Parthenon promotes one to partner and another to principal

Parthenon Capital has promoted Kurt Brumme to partner and Tom Hough to principal.

Parthenon Capital has promoted Kurt Brumme to partner and Tom Hough to principal. Brumme joined Parthenon in 2012 while Hough came on board in 2013.

PRESS RELEASE

BOSTON, MA — Parthenon Capital (Parthenon) is pleased to announce the promotion of Kurt Brumme to partner and Tom Hough to principal.

Kurt joined Parthenon in 2012 and is responsible for sourcing and executing new healthcare investments and working with those portfolio companies. Prior to joining Parthenon, Kurt was an operator at Grupo Qualicorp, a Brazilian healthcare broker and benefits administrator. Prior to Qualicorp, he was an investment professional at General Atlantic and a sponsor coverage banker at Morgan Stanley. Kurt earned a B.A from Williams College and an M.B.A. from Harvard Business School.

“During Kurt’s almost ten years at Parthenon Capital, he has consistently demonstrated excellence in highly sought-after subsectors of healthcare including pharma services, pharmacy technology and payor solutions,” said Dave Ament, Co-CEO & Managing Partner. “His approach has resulted in deep partnerships with our executive teams and outstanding results for our investors. Kurt has played a significant role in a number of our investments including Bracket Global, Trinity Partners and Zelis. We are proud to promote him to partner.”

Tom Hough joined Parthenon in 2013 as an associate and sources and executes new transactions in payment and fintech sectors and working with those portfolio companies. Prior to joining Parthenon, Tom served as an analyst at BlackArch Partners, a middle-market investment banking firm, where he was involved in executing M&A transactions across a variety of industries. Tom holds an M.S. and a B.S. from Wake Forest University.

“Tom has been a stellar contributor at Parthenon over the last eight years and has developed significant domain expertise in core Parthenon payment and fintech sectors” said Brian Golson, Co-CEO & Managing Partner. “His hard work and entrepreneurial drive has resulted in substantial contributions to numerous investments including Cayan, BlueSnap and Zelis. Tom has a particular knack for identifying up and coming trends and companies taking advantage of those trends. We look forward to working with Tom for many years to come.”

In addition, a number of new team members joined Parthenon in 2020 as the firm continues to grow and add resources. Joe Taveira joined as Chief Financial Officer, having previously been Chief Financial Officer and Chief Operating Officer at Hancock Capital Management. Other new hires include associates Eric Arnett, Alexis Lin, Dakota Plesa and Victor Vandekerckhove and analysts Alex Markkanen and Muhammad Murtaza. “While Covid-19 has created unusual circumstances and new set of challenges, we continue to execute our core strategy of making investments and transforming growth business in financial services, healthcare services and business services sectors” said Andrew Dodson, Managing Partner. “We are excited about the talent and capabilities we’ve added in the last year and our abilities to be thoughtful and value-added partners.”

ABOUT PARTHENON CAPITAL
Parthenon Capital is a leading growth-oriented private equity firm with offices in Boston, San Francisco and Austin. Parthenon utilizes niche industry expertise and a deep execution team to invest in growth companies in service and technology industries. Parthenon seeks to be an active and aligned partner to management, either through recapitalization transactions or by backing new executives. Parthenon has particular expertise in financial and insurance services healthcare, and technology services, but seeks any service, technology or delivery business with a strong value proposition and proprietary know-how. For more information, visit www.parthenoncapital.com.