DFW Capital Partners announced today that it has led the acquisition of a controlling interest in Venio. DFW completed this investment, in part, with funds from its most recent private equity fund, DFW Capital Partners III L.P.
Headquartered in New York City, Venio is a leading provider of asset recovery services, specializing in uniting heirs with unclaimed assets held by banks, corporations, and mutual fund companies. The Company is retained by these institutions to locate owners of dormant accounts and return unclaimed assets, which would have otherwise been escheated to state governments, to their rightful heirs. Venio is composed of three separate operating companies, Jaisan LLC, SMS Group, LLC and SMS-VISS, LLC and services over 400 banks, individual companies, transfer agents and mutual fund companies. For over 30 years, the Company has pioneered proprietary research and tracking technology for locating missing account holders and shareholders.
DFW collaborated on the investment with Michael O’Donnell, who has previously run two DFW portfolio companies. Mr. O’Donnell will become CEO of the Company and will lead the Venio management team in implementing the strategic growth plan.
Joining DFW in the ARC investment is Praesidian Capital.
About DFW Capital Partners
DFW Capital Partners is a private equity investment firm focused on lower middle-market companies. The firm concentrates on service companies, with an emphasis on healthcare and outsourced business and industrial support services. DFW is backed by both institutional and high-net worth individual investors, and has established a 20+ year track record of success in both building leading companies, and recognizing top-quartile returns for its investors. DFW is headquartered in Teaneck, NJ, and maintains an office in Washington, D.C. For more information contact Keith Pennell, General Partner, at (201) 836-6000.