Investment Summary

Five Elms Capital and Brookside Equity Partners Exits SelectQuote

On May 21, 2020, invested in insurance company SelectQuote from Five Elms Capital and Brookside Equity Partners

Investment Highlights
  • This is transaction in the Insurance sector.
  • This is transaction in the United States.
  • This is transaction in Kansas.
Investment Fate
  • SelectQuote was sold to a consortium of financial buyers in 2025.

Investment Summary

Date 2020-05-21
Target SelectQuote
Sector Insurance
Sellers(s) Five Elms Capital
Brookside Equity Partners
Deal Type IPO

Target

SelectQuote

Overland Park, Kansas, United States
SelectQuote is a term life insurance sales company that offers auto and home insurance. The company offers engagement points for consumers across insurance, Medicare, pharmacy, and value-based care, and now has three core business lines: SelectQuote Senior, SelectQuote Healthcare Services, and SelectQuote Life. SelectQuote Healthcare Services is comprised of the SelectRx Pharmacy, a Patient-Centered Pharmacy Home (PCPH) accredited pharmacy, SelectPatient Management, a provider of chronic care management services, and Healthcare Select which proactively connects consumers with a wide breadth of healthcare services supporting their needs. SelectQuote was founded in 1985 and is based in Overland Park, Kansas.

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Seller(S) 2

SELLER

Five Elms Capital

Kansas City, Missouri, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2006
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Five Elms Capital is a private investment firm focused on investing in and partnering with founder-owned bootstrapped business services companies. The Firm will consider providing growth capital or to support shareholder liquidity needs. The Firm typically looks to invest $15 to $150 million of equity capital per transaction. Five Elms Capital was formed in 2006 and is based in Kansas City, Missouri.


DEAL STATS #
Overall 8 of 18
Sector: Insurance M&A 1 of 1
Type: IPO M&A Deals 1 of 1
State: Kansas M&A 2 of 4
Country: United States M&A 7 of 15
Year: 2020 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-03 SingleOps

Atlanta, Georgia, United States

SingleOps is a provider of field services solutions for the green industry. SingleOps offers Client relationship management, estimates, proposals, job-site mapping , invoicing & payments. SingleOps was founded in 2013 and is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-04 Service Fusion

Irving, Texas, United States

Service Fusion is a provider of field management solutions for home service providers that combine lightning-fast work order entry, intelligent scheduling and dispatching, instant invoicing, integrated payments, and advanced reporting with real-time communication via field worker and customer mobile applications. FSM Technologies was founded in 2014 and is based in Irving, Texas.

Sell -
SELLER

Brookside Equity Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1977
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Brookside Equity Partners (BEP) focuses on private equity investments, including direct control investments, majority or minority co-investments alongside other investment firms, and, on a selective basis, investments in private funds or special situations. BEP targets North American middle-market companies with revenues greater than $15 million and at least $5 million of EBITDA. Sectors of interest include manufacturing, chemicals, financial services, environmental, food, and distribution. Brookside Equity Partners was formed in 1977 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 28 of 29
Sector: Insurance M&A 2 of 2
Type: IPO M&A Deals 4 of 5
State: Kansas M&A 1 of 1
Country: United States M&A 28 of 29
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-18 ENTRUST Solutions

Warrenville, Illinois, United States

ENTRUST Solutions is an outsourced provider of comprehensive design, engineering, and consulting services to utilities in the U.S. ENTRUST Solutions offers customers a full spectrum of services with expertise in gas and electric distribution, pipeline infrastructure, automation systems, and integrity management solutions. ENTRUST Solutions is based in Warrenville, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-01 Greenix Pest Control

Orem, Utah, United States

Greenix Pest Control provides a full range of in-home and exterior services that address general pests, ticks, fleas, mosquitoes, and rodents, among others, typically through service contracts that provide quarterly or monthly treatments. Greenix Pest Control was founded in 2011 and is based in Orem, Utah.

Buy -