BOSTON, MA and SAN FRANCISCO, CA — Parthenon Capital Partners, a leading middle market private equity firm with offices in Boston and San Francisco, announced today its expansion to a third office in Austin, Texas.
“We are excited to expand our firm,” said Brian Golson, co-CEO at Parthenon. “Austin is an excellent complement to our coastal offices. The new office will support the firm’s growth, will attract additional talent on both our investment and operating teams, and will increase our pace of investing in Texas and the Southwest.”
An initial team of three to five professionals begin operations in Austin this fall and will expand in size when new office space at the SXSW Center at 1400 Lavaca Street is completed in the fall of 2019. The firm will continue its long-held strategy of geographically cross-staffing each investment team according to industry and operating expertise. Today the firm is composed of roughly 35 professionals across its existing offices.
Dave Ament, co-CEO at Parthenon, added, “For over 15 years, our strategy has been to be insiders in the sectors we invest in. While we focus first and foremost on being insiders in the industries we target, it’s also critical to be present in the communities where great companies and great talent exists. Over the years, we’ve built a strong portfolio in Texas and the Southwest and our new Austin office will solidify our local presence in these important markets.”
ABOUT PARTHENON CAPITAL PARTNERS
Parthenon Capital Partners is a leading mid-market private equity firm with offices in Boston, San Francisco and Austin. Parthenon utilizes niche industry expertise and a deep execution team to invest in growth companies in service and technology industries. Parthenon seeks to be an active and aligned partner to management, either through recapitalization transactions or by backing new executives. Parthenon has particular expertise in financial and insurance services, healthcare and business services, but seeks any service, technology or delivery business with a strong value proposition and proprietary know-how. For more information, visit www.parthenoncapitalpartners.com.