A Portfolio Company Of
Has Been Acquired By
Bearence Management Group
Bearence Management Group (“Bearence”), founded in 2005 with the mission of providing unparalleled service to its clients, is an industry leading provider of risk management and financial products. Bearence goes beyond the more traditional insurance agency, evaluating a client’s entire risk profile and developing holistic risk management solutions by focusing on risk, investments, communications, consulting and outsourced services. Bearence is Headquartered in West Des Moines, IA with additional offices in Mendota Heights, Minnesota and Overland Park, Kansas and serves over 2000 clients. For more information, visit http://www.bearence.com/.
McCarthy Capital is an Omaha-based private equity firm focused exclusively on lower middle market companies with less than $250 million of revenues. For nearly 30 years, McCarthy has been partnering with founders, families and exceptional management teams to support the growth of their companies. McCarthy tailors investment structures to accommodate the needs of all stakeholders, enabling them to act as either a minority or majority investor. McCarthy manages more than $900 million of investment capital and typically invests $10 to $50 million of equity in a mix of growth equity investments, recapitalizations and management buyouts. For more information, visit http://www.mccarthycapital.com/.
BroadStreet Partners is an insurance brokerage company operating through a diverse group of premier regional insurance agencies. BroadStreet’s unique partnership approach aligns incentives through equity ownership with management and preserves the entrepreneurial orientation that distinguishes the most successful insurance brokerage firms. Its’ unique model delivers operational autonomy to its “core” partners and the ability to leverage scale, acquisition expertise and access to capital. BroadStreet is the 15th largest insurance broker in the United States and the 6th largest privately held broker. It has 16 regional “core” partners with over 138 office locations. For more information, visit http://www.broadstreetcorp.com/.
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Astara Capital Partners Has Acquired Del-Air Heating, Air Conditioning & Refrigeration. Stephens served as exclusive financial advisor to Astara Capital Partners (“Astara”) on the Transaction
Kimbell Royalty Partners, LP prices Its follow-on offering. Stephens served as co-manager on the offering.
Executive Network Partnering Corporation And Grey Rock Investment Partners Have Entered Into A Definitive Agreement To Complete A Business Combination. Stephens served as financial advisor to ENPC and provided a fairness opinion to its Board of Directors in the transaction.