Tritium Partners LLC has launched a new acquisition platform targeting information and digital service companies. Jason Hogg, former CEO of Blackstone portfolio company B2R Finance, will serve as director and CEO.
AUSTIN, Texas–(BUSINESS WIRE)–Tritium Partners LLC, a leading growth-focused private equity firm, today announced a new acquisition platform targeting information and digital services companies to be led by former B2R Finance and Revolution Money CEO Jason Hogg. Hogg joins Tritium’s CEO Partners™ program, which was established by Tritium’s principals more than a decade ago to execute buy-and-build investment strategies in partnership with proven, high-caliber executives. Under this program, Hogg will serve as a Director and CEO of the new platform and will work side-by-side with Tritium to prioritize investment exploration areas and execute on acquisitions.
The focus of this information and digital services platform will be on enabling companies to benefit from more efficient interactions between businesses and consumers, and on vertically integrating customer interfaces to include targeting and segmentation, enriched data, and intelligent transaction capabilities.
Hogg, a seasoned growth executive and successful entrepreneur, was most recently CEO of Blackstone portfolio company B2R Finance, a loan origination and technology company he grew to over $1 billion of origination. Hogg led the company in its creation of a new asset class – multi-borrower single-family rental securitizations – and launched the mortgage industry’s first multi-borrower single-family rental securitization in March 2015. During his tenure, B2R won the Innovator of the Year award from REFI Financing Awards in February 2016 for its modular multi-tenant platform and received the CMBS Deal of the Year Award at GlobalCapital’s US Securitization 2015 Awards for offering the industry’s first multi-borrower rental property bonds.
“We are excited to be partnering with Jason to build a leading information services company,” said David Lack, Co-Founder and Managing Partner at Tritium. “Throughout his career, Jason has successfully built highly scalable businesses by pairing sophisticated technology solutions with data and analytics. He will have a big impact on the companies in which we invest and will connect well with founders and management teams given his unique track record of not only having led and scaled large organizations, but also having been an entrepreneur and founder himself.”
Prior to B2R Finance, Hogg was founder and CEO of Revolution Money, which grew to become the nation’s fifth largest card network, with industry leading security and fraud solutions before being acquired by American Express for $300 million. Following the acquisition, Hogg served as President of American Express Serve Enterprise, where he led the online, commerce, cyber security, and international platforms within the Enterprise Growth Group.
“This is a major initiative for Tritium Partners and I am honored to be receiving their financial commitment and support as a CEO Partner,” said Jason Hogg. “Tritium shares my passion for seeking companies where data, analytics and technology are being leveraged to provide differentiated business intelligence, workflow solutions and tech-enabled marketing offerings to customers.” The big differentiator, Hogg added, is having a cohesive approach that integrates multiple capabilities. “Everyone’s talking about ‘KYC’ (know your customer) while this is more about ‘UYC’ – understand your customer.”
Tritium’s investment in this new information and digital services platform comes from the Tritium I funds, the firm’s inaugural funds, which launched in 2014.
About Tritium Partners
Founded in 2013, Tritium Partners LLC is a private equity firm focused on buyouts of growth companies in the lower middle market. For over a decade, the founders of Tritium have deployed more than $700 million of equity capital as they partnered with talented founders and executives to build market-leading companies. Tritium’s approach emphasizes acquiring majority positions in profitable companies and creating long-term value through internal growth initiatives and acquisitions, with a focus on three core sectors: internet and information services, supply chain and logistics, and financial and business services. For more information, please visit www.tritiumpartners.com.