DFW Capital Partners, a 35-year-old private equity firm based in New Jersey, has completed an investment in ReSource Pro, becoming the company’s majority owner.
ReSource Pro, a New York-based provider of operations efficiency and business process solutions for the insurance industry, will continue as a stand-alone entity with its existing management team that is tasked with expanding the company’s operations. Terms of the transaction were not disclosed.
DFW’s strategy has been to invest in middle market companies with strong management teams and consistent annual revenue growth, said DFW Managing Partner Keith W. Pennell in a ReSource Pro press release.
With service operations across the U.S., China and India, ReSource Pro is focused on operational efficiency and analytics as drivers of growth for insurance organizations. The company was founded in 2004.
Lazard Middle Market LLC acted as ReSource Pro’s advisor in the transaction.
Source: ReSource Pro
Topics Mergers & Acquisitions New York
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