• Investment Year:1999
  • Status: Past
  • Stage:
  • HQ:Windsor, CT


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Vertafore is a leading vendor of management systems for independent agents and brokers in the property & casualty insurance industry.

The company also provides comparative rating software to independent agents, policy administration software to regional insurance carriers, and reference information for the property & casualty insurance industry nationwide.

Industry Knowledge & Network

Stone Point’s deep industry relationships with carriers and independent agents helped position Stone Point as the preferred buyer of the business from a consortium of insurance companies.

M&A Sourcing

Stone Point helped to expand the Vertafore platform with three acquisitions.

Business & Product Development

Stone Point helped the company focus its business development and R&D activity on its agency management segment of the business, including rolling out a hosted application.

Executive Recruiting & Alignment

Stone Point recruited Senior Advisor Bob Lipp as Executive Chairman to help rationalize the company’s cost structure. Stone Point also helped to solidify Vertafore’s management team and recruited its new CEO Euan Menzies.

Operational Assistance & Governance

Stone Point helped Vertafore rationalize the business, closing five offices and reducing headcount from 1,100 to 800. Additionally, Steve Friedman, Bob Lipp and Chuck Davis advised the company by serving as successive Chairmen of the Board.

I worked closely with the Trident team to reposition the [Vertafore business] and build a new growth strategy. The contributions they made to this effort were critical to our success. This was supplemented by the truly unique resources they have at hand.
Euan Menzies, CEO of Vertafore

Euan Menzies is not currently an investor in any Stone Point funds. Euan Menzies has, and may have in the future, other business relationships with Stone Point and its affiliates. This includes Euan Menzies’ former role as Chief Executive Officer for Vertafore, which is a former portfolio company of Trident II.

Investments highlighted or discussed in this selection have been selected to illustrate SPC’s investment approach and/or market outlook and are not intended to be an indicator of past or future performance. Each investment discussed in this selection has been selected solely for this purpose and has not been selected on the basis of performance or any performance-related criteria. The investments discussed herein do not represent an entire portfolio and in the aggregate may only represent a small percentage of holdings. Nothing in this presentation shall constitute a recommendation or endorsement to buy or sell any security or other financial instrument referenced herein.