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
- Industry
- Wealth Management
- Location
- Illinois, United States
- Transaction Type
- Recapitalization
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