July 29, 2014
Brookside Equity Partners Invests in SelectQuote, Inc.
Brookside Equity Partners ("BEP") is pleased to announce its investment in SelectQuote, Inc., a leading independent insurance distributor that directly markets life, auto, home and senior insurance products. BEP led the minority recapitalization of the company to provide partial liquidity to certain minority shareholders. BEP purchased convertible preferred stock issued by the company.
In 1985, SelectQuote Life pioneered the direct marketing of term life insurance by providing unbiased price comparisons of the best rates from highly-rated life insurance companies. SelectQuote has become the leading term life insurance agency. Leveraging its success in the term life industry, the company launched two new lines:
- SelectQuote Senior helps seniors navigate the complex world of Medicare Supplement, Medicare Advantage, and prescription drug insurance to obtain the coverage that best meets their needs by impartially shopping a select group of highly-rated insurance companies for the best price.
- SelectQuote Auto & Home provides expert advice regarding various auto and home related insurance products and impartially shops for the best rates from a select group of highly-rated carriers.
Unlike most of its competitors, SelectQuote is truly impartial and shops for the best available rates. Many of its competitors are captive to or aligned with a specific insurance carrier. SelectQuote is independent, impartial, and commission agnostic. We encourage you to learn more by visiting www.SelectQuote.com and talking with one of their insurance experts about your insurance needs.
About Brookside Equity Partners
Brookside Equity Partners sponsors control private equity investments in middle-market companies. We also co-invest equity alongside other investment firms, family offices and financial sponsors.
Brookside Equity Partners is not a traditional fund. Our capital is family capital, evergreen, patient and flexible. Our investment horizons are determined by the needs of the businesses in which we invest, rather than by outside limited partners. This flexibility distinguishes us from other private equity groups which may seek investment realizations based on fund raising cycles rather than fundamental business reasons. Brookside Equity Partners structures investments with a conservative capital base and a term that is appropriate for the companies in which we invest. We are proud of our successful investment track record, beginning with the inception of our predecessor entity in 1977.
The companies in which we invest typically exhibit the following attributes:
- Revenue $15 to +$150 million
- Superior management
- EBITDA $3 to +$25 million
- Consistent performance
- Gross margin +25%
- EBITDA margin +10%
- Defensible market position
- High returns on capital
Please contact us or visit our website at www.BrooksideEquity.com for additional information. We welcome investment proposals and promise a prompt and confidential response.
Original announcement located at www.BrooksideEquity.com/News.aspx.