Embark, a leading management and financial consulting firm, announces it has entered into a strategic partnership with Parthenon Capital, a premier growth-focused private equity firm. This investment marks a significant milestone for Embark, providing the resources and strategic support to accelerate its mission of delivering innovative solutions to executive leaders and their teams.
Felice Gorordo, CEO of Embark, shared, “We are incredibly excited and proud to partner with Parthenon Capital. Parthenon’s investment will enhance Embark’s existing service offerings for our clients, accelerate our growth both organically and through acquisition, and further our commitment to our people. In Parthenon, we have found a partner that is strongly aligned with our shared values and vision for an unwavering focus on people, unmatched customer satisfaction, and delivering high-value, cutting-edge solutions.”
Parthenon Capital, with over $10 billion in capital commitments, is a leading private equity firm with a long track record of partnering with founders and management teams to build franchise companies in the financial services sector, with particular expertise in professional services and human capital-driven business models. The firm takes a research-driven approach to specific industry sectors and first identified Embark through a multi-year deep-dive focused on advisory services and technology shaping the future of the Office of the CFO.
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“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,” said Andrew Dodson, Managing Partner at Parthenon Capital. “Embark’s client-centric culture and innovative approach set them apart, and we look forward to supporting their continued growth and expansion.”
Tom Hough, Principal with Parthenon Capital, continued, “Since we first had the chance to meet the Embark team, we have been continually impressed with their differentiated focus on their people and delivering world-class solutions to their clients. We are excited to continue their investments in technology, develop additional capabilities to serve their clients, and support their unique culture which truly sets the company apart.”
Parthenon‘s investment will enable Embark to expand its technology capabilities, with a particular focus on advancements in automation and artificial intelligence within the office of the CFO. The partnership will also support attracting and developing top talent, as well as pursuing new strategic opportunities. These efforts are designed to better serve clients across financial advisory, business transformation, deal advisory, outsourced accounting, and other key advisory service offerings.
SOURCE: PRNewswire