CIVC Building Risk Management Platform

CIVC Partners’ portfolio company KPA has acquired Succeed Management Solutions, a provider of web-based risk management and safety software for the insurance market. This is the third add-on acquisition that CIVC has completed since it acquired KPA in September 2014.

Succeed’s software products are used by insurance agencies, brokers, insurers, associations, and risk retention groups to improve risk management, loss control, and compliance results for their policyholders. In addition, 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 company’s software assists with all aspects of a company’s insurance risk management and safety responsibilities including Certificate of Insurance tracking, Job Hazard Analysis management, Job Description building, Incident Tracking, employee Training Tracking, and Safety Data Sheets management. Succeed is based in the Portland suburb of Lake Oswego, OR (www.succeedms.com).

KPA is a provider of environmental, health, and safety (EHS) compliance software and human resources management systems (HRMS). The company’s EHS systems provide compliance, online training, and field audit services to improve customer’s regulatory compliance, risk management, and loss control processes. KPA’s HRMS platform automates human resource activities, training, and compliance. KPA is led by CEO Vane Clayton and is based near Boulder in Lafayette, CO (www.kpaonline.com).

According to KPA, the buy of Succeed is a complementary acquisition that enhances KPA’s existing environmental, health and safety software offering; and provides entry into the growing insurance channel. “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,” said Mr. Clayton.

“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 and founder of Succeed.

CIVC invests from $15 million to $85 million in middle market companies that have at least $5 million of EBITDA.  Sectors of interest include business services and financial services. CIVC currently manages over $1.5 billion in capital and is investing out of CIVC Partners Fund V. The firm is based in Chicago (www.civc.com).

© 2016 Private Equity Professional | December 8, 2016