Venture • Insurance

Five Elms Capital and Brookside Equity Partners Invest In SelectQuote

On January 1, 2008, growth capital firm Five Elms Capital and private equity firm Brookside Equity Partners invested in insurance company SelectQuote

Investment Context
  • This is Five Elms Capital’s 1st and Brookside Equity Partners’ 2nd transaction in the Insurance sector.
  • This is Five Elms Capital’s 2nd and Brookside Equity Partners’ 19th transaction in the United States.
  • This is Five Elms Capital’s 1st and Brookside Equity Partners’ 1st transaction in Kansas.
Investment Fate
  • SelectQuote went public in 2020.
  • SelectQuote was sold to a consortium of financial buyers in 2025.

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Investment Summary

Date January 1, 2008
Target SelectQuote
Sector Insurance
Investor(s) Five Elms Capital
Brookside Equity Partners
Deal Type Venture

Target Company

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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Investors Overview 2

Investor

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 Context for Investor #
Overall 3 of 31
Sector: Insurance 1 of 2
Type: Venture 1 of 19
State: Kansas 1 of 5
Country: United States 2 of 25
Year: 2008 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 Straive

Paranaque City, Philippines

Straive provides a comprehensive set of specialized services and technology solutions related to the creation, enrichment, and transformation of the published content. These services span a publisher's entire value chain, from author support and content development, through copy editing and typesetting, to digitalization, database management, and data analytics. Straive was founded in 1980 and is based in Paranaque City, Philippines.

Sell $159M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-01 Livewell Financial

Richmond, Virginia, United States

Livewell Financial, Inc. is a reverse mortgage lender focused on helping senior homeowners unlock equity in their homes. Livewell Financial was founded in 2005 and is based in Richmond, Virginia.

Buy -
Investor

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 Context for Investor #
Overall 19 of 38
Sector: Insurance 2 of 2
Type: Venture 2 of 2
State: Kansas 1 of 1
Country: United States 19 of 37
Year: 2008 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-01 BGSF

Plano, Texas, United States

BGSF provides staffing services to a variety of industries through its various divisions. BG Staffing is primarily a professional temporary staffing platform that has integrated several regional and national brands. BGSF was founded in 2007 and is based in Plano, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-30 Yellowstone Landscape

Bunnell, Florida, United States

Yellowstone Landscape is a provider of a variety of landscaping services to commercial, governmental and institutional customers located in the Southeastern United States and Texas. Yellowstone Landscape was founded in 2008 and is based in Bunnell, Florida.

Buy -