Deep expertise is needed to navigate the ever changing healthcare landscape. About EY-Parthenon | EY - Global About us Close search Trending Why Chief Marketing Officers should be central to every transformation 31 Jan 2023 Consulting The CEO Imperative: How will CEOs respond to a new recession reality? Assurance Capital Group. Headquarters Location One Federal Street, 21st Floor Boston, Massachusetts, 02110, United States The acquisition comes amid a period of rapid expansion after Venbrook partnered with private equity firm Parthenon Capital last year. 6320 Canoga Avenue, 12th Floor Investors (1) M&A Activity (5) Venbrook's latest partnership comes amidst a year of rapid expansion since partnering in 2020 with Parthenon Capital, a leading growth-oriented private equity firm. Richard Wolff . Parthenon Capital has taken a majority stake in privately held US broker Venbrook Group, The Insurer can reveal. Parthenon Capital Partners Parthenon Capital Partners funds growth-stage companies in the services industry and is a Boston-based private equity firm. Parthenon utilizes niche industry expertise and a deep. All rights reserved. Were eager to take the company to the next level by investing in the team, technology, recruiting and marketing, as well as expanding into new markets organically and through acquisitions. At the time it said it was targeting what it saw as opportunities for further consolidation in the wholesale space, and to build out its MGA platform. We listen, learn, educate and apply our knowledge to make things happen, We embrace new thinking and technology to create opportunities and add value for our stakeholders, We welcome change, deliver frequently, and operate our business urgently today with our eye on the future, We make choices that foster success, take risks that open new doors, and never settle for complacency, We recruit and retain talented individuals who share our passion for achievement. San Diego, CA 92130 for media use only. Truly, its a win for everyone., When we first invested in Venbrook in 2020, we saw an incredible opportunity to partner with an energetic team and back an aggressive plan for both organic and strategic growth, said Andrew Dodson, Managing Partner at Parthenon Capital. Anthony earned his B.A. Were thrilled to be partnering with Larry and the entire team. Certain executives have received compensation for their services to Parthenon portfolio companies, including equity grants, profits interests, board of directors fees, consulting fees and other advisory fees, as well as co-investment opportunities. We appreciate the trust you place in us. Anthony J. Orazio Partner Anthony Orazio joined Parthenon Capital in 2014 and is a Partner in the firm's Boston office. My team and I will continue to provide the same customer-centric service they have come to know and trust from IIB over the last three decades. Our purpose is to instill confidence in a world of change, empowering our clients and people to realize their full potential. Fax: 858.764.7501, 16815 Von Karman Avenue, Suite 180 Parthenon utilizes niche industry expertise and a deep execution team to invest in growth companies in service and technology industries. Based in New Jersey, RD Parisi offers a complete range of employee benefits products with a team of experts well-versed in the latest on healthcare reform changes, requirements, and compliance issues. Tel: 818.598.8900 For more information about the Barrons 2021 Top 100 RIA Firms List, please visit Barronswebsite. 2023 Venbrook Group Holdings, LLC. Tel: 732.972.0600 These individuals may also be offered opportunities to invest on a carry-free and management fee-free basis in certain of our friends funds, which typically incur lower expenses relative to Parthenons main funds. Parthenon Capital is a leading growth-oriented private equity firm with offices in Boston, San Francisco and Austin. We are committed to maintaining a safe and healthy workplace for our employees and our clients. We are pleased to continue to support that plan with these acquisitions and remain extremely optimistic about Venbrooks growth trajectory.. We are closely monitoring the ongoing COVID-19 Coronavirus outbreak according to the guidelines and recommendations of the CDC. RD Parisi was advised on the transaction by Kenneth Helfer, President and Managing Partner of Helfer & Associates LLC. Segments we invest in include HCIT, revenue cycle management, practice management and technology, data capture and analytics, payor outsourcing and technology, patient and member engagement, pharmacy services and technology, supply chain, tech-enabled outsourcing, coordination of care, benefits administration and health insurance, and select provider areas. Maven Capital Partners has sold its stake in Titan Wealth Holdings to US private equity house Parthenon Capital. With Parthenon's ongoing support through financial growth capital and strategic expertise, we continue to see a very bright future of growth." "We couldn't be happier to join the Venbrook fold . The temple is generally considered to be the culmination of the development of the Doric order, the simplest of the three Classical Greek architectural orders. Ours is a history of evolution decades in the making. The technology landscape is ever-changing. Prior to joining Parthenon in 2002, he was the CFO and Vice President of Operations for Everdream, a software company sold to Dell providing outsourced IT . Prior to Oak Hill, he worked in the investment banking group at Blackstone (nka PJT Partners) where he focused on the financial services industry. We look forward to leveraging Venbrook's strength in customized real estate MGA programs and claims administration and adjusting services to bring even more value to our clients in the months and years to come. Andrew was also a financial analyst for Enron Corporation in the companys retail group. RSM is the leading provider of professional services to the middle market. Parthenon Capital, a prolific healthcare and fintech investor, is back in market with its sixth flagship fund, targeting $1.5 billion, two LPs told Buyouts. Latest Venbrook. IIB has provided insurance and risk management services to commercial real estate and high-net-worth personal lines clients for more than 30 years. The acquisitions mark the latest chapter in Venbrook's growth since it partnered with private equity firm Parthenon Capital last year. Venbrook is among the largest, private property/casualty brokerages in the U.S. Part of our strategy is to provide strength to our infrastructure and continue to broaden our solutions platform and range of product and service specialists for our clients. Venbrook and Parthenon could not be reached for comment on this article. We look forward to building upon this foundation, said Andrew Dodson, managing partner at Parthenon Capital. "Tom and his team at IIB have built an exceptional business by executing on simple fundamental principles: superb client value delivered through relationships built on trust. Tel: 847.598.3677 We have long admired both companies, their business acumen and culture. Tel: 818.598.8900 Companies Contacts Investors Funding Rounds Acquisitions People Events Schools Hubs Saved . 2023 PCP Enterprise, L.P. All rights reserved.Parthenon, Parthenon Capital, Parthenon Capital Partners and all related logos are registered service marks of PCP Enterprise, L.P. Venbrook Group, LLC ("Venbrook Group") is a limited liability company . 2023 PCP Enterprise, L.P. All rights reserved.Parthenon, Parthenon Capital, Parthenon Capital Partners and all related logos are registered service marks of PCP Enterprise, L.P. Fax: 847.598.3678, 927 West Main Street Tel: 732.972.0600 Parthenon Capital is acquiring the gaming division of Global Payments.. Fax: 847.598.3678, 927 West Main Street We are leaders. The firm is understood to have been employee-owned prior to the Parthenon Capital buyout. Our structure serves as the financial/investment platform that enables a competitive advantage, greater flexibility and efficiency, and strong cash flow. Manalapan, NJ 07726 We protect educational institutions. Partnering with Venbrook will allow us to continue to deliver the same level of service our clients have come to expect. CHICAGO (January 4, 2022)RSM US LLP (RSM), the nations leading provider of audit, tax and consulting services focused on the middle market, and Parthenon Capital (Parthenon), a leading growth-oriented private equity firm, today announced they have entered into an agreement for Parthenon to acquire RSM US Wealth Management LLC and rename it Choreo, LLC, with Choreo as its new brand. Prior to joining Parthenon, Andrew was a Consultant with Bain & Co. Venbrook continues to build partnerships to expand its insurance platform while continuing to invest in its infrastructure and talent. Visit ePay for easy online payments. Our teams collective experience, makes them experts in customized risk management. IIB further builds on Venbrook's nationwide geographic presence with a seasoned team of risk management professionals based in New England. Insurance Insider is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730, Book a call with a member of the team to discuss your subscription options, InsurTech Vesttoo lures Howden Tigers Cheney, Inver Re appoints MS Amlins Thomas as global head of property reinsurance, Chubb Tempest Re promotes Ashley to lead international P&C reinsurance, Pen Underwriting promotes Breslin to MD of specialty division, Beazley shares down 7% as profit for 2022 drops by 48% to $191mn, Scor global P&C Q4 profit down 20.3% to EUR149mn as investment income drops, Renewables conditions diverge between onshore and offshore through 2023, Discover things you shouldn't even know yet. Bienvenido a EY.com . Since partnering with Parthenon Capital, a leading growth-oriented private equity firm, in 2020, the company has experienced a year of rapid growth and completed multiple acquisitions. Our business advisory model offers risk advice, risk management, risk transfer, risk control, and risk mitigation solutions for the clients and businesses we serve. A wave of private equity, venture capital and hedge funds have targeted the payments sector in the past couple years and the surge in money directed at startup . In Venbrook'sfirst 10 years, we grew threefold, while providing a full range of services to organizations both large and small. Prior to joining Venbrook, he held CFO roles at Concord Blue Energy, Hyman, and Suncor Capital. We believe the combination of the experienced wealth management team with the vision of Parthenon and Larry Miles puts Choreo in a strong position for the future. Search Crunchbase. Venbrook Group, LLC (Venbrook), one of the largest independent insurance distribution and services firms in the U.S., announced today the acquisition David Morse & Associates (DMA). No executive was compensated directly for their testimonial. From modest origins as the sole proprietor of a retail brokerage, Jason has led Venbrook through a series of successful transitions and acquisitions. BirchStreet'in dikey olarak uzmanlam tedarikten demeye yazlmlarn lider salaycs olarak bymesini hzlandracak ilem. Inside P&C is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730, Book a call with a member of the team to discuss your subscription options, InsurTech Vesttoo lures Howden Tigers Cheney, Need to Know: Tesla Insurance, Ryan E&O claim, Fidelis pre-IPO filing, Inver Re appoints MS Amlins Thomas as global head of property reinsurance, Amwins hires former Howden director Herrera as SVP, Ryan Specialty records $117mn consideration in Griffin Underwriting deal, Gain your competitive advantage with Inside P&C. Valley View, PA 17983 Fax: 858.764.7501, 16815 Von Karman Avenue, Suite 180 Venbrook Insurance Holdings, LLC ("Venbrook") is a limited liability company organized under the laws of the State of Delaware with its principal place of business in Woodland Hills, California. Serving a diverse array of clients ranging from publicly traded REITs to privately held large-scale multifamily housing portfolios, IIB will further enhance Venbrook's deep expertise in commercial real estate, including its proprietary real estate-focused specialty programs. Joining forces with RD Parisi and DMA marks an exciting milestone in Venbrooks evolution, said Jason Turner, Venbrook President and CEO. origin : the genesis of our brokerage business and the evolutions of its leadership. With the addition of RD Parisi, DMA, and earlier investments in Megan Insurance and ComStar Insurance Solutions, Venbrook has continued to accelerate its growth over the last year and now employs over 600 associates under the Venbrook brand. The Company invests in business services, financial, healthcare, distribution, and technology companies. Tel: 818.598.8900 in Economics, with Honors, from Swarthmore College. Tel: 818.598.8900 We are committed to maintaining a safe and healthy workplace for our employees and our clients. Subdivision Bonds andCommercial Bonds. 2023 Venbrook Group Holdings, LLC. Were incredibly proud of our wealth management team and their accomplishments over the past two decades, said Joe Adams, managing partner & CEO at RSM. Andreia DeVries,National Public Relations Manager,andreia.devries@rsmus.com,954.449.8096 Parthenon, temple that dominates the hill of the Acropolis at Athens. Venbrook Insurance Services Email | 818-598-8992 LinkedIn Sarah Novakovich Chief Operating Officer Venbrook Claims Services LinkedIn Rob Parisi President RD Parisi & Associates Email | 973-243-5500 LinkedIn Louis Pippin Chief Claims Officer Venbrook Claims Services Email | 877-467-4262 LinkedIn Jack Reddy Chief Human Resources Officer We are committed to maintaining a safe and healthy workplace for our employees and our clients. In addition to its Woodland Hills, Los Angeles headquarters, Venbrook has San Diego and Orange County offices in California, a Schaumburg, Illinois office, and offices in Pennsylvania, New Jersey and Washington. Meanwhile, Wayne Swanson and his experienced underwriting team at ComStar further enhanced Venbrooks already deep expertise in providing bespoke specialty programs to the commercial real estate industry. 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