Renovus Capital Partners

Renovus Capital Partners is thrilled to announce its portfolio company SolomonEdwards has acquired Steele Consulting LLC! Founded by Jay Steele in 2005, Steele Consulting has established a strong track record of helping Fortune 1000 companies navigate complex tax regulations. The Steele acquisition marks a strategic step in SolomonEdwards’ ongoing expansion as a national platform, reinforcing its commitment as a leading professional services provider focused on the office of the CFO. Renovus Managing Director Lee Minkoff said, "we have gotten to know Jay and the Steele team over multiple years and have established a strong foundation for this partnership. The combination of SolomonEdwards’ national reach within the office of the CFO and Steele’s scalable tax advisory services platform opens up a massive opportunity for our company and our clients.” Congratulations to Jay and the entire Steele team! Read the full release here: https://bit.ly/3VjYhYV #privateequity #growthacquisition

Renovus Capital Partners' is thrilled to announce its portfolio company F2 Strategy has appointed Ryan Beach as CEO! Ryan is an industry veteran and comes to F2 from Orion Wealth Management. During his nearly 13-year tenure at Orion, he advanced through several leadership positions to become chief operating officer and eventually president. "This is an exciting time for F2 Strategy, and Ryan is the right leader to guide the company through its next phase of growth,” said Renovus Managing Director Lee Minkoff. "His experience at a large organization like Orion equips him to strengthen operations and build on the strong foundation that co-founders Doug Fritz and Liz Fritz have created. With Ryan at the helm, Doug can focus on the areas where he excels, ensuring F2 continues to deliver exceptional value to its clients." Read the full release here: https://bit.ly/4ignPjw #privateequity #ceo

Renovus Capital Partners is thrilled to share that we will be a host fund for Impact Capital Managers' 2025 ICM Mosaic Fellowship program. Designed for graduate students, Mosaic isn’t just a summer program—it’s a launchpad for impact-focused careers. Thank you to our Summer 2024 fellowship alumni Mohammed Omer for partnering with us in this program as our inaugural fellow. To learn more or apply, visit https://bit.ly/3V2VwLA. #privateequity #impactinvesting #internship

Renovus Capital Partners is excited to to announce that its portfolio company SolomonEdwards has acquired The Dominion Advisory Group (DAG), a U.S.-based anti-money laundering (AML) advisory and financial crime consulting firm. DAG’s services align well with SolomonEdwards’ core offerings in banking, financial services and regulatory compliance. This acquisition will further enhance SolomonEdwards’ capabilities, allowing the firm to provide a more comprehensive suite of services to its financial services clients. DAG founders Jon Glass and Peter Balint will join SolomonEdwards as partners, leading the new AML and financial crime consulting practice within the firm’s banking and financial services business. "We’re pleased to see the strong momentum at SolomonEdwards with John Gulnac providing a spark to the business, driving both organic and inorganic growth since joining as CEO earlier this year,” said Lee Minkoff, Managing Director at Renovus. “DAG is a natural extension of SolomonEdwards’ deep banking and financial services offerings, and we’re excited to welcome Jon and Pete senior leaders of the platform.” #privateequity #growthacquisition Read the entire release here: https://bit.ly/3VqAiYf

Renovus Capital Partners recently held its annual meeting, attended by over 150 investors, stakeholders, portfolio companies and friends of the firm both in person and virtually. Founding Partners Bradley Whitman, Atif Gilani and Jesse Serventi reflected on the firm's growth and achievements and talked about their strategic vision for the firm's future. Thanks to Cassidy (Baird) Allvord, CFA and Sarah Bukowski for organizing such a successful event! #privateequity #investorrelations #annualmeeting

Renovus Capital Partners is excited to announce its majority investment in Performive, a leading provider of managed IT services for mid-market enterprises. “We built a thesis on investing in differentiated MSPs with highly recurring revenue, critical service offerings, and a relentless focus on customers, and Performive fits this profile perfectly,” said Jason Tanker, Managing Director at Renovus. “We see tremendous growth potential in Performive’s platform and are excited to partner with the team to accelerate the company’s expansion, both organically and inorganically.” Congratulations to Gary Simat and the entire Performive team! Read the entire release here: https://bit.ly/3Au5Ept #privateequity #growthacquisition

Renovus Capital Partners is thrilled to be named to Inc. Magazine's 2024 List of Founder-Friendly Investors! Renovus has a long and successful track record of acquiring businesses from founders and is typically their first source of institutional capital. We stay actively involved within our portfolio companies and collaborate with founders to drive growth and maximize the value of their business. “We are proud to be included on Inc.’s prestigious list of founder-friendly investors,” said Renovus Founding Partner Jesse Serventi. “From the beginning, Renovus’ investments were primarily in founder-owned businesses as we quickly discovered that partnering with the owner to improve the operations of the company and add value was very fulfilling.” Read the complete news release below: https://lnkd.in/eSRuPbAb #privateequity #founderfriendly

Renovus Capital Partners is pleased to announce that its portfolio company, Harbor, the leader in business and digital transformation to the global legal industry, has acquired Ascertus Limited, a UK-based provider of document and content management technology services to law firms and corporate law departments.   Renovus Managing Director Lee Minkoff commented “Ascertus is a company we’ve been tracking for several years as it has grown to be one of the leading iManage partners in the UK and EMEA. This acquisition, which is the ninth completed for the Harbor platform, underscores our commitment to Harbor’s international growth and investment strategy as we seek to deliver our best-in-class legal technology and business services to the world’s largest legal enterprises.”   We congratulate Roy Russell, Damian Jeal, and the entire Ascertus team on this milestone! #privateequity #growthacquisition

Pickleball has quickly become a favorite activity for the Renovus Capital Partners team so what better way to get the team together to celebrate the close of our most recent fund, Renovus IV, than to have a tournament! Congratulations to winning team Stretching Fox, James Foxen and Matthew Stretch, and runners up team M&Aces, Jason Tanker and Luca Di Leonardo. #teambuilding #privateequity

Renovus Capital Partners is thrilled to announce the close of its fourth private equity fund, Renovus Capital Partners IV Core Buyout (with its parallel funds, "Renovus IV"), which was oversubscribed with capital commitments of $875 million. Limited partners (LP) for the funds include university endowments, foundations, pension funds, insurance companies, banks, family offices, and industry executives from both the U.S. and abroad. Renovus is grateful for the continued support from our LPs, which reflects their confidence in our strategy and execution capabilities. We are also excited to welcome new limited partners from across the globe, including institutions in Canada, Europe, the Middle East, and Asia. Founding Partner Atif Gilani said, "It is rewarding to see our team’s experience and commitment resonate with both new and existing LPs, many of whom have been with us since our inception nearly 15 years ago." Renovus IV will build on the strategy of its predecessor funds, focusing on control investments in founder-owned small and mid-sized businesses in the lower middle market. “Our goal is to continue to deliver top-tier outcomes for our portfolio companies and limited partners alike," stated Founding Partner Jesse Serventi. "We have demonstrated a consistent track record of sourcing great yet under-invested founder-owned companies, and over the course of our investment period scaling and professionalizing them, generating both EBITDA growth and multiple expansion at exit." “Renovus IV is off to a great start with its first investment scheduled to close in the next weeks and a robust pipeline of prospective investments ahead,” added Founding Partner Bradley Whitman. Read the full news release here: https://bit.ly/3NCtDpz #privateequity #lowermiddlemarket #fundclosing