Prior to joining Parthenon, Anthony was an investment professional at Oak Hill Capital Partners, where he worked in the business & financial services industry group. IIB has a 30+ year history of providing best-in-class insurance and risk management services to commercial real estate and high net worth personal lines clients. Tel: 732.972.0600 origin : the genesis of our brokerage business and the evolutions of its leadership. Parthenon Capital has taken a majority stake in privately held US broker Venbrook Group, The Insurer can reveal. A Venbrook representative confirmed that the deal with the former AmWins owner had. Were thrilled with the acquisition and the ability to offer our clients a broader portfolio of products and services through the Venbrook platform, said Rob Parisi, Founder and President of RD Parisi. Vest, ICD, loanDepot, Millennium Trust, Relation, ScentAir, Seaside National Bank & Trust, Venbrook and Wildlands. . 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. We appreciate the trust you place in us. The Venbrook Groupof companies provide risk management services, insurance and reinsurance brokerage solutions throughout the U.S. definition : a totally vertical business enterprise in the insurance and financial services sector committed to vision, values, venture and victory. Fax: 570.682.9251, 70 Bridge Plaza Drive Venbrook caters to a national client base across myriad industries with divergent needs. In these changing times, we have remained decidedly old school, with service at a customers fingertips and always with a human touch. Tel: 818.598.8900 Subdivision Bonds andCommercial Bonds. We invest in companies that use technology, knowledge-based solutions and business intelligence to help customers improve productivity, innovation, and time to market while reducing asset-intensity and cost of distribution. IIB is a perfect complement and accelerant to our growing suite of nationwide commercial real estate risk management services.". Weremainfocused on the direct impact this event has on our industry and businesses, while continuing to providerisk management and services to you. Aug 21, 2016. phi beta kappa, magna cum laude from Duke University and his M.B.A with High Distinction as a Baker Scholar from Harvard Business School. Investors (1) M&A Activity (5) Parthenon intends to grow the business organically and through acquisitions while making investments that maintain and enhance the client experience. 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. The fund, if it hits target, would be larger than Parthenon's prior fund, which closed on its hard cap of $1 billion in 2016. Schaumburg, IL 60173 Our business advisory model offers risk advice, risk management, risk transfer, risk control, and risk mitigation solutions for the clients and businesses we serve. Andrew Dodson is a Managing Partner of Parthenon Capital and is a member of the firm's Investment Committee. Anthony earned his B.A. The acquisition comes amid a period of rapid expansion after Venbrook partnered with private equity firm Parthenon Capital last year. Parthenon Capital 2022 - Present1 year Boston, MA U.S. Venbrook continues to build partnerships to expand its insurance platform while continuing to invest in its infrastructure and talent. Weremainfocused on the direct impact this event has on our industry and businesses, while continuing to providerisk management and services to you. From freight forwarders, cargo liability coverage, contingent cargo, warehouse legal liability, business interruption, and more. Explore The Venbrook Story He is active in sourcing, evaluating and executing new investment opportunities as well as working with existing portfolio companies on various strategic initiatives. Anthony J. Orazio Partner Anthony Orazio joined Parthenon Capital in 2014 and is a Partner in the firm's Boston office. Assurance Capital Group. Chief Information Officer Parthenon Capital Partners Parthenon Capital Partners funds growth-stage companies in the services industry and is a Boston-based private equity firm. Irvine, CA 92606 Parthenon Capital has made a number of investments in the sector and formerly held stakes in wholesale giant AmWINS and expansive retail broker Relation. 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. Parthenon Capital 2015 - 20216 years San Francisco Bay Area Received Principal promotion offer. BirchSokak Sistemleri > Basn yaynlar > BirchStreet Systems, Parthenon Capital'den Yatrm Duyurdu. Venbrooks team of experts and industry specialists partner with their clients to manage their risks, create security, promote growth and add value by delivering best-in-class insurance products and programs. View contact profiles from Parthenon Capital Popular Searches According to sources the private equity firm has bought out the interest of chairman Bill Lopatin (pictured left) as part of the transaction. Given the complexity and inefficiency of the US healthcare system, innovative companies can have a huge impact on cost, quality and patient experience. Tel: 800.449.9555 All rights reserved. The member firms of RSM International collaborate to provide services to global clients, but are separate and distinct legal entities that cannot obligate each other. About Venbrook Venbrook Group, LLC is a holdings company with subsidiaries engaged in retail broking, wholesale broking, programs, and claims services. We embrace new thinking and technology to create opportunities that add value for our stakeholders. 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 . . Our highly select group of independent brokers can help you obtain liability coverage for commercial-class vehicles. 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. Fueled by an entrepreneurial spirit, Venbrook is dedicated to creating innovative solutions that cater specifically to your unique needs. Valley View, PA 17983 From our founding, our team of professionals have been dedicated to client service and the protection of our clients to deliver returns. Add Acquisitions filter . In this role, he structured multiyear swaps with companies in multiple industries to hedge their energy exposure. 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. Visit ePay for easy online payments. These opportunities create an incentive for executives to make positive remarks on their experiences with Parthenon. "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. Parthenon . We appreciate the trust you place in us. RSM US Wealth Management LLC is an SEC-registered investment adviser. Venbrook is headquartered in Los Angeles with various locations across the country. Tel: 818.598.8900 V-Ventures offers highly affordable turnkey insurance products leveraging technology and a deep understanding of vertical markets. PE firm Parthenon buys into Venbrook at around 10x Ebitda. Parthenon has particular expertise in healthcare, financial and insurance services, and technology services, but seeks any service, technology or delivery business with a strong value proposition and proprietary know-how. 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. Fax: 847.598.3678, 927 West Main Street Fueled by an entrepreneurial spirit, Venbrook is dedicated to creating innovative solutions that cater specifically to your unique needs. 3. At Trilogy, Andrew focused primarily in business development, establishing partnerships to spur growth for one of Trilogys subsidiaries. These customized programs and solutions have given our clients a competitive edge and established us as a prominent force in risk management and insurance broking. We are committed to maintaining a safe and healthy workplace for our employees and our clients. Deep expertise is needed to navigate the ever changing healthcare landscape. Andrew Dodson is a Managing Partner of Parthenon Capital and is a member of the firms Investment Committee. Irvine, CA 92606 Fax: 973-243-5550, Camas, WA 98607 Parthenon Capital Partners funds growth-stage companies in the services industry and is a Boston-based private equity firm. He is located in Austin and is Head of the Austin office. Parthenon utilizes niche industry expertise and a deep execution team to invest in growth companies in service and technology industries. "Parthenon Capital is a leading, growth-oriented mid-market private equity firm with offices in Boston, San Francisco, and Austin. 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. LOS ANGELES, Oct. 20, 2016 /PRNewswire/ -- Venbrook Group, LLC, one of the largest independent property/casualty brokerages in the U.S., today announced the completion of a . Parthenon Capital has taken a majority stake in privately held US broker Venbrook Group, The Insurer can reveal. 6320 Canoga Avenue, 12th Floor Parthenon Capital is a leading mid-market private equity firm with offices in Boston, San Francisco and Austin. Their most recent investment was on Jun 30, 2022, when Cherry Bekaert raised Parthenon Capital Partners has made 3 diversity investments. Parthenon Capital is a leading mid-market private equity firm with offices in Boston, San Francisco and Austin. Andrew is located in San Francisco and is Head of the San Francisco office. DMA was advised on the transaction by Waller Helms Advisors. Alpharetta Underwriters. Benefits America Insurance Services, LLC. Brian Golson is a Managing Partner and Co-CEO of Parthenon Capital and is a member of the firm's Investment Committee. The Venbrook Groupof companies provide risk management services, insurance and reinsurance brokerage solutions throughout the U.S. definition : a totally vertical business enterprise in the insurance and financial services sector committed to vision, values, venture and victory. IIB has a 30+ year history of providing best-in-class insurance and risk management services to commercial real estate and high net worth personal lines clients. Parthenon seeks to be an active and aligned partner to management, either through . Directors & Officers/Management Liability, Professional Liability / Errors & Omissions, Venbrook Appoints Bryan Meyer Executive Vice President And Head of U.S. Programs Division, Suzie Spencer Promoted to Vice President of Business Development, Venbrook Names Louis Pippin Chief Claims Officer To Expand Third Party Administration Capabilities Across The Country And Internationally, Venbrook Names Jeff Lang Executive Vice President, Retail Services Practice Leader, Venbrook Names Jack Reddy Chief Human Resources Officer, Louis Pippin, Chief Claims Officer, featured in a The Defense Never Rests podcast interview with Morgan & Akins, PLLC, Venbrook Bolsters East Coast Presence with Acquisition of InterContinental Insurance Brokers, Venbrook Group Acquires Alpharetta Underwriters, Venbrook Partners with Jason Allen of Worldwide Risk Management to Grow U.S. Government Contractor Insurance Practice, Venbrook Acquires RD Parisi and David Morse and Associates to Bolster Employee Benefits and Claims Services, CONSTRUCTION COSTS AND INSURABLE VALUES: ENSURING COVERAGE ADEQUACY WHILE CONTROLLING PREMIUM COST IMPACT, Venbrook Partners with Everspan on a Non-Emergency Medical Transportation Program, East Coast Meets West Coast as Brooks Insurance Agency Announces Expansion, Venbrook Insurance Services Announces Promotion of Tim Johnston to Managing Director of Construction Division, Brooks Insurance Agency Partners with The Hartford on Third-Party Logistics Warehouse Practice, Westlake Risk & Insurance Services Partners with Benefits America, Venbrook Group, LLC Secures $42M from Madison Capital Funding, Eric Doll Joins Venbrook Insurance Services as Senior Vice President. RD Parisi offers a complete range of employee benefits. Parthenon seeks to be an active and aligned partner to management, either through . Dave Scudder, RSM US Wealth Managements national leader, will transition to Choreo with the rest of the wealth management team and become Choreos Executive Vice President, Strategic Partnerships. 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. 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. Disclaimer:The awards and recognitions mentioned throughout should not be construed as a testimonial or endorsement regarding our employees or advisory services. Save Search . PE firm Parthenon buys into Venbrook at around 10x Ebitda Parthenon Capital has taken a majority stake in privately held US broker Venbrook Group, The Insurer can reveal. Jason D. Turner is the Founder, President, and Chief Executive Officer of Venbrook Group, LLC. Their unparalleled expertise and world-class talent are a great addition to our company. AboutParthenon Capital Fax: 858.764.7501, 16815 Von Karman Avenue, Suite 180 Our structure serves as the financial/investment platform that enables a competitive advantage, greater flexibility and efficiency, and strong cash flow. Our experience includes investing in business process outsourcing, human capital management, payment processing, exchanges, distribution and logistics, security, government outsourcing, education and SaaS-based models. San Diego, CA 92130 Field Value; Last updated: February 22, 2023: Created: February 22, 2023: Format: PDF: : Other (Public Domain) created: 7 days ago: format: PDF: has views . Andrew was also a financial analyst for Enron Corporation in the companys retail group. 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. Tel: 973-243-5500 We help employ better strategic options that enhance successful portfolios in the energy, petroleum, metals, and mining markets. Parthenon Capital Partners (Parthenon) is a private equity firmthat partners with and invests in management teams and their companies. Scoop: PE-backed Zelis buys Spectrum's Payer Compass. Search the Kapelle French Military Cemetery cemetery located in Zeeland, Netherlands. Their most recent diversity investment was on Oct 16, 2019, when DaySmart Software raised Parthenon Capital Partners has had 18 exits. Maven Capital Partners has sold its stake in Titan Wealth Holdings to US private equity house Parthenon Capital. RSM is the leading provider of professional services to the middle market. Venbrook Group, a large independent insurance distribution and services firm in the US, has announced the appointment of Bryan Meyer as Executive Vice President, Programs for Venbrook Specialty Services, LLC, a wholly-owned subsidiary. 6320 Canoga Avenue, 12th Floor Woodland Hills, CA 91367 We look forward to building upon this foundation, said Andrew Dodson, managing partner at Parthenon Capital. Fax: 847.598.3678, 927 West Main Street Anthony Orazio joined Parthenon Capital in 2014 and is a Partner in the firms Boston office. We take pride in our services and aim to add value by helping to improve transparency, trust and consistency of our business practices. The addition of Alison Myers and her team at Megan Insurance expanded Venbrooks team of professionals providing best-in-class employee benefits solutions and services. According to the firms website, other key management executives include CFO Gig Palmer, who joined Venbrook from investment bank and advisory firm Raymond James & Associates in 2016, co-president Greg Econn, who is also managing director of Venbrook Insurance Services, and David Rosen, managing director of the Brooks Insurance Agency. LinkedIn, Jack Reddy According to sources the private equity firm has bought out the interest of chairman Bill Lopatin (pictured left) as part of the transaction. Were impressed with RSM US Wealth Management LLCs success in the industry as reflected in its most recent placement amongBarrons 2021 Top 100 RIA Firms. Venbrooks solutions and the specialized programs we develop, provide risk-management ideas that empower institutions to minimize uncertainty, protect their assets, and optimize profitability. The firm prefers to invest in middle-market companies operating in the business products, business services, financial services, energy, information technology, healthcare, and cybersecurity sectors. Our teams collective experience, makes them experts in customized risk management. From modest origins as the sole proprietor of a retail brokerage, Jason has led Venbrook through a series of successful transitions and acquisitions. Parthenon Capital ("Parthenon") is a private equity firm that partners with and invests in management teams and their companies. No executive was compensated directly for their testimonial. Tel: 818.598.8937. Office Locations: Los Angeles, CA; Irvine, CA; San Diego, CA; Chicago, IL; Detroit, MI; Philadelphia, PA; New Jersey; New York. View Venbrook Group (www.venbrook.com) location in California, United States , revenue, industry and description. Visit us online at www.venbrook.com/insightsfor regular updates. Venbrook Group, LLC is a holdings company with subsidiaries engaged in retail broking, wholesale broking, programs, and claims services. . Managing all aspects of construction-related issues from planning for business continuity, to supply chain, and physical and operational risk. Visit our online payment solution to make a payment via credit card or ACH. Past performance is not indicative of future performance. 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. Since our founding in 1998, we have partnered with world-class management teams tocomplete over 50 platform acquisitions and 200 add-on acquisitions representing more than $5 billion in value in these sectors. Tel: 818.598.8937. Venbrook caters to a national client base across myriad industries with divergent needs. in Economics, with Honors, from Swarthmore College. For more information, visit rsmus.com, like us onFacebook, follow us onTwitterand/or connect with us onLinkedIn. Prior to joining Parthenon, Andrew was a Consultant with Bain & Co. As risk managers, business advisors, and specialists we play a significant role in the operation of building business growth as it relates to navigating the insurance markets. Andrew joined Parthenon Capital in 2005. LinkedIn. Use this form to send an email directly to a Parthenon team member. Venbrook is headquartered in Los Angeles with various locations across the country. 2023 Venbrook Group Holdings, LLC. The acquisitions mark the latest chapter in Venbrook's growth since it partnered with private equity firm Parthenon Capital last year. origin : the genesis of our brokerage business and the evolutions of its leadership. We protect educational institutions. VSS is a nationally recognized wholesale brokerage and managing general agency specializing in specialty insurance services. Los Angeles Venbrook Group, LLC (Venbrook), one of the largest independent insurance distribution and services firms in the U.S., announced today the acquisitions of RD Parisi Associates, Inc. (RD Parisi) and David Morse and Associates (DMA). Private equity firm Parthenon Capital . We are closely monitoring the ongoing COVID-19 Coronavirus outbreak according to the guidelines and recommendations of the CDC. 28 Ocak 2022 tarafndan Gareth Fraser 3 dakikalk okuma. We are committed to maintaining a safe and healthy workplace for our employees and our clients. The deal, subject to regulatory approval, will see Parthenon Capital invest in . Tel: 800.449.9555 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. Explore our latest programs to insure your services, supply chain, warehouses, shipping structures, self-storage facilities, distribution centers, inventory, business continuity, and more. Latest Venbrook. All rights reserved. Joining forces with RD Parisi and DMA marks an exciting milestone in Venbrooks evolution, said Jason Turner, Venbrook President and CEO. Our structure serves as the financial/investment platform that enables a competitive advantage, greater flexibility and efficiency, and strong cash flow. We take a research-driven approach within our core sectors where we have sustainable operating and investment experience. Parthenon has been continually invested in the wealth management sector for over a decade, added Anthony Orazio, partner at Parthenon Capital. Successful companies in financial services must utilize technology and focus to manage an ever-changing regulatory and competitive landscape. The group also has a private client services division targeting high net worth individuals and a claims management unit. Parthenon Capital is a leading growth-oriented private equity firm with offices in Boston, San Francisco and Austin. Parthenon Capital 399 Boylston Street, 13th Floor, Boston, Massachusetts 02116 United States (617) 960-4000 www.parthenoncapital.com info@parthenoncapital.com Profile M&A Activity (90) Portfolio (64) Team (22) Offices (3) M&A Connections (43) M&A Advisors (11) Analytics The private equity firm said in a Monday (Feb. 13) press release that it has entered into a definitive agreement to acquire . With Parthenons ongoing support through financial growth capital and strategic expertise, we continue to see a very bright future of growth., We couldnt be happier to join the Venbrook fold, said Duke Snider, CEO of DMA. Fax: 818.598.8910, 11512 El Camino Real, Suite 120 6320 Canoga Avenue Suite 1200, Woodland Hills, California 91367. Bienvenido a EY.com . Although terms of the acquisition are not known, sources suggested the deal valued the Woodland Hills, California-based firm as high as $150mn and was based on a multiple of around 10x Ebitda. The firm is understood to have been employee-owned prior to the Parthenon Capital buyout. Clients will continue working with the same wealth management team they know and trust and will receive the same investment advisory, financial planning, and other wealth management services. For more information, please visit www.venbrook.com. Add a memorial, flowers or photo. Andreia DeVries,National Public Relations Manager,andreia.devries@rsmus.com,954.449.8096 Los Angeles-based Venbrook Group LLC said Wednesday it has acquired InterContinental Insurance Brokers LLC, a Boston-based property/casualty brokerage. Since joining Parthenon, Andrew has been actively involved with the firms investments in Allworth Financial, AmWINS Group, ASG, Bryant & Stratton, Cherry Bekaert, Choreo, Coastal Credit, EdgeCo Holdings, Envysion, H.D. includes any. Led by recognized industry leaders, we understand the concerns of trucking companies (including bulk and hazardous), long-haul, remediation, environmental, energy and waste. He is active in sourcing, evaluating and executing new investment opportunities as well as working with existing portfolio companies on various strategic initiatives. This is the Parthenon Capital Partners company profile. Parthenon seeks to be an active and aligned partner to management, either through recapitalization transactions or by backing new executives. Do Not Sell or Share My Personal Information (California). We provide specialized Surety expertise for License and Permit Bonds,Probate and Court Bonds. It takes a research-driven approach within its core sectors where it has sustainable operating and investment experience. Media and Press Release Inquiries: Erika Magana Vice-President, Marketing and Communications 818-598-8900 Follow our community: LinkedIn - www.linkedin.com/company/venbrook Facebook - www.facebook.com/venbrook We can help you prepare for any uncertainties, with liability, property, and worker related products, claims, recalls, raw material suppliers, and equipment purchases or breakdowns. LOS ANGELES,Dec. 1, 2021/PRNewswire/ --Venbrook Group, LLC ("Venbrook"), one of the largest independent insurance distribution and services firms in the U.S., today announced the acquisition ofInterContinental Insurance Brokers, LLC ("IIB"), a full-service property and casualty insurance brokerage and risk management firm headquartered inBoston, MA. Discover our suite of solutions for medical practitioners, traditional and nontraditional healthcare providers, institutions, clinics, and organizations, all in line with the ever-changing health reform. 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. Fax: 570.682.9251, 70 Bridge Plaza Drive Whether you are a property manager, real estate agent/broker, lawyer, architect/engineer, or consultant, discover how we can tailor a solution for you. Discover more acquisitions . Fax: 732.591.8785, 500 Prospect Avenue, Suite 100 Tel: 818.598.8900 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. Tel: 570.682.9429 Contract Performance Bonds. Manalapan, NJ 07726 He is responsible for corporate leadership of the risk management, insurance and reinsurance brokingfirms, as well as developing and implementing core strategy, building infrastructure, and establishing the Venbrook vision and values systems. Founded in 1998, Parthenon has managed top-performing funds with over $6 billion of total capital commitments. 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 . Maven Capital Partners funds growth-stage companies in multiple industries to hedge their energy exposure on. Technology to create opportunities that add value for our stakeholders divergent needs in these changing,... Competitive advantage, greater flexibility and efficiency, and physical and operational risk liability, interruption. 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