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). 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. 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. Parthenon utilizes niche industry expertise and a deep execution team to invest . 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? RSM US Wealth Management LLC did not pay to be considered for this award. Cardiganmanagement.com. Larry Miles, a 20-year wealth management veteran, will become Chief Executive Officer of Choreo. 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. Meyer holds over three decades of experience across both the carrier . Were thrilled to be partnering with Larry and the entire team. Anthony also previously worked at BESCAP, a private equity firm focused on the financial services industry. Tel: 732.972.0600 Parthenon utilizes niche industry expertise and a deep execution team to invest in growth companies in service and technology industries. 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. A Venbrook representative confirmed that the deal with the former AmWins owner had. We have long admired both companies, their business acumen and culture. Fax: 570.682.9251, 70 Bridge Plaza Drive Parthenon Capital is a leading growth-oriented private equity firm with offices in Boston, San Francisco and Austin. Latest Venbrook. We take pride in our services and aim to add value by helping to improve transparency, trust and consistency of our business practices. Prior to Oak Hill, he worked in the investment banking group at Blackstone (nka PJT Partners) where he focused on the financial services industry. Andrew Dodson is a Managing Partner of Parthenon Capital and is a member of the firms Investment Committee. Valley View, PA 17983 Coverage includes Business Owner Policy that includes Business Liability, Business Property, Business Income, Errors and Omissions, General Liability, Employed Lawyer Liability and more. In this role, he structured multiyear swaps with companies in multiple industries to hedge their energy exposure. Fax: 973-243-5550, Camas, WA 98607 Our highly select group of independent brokers can help you obtain liability coverage for commercial-class vehicles. Fax: 858.764.7501, 16815 Von Karman Avenue, Suite 180 Do Not Sell or Share My Personal Information (California). 6320 Canoga Avenue, 12th Floor West Orange, NJ 07052 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. Andrew was also a financial analyst for Enron Corporation in the companys retail group. We embrace new thinking and technology to create opportunities that add value for our stakeholders. Parthenon Capital 2015 - 20216 years San Francisco Bay Area Received Principal promotion offer. Irvine, CA 92606 We listen, learn, educate and apply our knowledge to work for you. Led by recognized industry leaders, we understand the concerns of trucking companies (including bulk and hazardous), long-haul, remediation, environmental, energy and waste. Supporting our clients to address, analyse, and prepare for the challenges facing today's leading institutions. Fax: 818.598.8910, 11512 El Camino Real, Suite 120 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. For more information, please visit www.venbrook.com. Parthenon seeks to be an active and aligned partner to management, either through . Oct 11, 2016. When it comes to property that is mobile or being transported via water, rely on our specialists to advise you about the best ways to reduce associated risks and mitigate losses. Tel: 973-243-5500 RALEIGH, N.C., June 30, 2022 /PRNewswire/ -- Cherry Bekaert ("the Firm") is pleased to announce Parthenon Capital ("Parthenon"), a leading growth-oriented private equity firm, has made a strategic . Weremainfocused on the direct impact this event has on our industry and businesses, while continuing to providerisk management and services to you. 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. IIB has provided insurance and risk management services to commercial real estate and high-net-worth personal lines clients for more than 30 years. Tel: 818.598.8937. Discover more acquisitions . It has utilized debt financing previously on acquisitions, including a $42mn capital raise from New York Life subsidiary Madison Capital Funding in 2016 when it bought New Jersey-based wholesale broker and MGA Brooks Insurance Group. 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. Tel: 847.598.3677 Our teams collective experience, makes them experts in customized risk management. 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. Fueled by an entrepreneurial spirit, Venbrook is dedicated to creating innovative solutions that cater specifically to your unique needs. RSM US Wealth Management LLC is an SEC-registered investment adviser. 2023 Venbrook Group Holdings, LLC. VSS is a nationally recognized wholesale brokerage and managing general agency specializing in specialty insurance services. Subdivision Bonds andCommercial Bonds. Parthenon utilizes niche industry expertise and a deep execution team to invest in growth companies in service and technology industries. 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. Ours is a history of evolution decades in the making. Parthenon . We provide specialized Surety expertise for License and Permit Bonds, Directors & Officers/Management Liability, Professional Liability / Errors & Omissions. He is located in Austin and is Head of the Austin office. 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. If you are a subscriber, please sign back in to read this article Investors (1) M&A Activity (5) Venbrook caters to a national client base across myriad industries with divergent needs. in Economics, with Honors, from Swarthmore College. 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. Completion of the acquisition is expected in the first quarter of 2022, with a target date of Feb. 18, pending satisfaction of customary conditions. Andrew joined Parthenon Capital in 2005. Discover what makes RSM the first choice advisor to middle market leaders, globally. Parthenon Capital is acquiring the gaming division of Global Payments.. Fax: 732.591.8785, 500 Prospect Avenue, Suite 100 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. Our structure serves as the financial/investment platform that enables a competitive advantage, greater flexibility and efficiency, and strong cash flow. We look forward to building upon the culture that has contributed to a strong wealth management team, and were excited to drive growth that will create new opportunities for our professionals and unlock added value for clients. Directors & Officers/Management Liability, Professional Liability / Errors & Omissions. minimum capital and contributed surplus required of an insurance Visit us online at www.venbrook.com/insightsfor regular updates. Tel: 847.598.3677 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. Prior to joining Parthenon, Andrew was a Consultant with Bain & Co. Fueled by an entrepreneurial spirit, Venbrook is dedicated to creating innovative solutions that cater specifically to your unique needs. Chief Human Resources Officer Schaumburg, IL 60173 Andrew is located in San Francisco and is Head of the San Francisco office. Bienvenido a EY.com . 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. Tel: 800.449.9555 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. Registration as an investment adviser does not imply any skillset of the wealth manager and/or its advisors. 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. Benefits America Insurance Services, LLC. Woodland Hills, CA 91367 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 Venbrook Group, LLC is a holdings company with subsidiaries engaged in retail broking, wholesale broking, programs, and claims services. for media use only. Manalapan, NJ 07726 Visit rsmus.com/about for more information regarding RSM US LLP and RSM International. Fax: 973-243-5550, Camas, WA 98607 PE firm Parthenon buys into Venbrook at around 10x Ebitda. United States, (818) 598-8900. www.venbrook.com. Explore The Venbrook Story Contract Performance Bonds. Established through a series of long-lasting relationships, that enable us to negotiate more competitively, on your behalf. Parthenon Capital is a leading growth-oriented private equity firm with offices in Boston, San Francisco and Austin. These opportunities create an incentive for executives to make positive remarks on their experiences with Parthenon. Manalapan, NJ 07726 Our business advisory model offers risk advice, risk management, risk transfer, risk control, and risk mitigation solutions for the clients and businesses we serve. Parthenon Capital Partners acquired Venbrook Insurance Services for an undisclosed amount . We are closely monitoring the ongoing COVID-19 Coronavirus outbreak according to the guidelines and recommendations of the CDC. Fax: 847.598.3678, 927 West Main Street Prior to Enron, he worked for Trilogy, Inc., an enterprise software company in Austin, Texas. Parthenon Capital Partners, FTV Capital and Great Hill Partners are among firms that carved out a niche investing in payments companies years ago, but they're not so alone anymore. 07726 Visit rsmus.com/about for more than 30 years Karman Avenue, Suite 180 Do not Sell or Share Personal... 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