DIMONT Announces Strategic Investment from Renovo Capital
Summary
DALLAS--(BUSINESS WIRE)--DIMONT, a leading provider of specialty insurance and loan administration solutions to the residential and commercial financial services industries, announced an investment from Renovo Capital, a Dallas-based private equity fund. “DIMONT is a strong, longstanding business in a dynamic and growing sector and we are excited to partner with Denis Brosnan and the management team to support the company’s continued efforts toward product innovation and service expansions,” said David Hull, managing partner at Renovo Capital. In connection with this transaction, Brosnan agreed to a new five-year contract to continue his role as president and chief executive officer of DIMONT. Brosnan said of the promotions, “These professionals are experts in their fields with extensive industry experience and a deep commitment to outstanding service. Founded in 1996, Dallas-based DIMONT provides outstanding service through specialty insurance and loan administration solutions to the residential and commercial financial industries in the United States.