Further Global Capital Management Acquires Majority Stake in Progeny

Cressey & Company and Sunstone Partners Make Growth Investment in ProgenyHealth

May 20, 2025

Healthcare Services

ProgenyHealth, a Plymouth Meeting, Pennsylvania–based leader in maternity and NICU care management, received a significant growth investment from Cressey & Company alongside existing investor Sunstone Partners. The capital and Cressey's healthcare expertise will support ProgenyHealth’s continued expansion of its tech-enabled maternity and NICU care management services and platform.

TowerBrook and Further Global Acquire ProSight Global, Inc.

August 4, 2021

Insurance

TowerBrook Capital Partners and Further Global Capital Management agreed to acquire ProSight Global, Inc. (NYSE: PROS) in an all-cash transaction valued at approximately $586 million, taking the specialty insurance company private. TowerBrook will hold a majority stake with Further Global as a minority co-investor; Jonathan Ritz was named CEO as the new owners seek to expand ProSight's underwriting capabilities and invest in talent and technology.

Constellation Wealth Capital Makes Strategic Minority Investment in Procyon Partners

April 17, 2025

Wealth Management

Constellation Wealth Capital acquired a minority stake in Procyon Partners to provide growth capital and strategic resources to help the RIA scale operations, attract talent, and expand its national footprint. Procyon Partners will remain independently operated and retains support from back‑office partner Dynasty Financial Partners; Houlihan Lokey and Dynasty Investment Bank advised on the transaction.

Summit Financial and Merchant Investment Management Acquire Stake in Genex Consulting

February 10, 2025

Wealth Management

Summit Financial, in collaboration with Merchant Investment Management, has acquired a minority stake in Genex Consulting, a $700 million multi-family office based in Kirkwood, Missouri. The investment gives Genex access to Summit’s advisor platform and resources (in-house attorneys, tax specialists, financial planners and investment strategists) to scale and expand its wealth management services while maintaining its independent, high-touch model.

Procyon Acquires OLV Investment Group

December 14, 2025

Financial Services

Procyon, an independent registered investment advisory firm and Dynasty network partner headquartered in Shelton, Connecticut, has acquired OLV Investment Group, adding approximately $500 million in assets under management. The deal brings seven financial advisors and roughly 13 support staff onto Procyon’s platform, expanding the firm’s geographic footprint into Michigan and Texas and lifting Procyon’s AUM to nearly $9 billion.

Generational Group Backs Management Buyout of Precocity

February 1, 2022

IT Services

Generational Group has backed a management-led buyout of Dallas-based tech consulting firm Precocity, finalizing the transaction with Precocity's parent company, Chenega Corporation, on February 1, 2022. The acquisition brings software engineering, data science/AI, cloud and UX capabilities into Generational's advisory platform to expand its technology services offering.