Peterson Partners Completes Equity Investment in Southern California Risk Management Associates
March 1, 2005 Salt Lake City, UT . Peterson Partners, one of the most successful private equity firms in the Inter-mountain West, today announced they have made a sizable equity investment along with Eventide Risk Management in Southern California Risk Management Associates, Inc. (SCRMA). The equity investment was announced by Jordan Clements, managing partner of Peterson Partners. Terms of the agreement were not disclosed.
SCRMA is a third party administrator of self-funded workers compensation plans headquartered in Upland, California. SCRMA provides claims administration and cost containment services for public and private employers in California and other western states.
"This is the type of investment we strive for at Peterson Partners," said Rick Durham, the partner leading the investment for Peterson Partners. "A strong company looking for capital to fund growth and enhance operations in California.s evolving workers. compensation regulatory environment. We know this company is uniquely positioned to prosper in the competitive workers. compensation market in California and other western states. With a strong management team in place, we think we have another winner."
About Peterson Partners
Peterson Partners, based in Salt Lake City, is one of the Inter-mountain West.s most successful private equity firms. Peterson Partners is ranked in the top one percent of investment groups in the U.S. for return on investment. Specializing in small to mid-sized companies, Peterson Partners has a track record of success including investments in JetBlue, Making Memories, Envirocare, Asurion, Instashred and Diamond Rental. Founded in 1995, Peterson Partners has over $275 million under management through three funds, and in early 2005 completed funding on its Peterson Partners Fund IV.
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Jordan Clements 801-359-8880 Jordan@petersonpartnerslp.com