KPA, a portfolio company of CIVC Partners LP, has acquired Succeed Management Solutions. Financial terms weren’t announced. Succeed Management provides web-based risk management and safety software for the insurance market.
CHICAGO, IL–(Marketwired – December 05, 2016) – CIVC Partners, LP (“CIVC”), a Chicago-based middle market private equity firm, is pleased to announce that its portfolio company, KPA, has acquired Succeed Management Solutions (“Succeed”), a leading provider of web-based risk management and safety software for the insurance market. Succeed represents the third acquisition completed by KPA under CIVC’s ownership.
Succeed serves the majority of the top 100 insurance brokers who utilize its Software-as-a-Service platform to improve risk management, loss control, and compliance results for their policyholders. Thousands of organizations use the Succeed Risk Management Center to implement web-accessible employee safety training and management programs to lower the frequency and severity of claims. “The new partnership with KPA and CIVC gives us additional capital and a broader set of products and services, enabling us to better serve our clients and further accelerate our growth,” said Curt Shaw, CEO of Succeed.
Succeed represents a highly complementary acquisition for KPA that enhances KPA’s existing environmental, health and safety software offering, provides entry into the attractive, growing insurance channel, and broadens the set of compliance solutions available to clients of both companies. In addition to KPA’s EHS software and onsite audit expertise, KPA also provides HR management software which will enhance Succeed’s Risk Management Center, providing additional hiring and workforce compliance content. Vane Clayton, CEO of KPA, said that “Succeed is a great complement to KPA’s existing product offerings and enables us to access new markets and better serve our clients through an expanded compliance platform. We look forward to working with Curt and the Succeed team to deliver innovative compliance solutions for our clients.”
About KPA, LLC
KPA delivers Environmental Health & Safety, HR Management, and Sales & Finance Compliance programs to over 6,500 clients helping them achieve regulatory compliance, control risk, protect their assets, and effectively manage people through a combination of intuitive software, interactive training, and onsite compliance audit services. To learn more, visit www.kpaonline.com.
About CIVC Partners, LP
CIVC Partners is a Chicago-based private equity firm investing in high growth middle market companies in the business services and financial services sectors. Since 1989, the team has invested $1.5 billion in 59 platform companies and currently invests from CIVC Partners Fund V. More information on CIVC Partners and its portfolio companies can be found at www.civc.com. If you have an opportunity that might be an appropriate add-on acquisition candidate for KPA, please contact Scott Schwartz (312-873-7345, firstname.lastname@example.org) or Doug Potters (312-873-7355, email@example.com).