Abry Partners Makes Significant Investment in Millennium Trust

January 4, 2019

Abry Partners has signed a definitive agreement to make a significant investment in Millennium Trust Company, a technology‑enabled provider of retirement and custody services headquartered in Oak Brook, Illinois. Parthenon Capital Partners will sell a controlling stake to Abry but will retain a minority ownership and remain on Millennium Trust’s board; the transaction is subject to customary conditions and regulatory approvals, including approval from the Illinois Department of Financial and Professional Regulation.

Buyers
Abry Partners
Targets
Millennium Trust Company
Sellers
Parthenon Capital Partners
Location
Illinois, United States
Transaction Type
Recapitalization

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