San Francisco, California and Laguna Beach, California - July 29, 2020 – Housatonic Partners, a growth-oriented private equity firm focused on investing in recurring services and technology companies, today announced an investment in Enrollment123 Inc., a leading provider of software to the healthcare insurance industry.
Founded over 15 years ago by brothers David Jaeger and Steven Jaeger, Enrollment123 provides a robust back office platform enabling independent sales organizations to manage their business, agents, and customers. Over the past two decades, the Company has developed a loyal following among independent health insurance agents, field marketing organizations, third party administrators, call centers, direct marketing organizations, and managing general agents. Enrollment123’s solution helps clients grow their businesses – enabling clients to enroll new customers, track and manage sales agents & sales commissions, and handle customer billing and communications, among other features.
Housatonic is investing in partnership with both David and Steven Jaeger, as well as incoming operating executives Fred Studier, Brendan McLoughlin, and Joe Siedel, who will be partnering with Housatonic for the second time. Messrs. Studier, McLoughlin, and Siedel previously formed the core management team at Learner’s Digest International, a former Housatonic portfolio company sold to Wolters Kluwer in 2015. Mr. Studier will join the company as Chief Executive Officer, and founders David Jaeger and Steven Jaeger will remain with the company as senior executives.
“I’m excited to partner with Housatonic for the second time in the past ten years,” said incoming Enrollment123 CEO Fred Studier. “David and Steven have built a great business in Enrollment123, and we look forward to working hand-in-hand with them to continue the company’s rapid growth over the coming years.”
Housatonic Partners Managing Director Mark Hilderbrand, who has joined the Enrollment123 Board of Directors, added, “We are very pleased to once again partner with Fred, Brendan, and Joe, and look forward to supporting them as well as David and Steven in the Company’s next phase of growth.”
Financial terms of the transaction were not disclosed.
Enrollment123 is the leading provider of software solutions for independent sales organizations to manage their business, agents, and customers. Our enterprise platform provides an environment for selling, enrollment, billing, administration, commission-tracking, and customer communications for agents, customers, members, and employees, giving our clients the tools to help launch and grow their businesses. We help our clients from start-up to scale and have a track record of helping closers become entrepreneurs, building successful, thriving companies. For more information, please visit WWW.ENROLLMENT123.COM
About Housatonic Partners
Housatonic Partners is a private equity investment firm founded in 1994, with more than $1.3 billion in capital under management. The firm invests in growing, profitable businesses with highly recurring revenue. Housatonic Partners has backed exceptional management teams in more than 90 small to mid-sized companies over the last 25 years. For more information, please visit WWW.HOUSATONICPARTNERS.COM