#USA #Dallas #Financial Services #Embark Consulting #Parthenon Capital

Embark Partners with Parthenon Capital to Drive Growth

Embark, a prominent player in the management and financial consulting sphere, has made a significant leap forward by engaging in a strategic partnership with Parthenon Capital, a top-tier private equity firm recognized for its focus on growth. This collaboration is considered a major milestone for Embark, providing a wealth of resources and a strategic framework essential for accelerating its ambitions in delivering innovative solutions tailored for executive leaders and their teams.

In a statement about the investment, Felice Gorordo, CEO of Embark, expressed strong optimism. He stated, "We are incredibly excited and proud to partner with Parthenon Capital. Their investment will bolster our service offerings, stimulate organic growth and acquisitions, and reinforce our commitment to our dedicated workforce. Partnering with Parthenon aligns perfectly with our values and vision — emphasizing people, customer satisfaction, and cutting-edge solutions."

Parthenon Capital comes with a robust reputation, managing over $10 billion in capital commitments, and has a proven track record of collaborating with founders and management teams to cultivate franchise companies particularly within the financial services domain. The firm specializes in professional services and businesses driven by human capital, employing a research-driven methodology to delve into industry sectors. They identified Embark as an exemplary entity for this partnership through a meticulous multi-year analysis of the advisory services landscape.

Andrew Dodson, Parthenon Capital’s Managing Partner, highlighted their admiration for Embark's trajectory, stating, "We have followed Embark's impressive journey for years and are excited to partner with a true disruptor in the financial advisory and consulting industry. Their client-centric culture and innovative methodology distinctly positions them in the market, and we are keen to support their continuing expansion."

Echoing this sentiment, Tom Hough, a Principal at Parthenon Capital, complimented Embark’s commitment to its people and their dedication to delivering top-notch solutions. He concluded, "We are enthusiastic about advancing their technology investments, expanding capabilities, and nurturing the unique culture that makes Embark stand out in the consultancy landscape."

With this new partnership, Embark is set to enhance its technological capabilities, placing a stronger emphasis on leveraging automation and artificial intelligence within finance functions. Additionally, it aims to attract and cultivate the brightest talents while also exploring new strategic avenues that will enhance client servicing across a spectrum of financial advisory, business transformation, deal advisory, and outsourced accounting services.

To ensure that Embark remains true to its people-first values, Paul Allen, the founder of the company, will continue as Chairman of the Board. He maintains a notable ownership stake and is set to lead the Board's People and Culture Committee. Allen remarked, "We couldn't be more excited about partnering with Parthenon Capital. As we scale, our commitment to our culture and our people will only deepen with their backing."

With a total addressable market that surpasses $80 billion, and growing demand for technology-enabled solutions, Embark is well-positioned to capitalize on current industry trends. The firm’s unique model, complemented by exceptional client satisfaction metrics, along with Parthenon's demonstrated capacity for impactful growth, situates Embark to effectively navigate a rapidly evolving business environment.

Guggenheim Securities, LLC acted as the exclusive financial advisor to Embark, while Perkins Coie LLP provided legal counsel, and Kirkland & Ellis LLP assisted Parthenon Capital.

About Embark

Embark is dedicated to transforming intricate challenges into straightforward solutions. They aid CFOs and business leaders in overcoming hurdles and achieving objectives through bespoke financial advisory, business transformation, deal advisory, and outsourcing solutions. With operations across 26 strategic markets, Embark employs personalized approaches to serve clients nationwide while fostering a workplace culture where “happy works.” Explore more at www.embarkwithus.com.

About Parthenon Capital

Parthenon Capital is recognized as a growth-focused private equity firm with offices in Boston, San Francisco, and Austin. It leverages niche expertise and a comprehensive execution team to invest in promising growth companies in service and technology sectors, taking an active partnership role in management. Parthenon is particularly skilled in financial services, healthcare, and technology services, and is always on the lookout for service-oriented businesses that present a distinctive value proposition. More information is available at www.parthenoncapital.com.