CIVC Partners, previously known as Continental Illinois Venture Corporation, is a
Chicago
(''City in a Garden''); I Will
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-based private equity firm that presently has over $1.8 billion of equity capital under management. The firm's predecessor was established in 1970 as a subsidiary of
Continental Illinois National Bank and Trust Company
The Continental Illinois National Bank and Trust Company was at one time the seventh-largest commercial bank in the United States as measured by deposits, with approximately $40 billion in assets. In 1984, Continental Illinois became the largest ...
. CIVC Partners provides growth and buyout capital to middle-market companies engaged in business services, utility and infrastructure services, facility services, transportation & logistics, outsourced services, environmental services, IT services, software & tech-enabled services, insurance services, compliance and risk management, digital marketing services and financial technology.
When Continental Illinois was acquired in 1994 by
Bank of America
The Bank of America Corporation (often abbreviated BofA or BoA) is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina. The bank w ...
, the CIVC team formed a semi-independent private equity firm, CIVC Partners, with backing from Bank of America. Today, CIVC is an independent middle-market
private equity firm
A private equity firm is an investment management company that provides financial backing and makes investments in the private equity of startup or operating companies through a variety of loosely affiliated investment strategies including leve ...
with a diverse group of L.P. investors, and recently raised its sixth fund.
CIVC's major past and present investments include: Crest Insurance Group, a leading insurance brokerage; Magna Legal Services, a legal support services firm; KPA, an EHS compliance management software company; The Brickman Group, a commercial landscaping company; Thermo Fluids, an environmental services company; Stoneridge Insurance Brokers, an insurance brokerage and managing general agent; EN Engineering, a utility/power/energy focused engineering company; PowerTeam Services, a provider of infrastructure services to the gas and electric utility industry; Ground Penetrating Radar Systems (GPRS), a nationwide provider of private utility locating and concrete scanning services;
LA Fitness
LA Fitness (doing business as LA Fitness International LLC) is an American gym chain with more than 700 clubs across the United States and Canada. The company was formed in 1984 and is based in Irvine, California.
History
LA Fitness was founde ...
, a leading operating of full service fitness clubs throughout the US; and
Wintrust Financial Corporation, a regional bank holding company.
References
www.civc.com
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External links
www.civc.com (company website)
Financial services companies established in 1970
Private equity firms of the United States
Investment banking private equity groups
Companies based in Chicago
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