Abry Partners Recapitalizes Benefit Recovery Group

TowerBrook Acquires Majority Stake in Berkeley Research Group (BRG)

February 27, 2025

Consulting

TowerBrook Capital Partners has made a majority equity investment in Berkeley Research Group (BRG), a Washington, D.C.-based expert services and consulting firm. As part of the transaction, existing investor Endeavour Capital will exit, BRG's management team will remain in place under CEO Tri MacDonald, and a syndicate led by Royal Bank of Canada will provide committed financing.

Risk Strategies Acquires Benefit Design Group LLC

August 29, 2023

Insurance

Risk Strategies, a national specialty insurance brokerage, has acquired Benefit Design Group LLC (BDG), an independent Portland-based retail agency specializing in health, life and retirement solutions. The acquisition expands Risk Strategies' employee benefits capabilities and strengthens its presence in the Pacific Northwest; terms were not disclosed.

Thompson Street Capital Partners Recapitalizes Benefit Recovery Group

August 3, 2022

Healthcare Services

Thompson Street Capital Partners (TSCP) has made a growth investment/recapitalization in Benefit Recovery Group (BRG), a Memphis-based provider of health plan subrogation and compensation recovery services. The partnership will support BRG’s sales force expansion, rollout of additional services and M&A-driven growth; terms were not disclosed and Edgemont Partners acted as BRG’s exclusive financial advisor.

BRP Group Acquires The Capital Group

August 2, 2021

Financial Services

BRP Group, Inc. (NASDAQ: BRP) has acquired substantially all assets of TCG Financial Holding Company, LLC, which operates as The Capital Group, a Bethesda-based provider of employee benefits consulting, retirement plan consulting, wealth advisory and commercial insurance brokerage services. The transaction adds over 50 colleagues and deepens BRP Group's capabilities in employee benefits, wealth advisory and retirement consulting while increasing scale in the D.C. Metro region and key end markets such as government contracting, technology and non-profits.

Abry Partners Recapitalizes GreenPages Technology Solutions

December 11, 2020

IT Services

Boston-based private equity firm Abry Partners completed a recapitalization of GreenPages Technology Solutions, a hybrid cloud services provider and systems integrator. The recapitalization will provide capital to accelerate GreenPages’ organic growth, support M&A activity and expand its go-to-market for cloud, security, and managed IT services.

Benefit Resource (BRI) Acquires 121 Benefits

October 1, 2020

Professional Services

Benefit Resource, LLC (BRI) has acquired Minneapolis-based 121 Benefits, a provider of pre-tax benefits and COBRA administration services. The deal — BRI’s first acquisition since its 2019 strategic partnership with CIP Capital — strengthens BRI’s Midwest presence and gives 121 Benefits access to BRI’s administrative and payment technology.