Brentwood Capital Advisors Served as Exclusive Financial Advisor to Connecture, Inc.
Brentwood Capital Advisors (“BCA”) is pleased to announce that it served as the exclusive financial advisor to Connecture, Inc. (“Connecture” or the “Company”) and its affiliated entities in its recently completed acquisition by N. Harris Computer Corporation (“Harris”). Connecture is a portfolio company of Francisco Partners, a leading private equity firm focused exclusively on investments in technology and technology-enabled services businesses.
Headquartered in Milwaukee, Wisconsin, Connecture is a recognized leader in web-based Medicare shopping and enrollment and drug comparison tools serving payers, brokers, PBMs and the government. Connecture’s PlanCompare product is the industry’s most widely adopted Medicare enrollment solution.
“BCA, our exclusive financial advisor, played a critical role in managing a competitive process that maximized shareholder value and ultimately resulted in a transaction with the right strategic partner for the company and Connecture’s customers. This represents our second closed transaction with BCA in 2019, and we are thrilled with the outcomes of both processes,” stated Kraig McEwen, Executive Chairman of Connecture prior to closing.
“With its market leading position within a growing segment of healthcare and blue-chip customer base, Connecture represented a unique HCIT asset for potential buyers,” stated John Kibler, Managing Director at BCA. “We had the pleasure of representing Connecture on two successful transactions this year and are pleased to have found a new partner in Harris that has such a strong-track record of successfully integrating and growing healthcare companies”.
About Brentwood Capital Advisors Based in Franklin, Tennessee,
Brentwood Capital Advisors is one of the South’s leading boutique investment banks, providing mergers and acquisitions and capital raising advice to privately-held, middle-market healthcare, technology and tech-enabled and outsourced services companies. BCA has served as exclusive financial advisor on transactions totaling approximately $6.5 billion in value in these sectors. Founded in 1999, the firm is partner-owned and has 22 investment banking professionals. For more information, please visit www.brentwoodcapital.com.
About Connecture, Inc.
Provider of a web-based sales, service and process automation platform designed to streamline health insurance distribution. Connecture’s process automation platform offers a personalized health insurance shopping experience that recommends the best fit insurance plan based on an individual’s preferences, health status, preferred providers, medications and expected out-of-pocket costs. The Company’s solutions enable insurance marketplace operators to distribute health insurance in a cost-effective manner.
About N. Harris Computer Corporation
A wholly owned subsidiary of Constellation Software Inc. (TSX: CSU) that provides mission critical software solutions for the Public Sector, Healthcare, Utilities and Private Sector verticals throughout North America, Europe, Asia and Australia.