Location: Columbus, OH
Investment Year: 2012
Website: www.broadstreetcorp.com

Business Description

BroadStreet Partners is a diversified commercial and personal insurance brokerage business. The company has a unique acquisition strategy through which they acquire a majority interest in “core” agencies, allowing the agency management team to maintain an equity interest in the business post-transaction. This strategy creates a long term incentive for agency level management to increase the value of the agency.

Century Investment Thesis 

Opportunity to drive growth through acquisitions using the BroadStreet platform in a large and fragmented market. Sellers retain a significant equity in the business and choose to remain with BroadStreet and build equity in the new business.

Century Value Add

• Refining M&A strategy
• Facilitating M&A activity
• Due diligence acquisition targets
• Capital structure optimization

Location: Atlanta, GA
Investment Year: 2014
Website: www.brightclaim.com

Business Description

BrightClaim is a national provider of outsourced insurance property claims services. BrightClaim provides insurance carriers with a suite of services for managing daily and catastrophe claims, including claims adjusting, TPA services, and contents pricing services. Also BrightClaim manages a nationwide network of contractors and offer carriers a direct repair program.

Century Investment Thesis 

Significant market fragmentation creates opportunity for consolidation.

Century Value Add

• Service offering strategy
• Facilitating M&A activity
• Margin optimization

Location: Boca Raton, FL
Investment Year: 2014
Website: www.clientfirstfunding.com

Business Description

Client First is a purchaser of court ordered specialty finance receivables, providing lump sum payments to individuals to satisfy their need for liquidity in exchange for the rights to the long-term periodic payments provided by structured settlements and lottery winnings. The Company leverages its database to identify individually held payment streams and focuses on providing subsequent deals with repeat sellers.

Century Investment Thesis 

The structured settlement industry is large and fragmented with significant greenfield opportunity.

Century Value Add

• Senior management hires
• Capital structure optimization
• Introductions to new carriers / issuers of structured settlements

Location: Marlton, NJ
Investment Year: 2016
Website: www.connerstrong.com

Business Description

Conner Strong & Buckelew is an insurance, risk management and employee benefits brokerage and consulting firm.

Century Investment Thesis

Opportunity to supplement Conner Strong’s demonstrated ability to generate above market organic growth through the implementation of a targeted acquisition initiative.

Century Value Add

i. Facilitating M&A activity
ii. Significant experience investing in insurance brokers

Location: Birmingham, AL
Investment Year: 2014
Website: www.directpathhealth.com

Business Description

DirectPath is a strategic employee engagement and healthcare compliance provider for Fortune 1000 employers. Its customers experience positive returns on their benefits investments through increased employee participation, management of the evolving regulatory environment, and reduced benefits cost through patented technology and benefits domain expertise.

Century Investment Thesis 

Healthcare insurance complexity has increased dramatically, requiring greater education to and engagement from employees and additional compliance support to human resources staffs.

Century Value Add

• Introductions to new distribution relationships
• Sourcing and facilitating accretive M&A
• Expanding service offering

Location: Charlotte, NC
Investment Year: 2015
Website: www.flores-associates.com

Business Description

Flores & Associates is a national administrator of consumer direct benefits plans, compliance services, and billing services for employers. Through leveraging proprietary technology and well trained and tenured staff, the company has positioned itself as a high quality administrator with fast and reliable communication and response times.

Century Investment Thesis 

The U.S. under age 65 private health insurance market consists of approximately 175 million people and ACA is widely expected to expand coverage among the 47 million uninsured Americans.

Century Value Add

• Introductions to new healthcare payors, brokers and consultants
• Technology and infrastructure investments

Location: Wayne, PA
Investment Year: 2015
Website: www.mcbeeassociates.com 

Business Description

McBee is an independent healthcare outsourced services and financial consulting firm serving home health agencies, long term care facilities, hospice care centers, hospitals and health systems. McBee is focused on providing outsourced nurse chart review, billing, cash collection, revenue cycle turnaround, data mining and analysis and other ancillary outsourced services to these acute and post-acute providers.

Century Investment Thesis 

Aging population and increased complexity for post-acute care and a push to increase home health services for the aging population and the complexity for home health agencies and hospitals to navigate the shift to further integration and bundled payments (e.g., ACOs).

Century Value Add

• Introductions to acute-care providers through other Century portfolio companies
• Relationships with private payers
• Acquisition sourcing and diligence

Location: Orlando, FL
Investment Year: 2012
Website: www.patientmatters.com

Business Description

PatientMatters provides a technology-enabled, managed services offering that assists healthcare providers with the identification and management of the self-pay portion of accounts receivable. The company provides a solution for healthcare institutions that are struggling to address the dramatic change in the composition of their accounts receivable caused by the shift to high deductible health plans and higher co-payments.

Century Investment Thesis 

Self-pay, personal deductibles and balance after insurance are growing problems for healthcare providers as payers continue to shift costs towards consumers leading to a fast-growing bad debt problem.

Century Value Add

• Acquisition sourcing and diligence
• Service offering strategy
• Technology and infrastructure investments

Location: Charlotte, NC
Investment Year: 2014
Website: www.precisionlender.com

Business Description

PrecisionLender is a provider of a hosted solution that helps banks optimize loan pricing, profitability and portfolio construction. PrecisionLender assists loan officers in developing real-time solutions to more effectively manage the bank’s commercial loan pricing strategies and process.

Century Investment Thesis 

There is a substantial greenfield opportunity in the commercial loan pricing segment, as the vast majority of financial institutions rely on either word of mouth or internally built excel spreadsheets to price commercial loans.

Century Value Add

• Introductions to lending financial institutions
• Marketing plan formulation
• Access to non-traditional distribution channels

Location: Tampa, FL
Investment Year: 2014
Website: www.prioritycaresolutions.com

Business Description

Priority Care Solutions is a fully-integrated, national specialty managed care services and network provider for the Workers’ Compensation industry. The company coordinates all services across the post-acute care continuum through a single point of contact to maximize its clients’ operational efficiencies, minimize their claims costs and optimize health outcomes for their injured workers.

Century Investment Thesis 

Consolidation in the ancillary workers’ compensation service provider landscape has created a significant decrease in service levels which has reduced vendor options for payors.

Century Value Add

• Introductions to new carriers, TPAs, brokers and self-insureds
• Acquisition sourcing and diligence