The Vistria Group, Century Equity Partners and Flores & Associates Announce Strategic Partnership
Summary
As part of the transaction, Century Equity Partners and The Vistria Group will each hold equal ownership in the Company and continue to back the current management team, led by Gary Trainor and Jody Oliver. We look forward to partnering with them for their next phase of growth," says Boris Rapoport, Partner and Co-Head of Financial Services at The Vistria Group.The rising cost of healthcare, the growing demand from employees for more benefit options, better decision support and ease of use, as well as the responsibility for benefits election increasingly borne by employees, have driven the need for consumer facing platforms that assist in complex account administration processes. We look forward to continuing our relationship with the team and working with The Vistria Group to take the business to the next level," says Chris Lalonde, Partner at Century Equity Partners.William Blair acted as exclusive financial advisor to Flores & Associates on the transaction. The Vistria Group works as a true partner with its portfolio companies, drawing on its deep sector knowledge, operational expertise, unique network, diverse team, and impact orientation to achieve transformational growth. With over $8 billion in AUM, The Vistria Group believes it has delivered attractive returns for its investors while achieving positive outcomes for its portfolio companies, and the lives and livelihoods it supports.