BHMS Invests in Staff Boom
BHMS Investments, LP, through affiliated funds ("BHMS"), completed an investment in Staff Boom, LLC ("Staff Boom" or the "Company"). Founded in 2016, Staff Boom provides business process outsourced solutions, primarily to the insurance industry, in a variety of disciplines including back office support, customer service, marketing as well as a myriad of customized options. The Company's customers include leading retail brokerage agencies, wholesale brokers, managing general agencies, insurance carriers and claims administrators.
The investment in Staff Boom furthers BHMS' track record within the insurance industry, having served as the first institutional investor in three retail brokers: The Hilb Group (2011 ? 2015), PCF Insurance Services (2017 ? 2020) and currently with Inszone Insurance Services. In addition, BHMS is also an active investor in Diversified Risk Holdings, a leading managing general agency.
Anthony S. Recine, Managing Director of BHMS, said, "We are very excited to partner with a dynamic company such as Staff Boom. The broader insurance industry continues to be a very attractive sector for us and the partnership with Staff Boom provides a new avenue to utilize our firm's knowledge base and relationship set. The Company has demonstrated significant organic growth and we look forward to working with the team to continue Staff Boom's upward trajectory."
About Staff Boom:
Founded in 2016 and headquartered in Anaheim, California, Staff Boom provides customized business process outsourced solutions to a wide variety of customers within the insurance industry. Additional information can be found at www.staffboom.com.
About BHMS:
BHMS Investments, LP is a private investment firm focused on the North American middle market. The firm was founded in 2010 and is based in Westport, Connecticut. BHMS invests in a wide variety of control and structured equity opportunities ranging from consolidation strategies to conventional leveraged buyouts. The firm focuses on industries in which it has deep experience and relationships including Business & Insurance Services. BHMS is currently deploying capital from its most recent fund, which it closed in January 2021. Additional information can be found at www.bhmsinvestments.com.
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