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Embark Partners with Parthenon Capital for Strategic Growth

Embark, a prominent name in management and financial consulting, has made a monumental step forward by securing a strategic partnership with Parthenon Capital, a leading growth-oriented investment firm. This collaboration is designed to significantly bolster Embark's expansion in the market, particularly in delivering innovative solutions to executive leaders and their teams.

Excitement in Leadership

Felice Gorordo, the CEO of Embark, expressed his enthusiasm about this new partnership, stating, "We are incredibly excited and proud to partner with Parthenon Capital. This investment will enhance Embark's existing services for our clients and accelerate our growth both organically and through acquisitions. We have found a partner in Parthenon who aligns perfectly with our shared values and vision of an unwavering focus on people and unparalleled customer satisfaction."

A Strong Investment Background

Parthenon Capital boasts a remarkable $10 billion in capital commitments and has a proven track record of collaborating with founders and management teams to build franchise businesses, particularly in the financial services sector. They utilize a research-driven approach to identify growth opportunities in specific industries, which led them to Embark after several years of in-depth analysis on advisory services and the technology shaping the future of CFO offices.

Andrew Dodson, Managing Partner at Parthenon Capital, remarked, "We have followed Embark's impressive journey for years and are thrilled to partner with a true disruptor in the advisory and financial consulting industry. Embark’s customer-centric culture and innovative approach set them apart, and we look forward to supporting their continued growth and expansion."

Tom Hough, Principal at Parthenon Capital, reinforced this sentiment, stating, "Since our first interactions with the Embark team, we have been continuously impressed by their unique focus on people and their commitment to delivering world-class solutions for their clients. We are excited to support their technology investments and enhance their capabilities further to serve clients effectively."

Technological Advancements and Talent Development

The strategic investment from Parthenon enables Embark to broaden its technological capabilities, particularly in automation and artificial intelligence within CFO offices. This partnership will not only facilitate attracting and developing top-tier talent but also pursue new strategic opportunities to serve clients better in critical areas such as financial advisory, business transformation, transaction consulting, outsourced accounting, and other key consulting services.

Paul Allen, founder of Embark, will continue to serve as the Chairman of the Board and retain a significant stake in the company while leading the Board's People and Culture Committee. Allen shared, "We couldn’t be more excited to partner with Parthenon Capital. As we grow, our focus on culture and people will only deepen with the support from Parthenon."

Seizing Market Opportunities

With a target market exceeding $80 billion and an increasing demand for technology-enabled solutions, Embark's unique model and strong customer satisfaction position the company to capitalize on industry trends and assist clients in a rapidly changing business environment.

Guggenheim Securities, LLC has served as the exclusive financial advisor, while Perkins Coie LLP has acted as Embark’s legal advisor. For Parthenon, Kirkland & Ellis LLP has provided legal counsel.

About Embark

Embark is a business consulting firm dedicated to transforming complex issues into clear solutions. It enables CFOs and business leaders to navigate challenges and achieve their goals through financial advisory, business transformation, transaction consulting, outsourcing, and tailored solutions. Operating in 26 strategic markets, Embark leverages its expertise to deliver personalized services nationwide while fostering a culture where "happy works."

For more details, visit Embark's website.

About Parthenon Capital

Parthenon Capital is a leading growth-oriented private equity firm with offices in Boston, San Francisco, and Austin. It invests in growing companies in the services and technology sectors, adopting a niche-focused approach and leveraging a deep execution team. Parthenon aims to be a proactive and aligned partner with management through recapitalization transactions or by supporting new executives.

To learn more, visit Parthenon Capital's website.