Renovo Capital Invests in DIMONT

Renovo Capital Invests in DIMONT

dimont nf1Renovo Capital has made an investment in DIMONT, a provider of insurance and loan services to residential and commercial financial companies.

Dimont provides insurance claims and recoveries, specialty hazard insurance consulting, and loan administrations services. Specific services include residential, commercial, and multi-family hazard insurance claims management, mortgage insurance processing, compliance, training, and audit services. Customers include mortgage servicers and government sponsored entities across the United States. The company is led by Denis Brosnan, its president and chief executive officer. DIMONT was founded in 1996 by Bernie Dimont and is based in Dallas (

DIMONT was acquired by Wingspan Portfolio Advisors in May 2013. In October 2014, Dimont was spun out of Wingspan – as a result of operating difficulties – through a recapitalization led by THL Credit, an existing mezzanine lender to DIMONT.

Denis Brosnan nf1In connection with the buy of the company by Renovo, Mr. Brosnan has agreed to a new five-year contract to continue his role as president and chief executive officer. “I am excited by the opportunity and humbled by the confidence entrusted in me and my team by our investors to lead the company into this new era,” said Mr. Brosnan.

renovo nf1Renovo Capital makes control equity investments in lower middle market businesses that are experiencing operational underperformance and financial distress.  Renovo typically invests from $5 million to $25 million of equity capital in businesses with annual revenues between $20 million and $200 million. Sectors of interest include manufacturing, distribution, and services. Renovo was founded in 2009 and is based in Dallas with an additional office in Denver (

david hull nf1“DIMONT is a strong, longstanding business in a dynamic and growing sector and we are excited to partner with Denis Brosnan and his management team to support the company’s continued efforts toward product innovation and service expansions,” said David Hull, managing partner at Renovo Capital.

Renovo Capital closed its second special situations fund, Renovo Capital Fund II, LP, in September 2014 with $132 million committed capital.

© 2016 Private Equity Professional • Private Equity’s Leading News Magazine • 3-15-16

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