AArete, a global management and technology consulting firm, has secured a strategic investment from Parthenon Capital, a growth-oriented private equity firm, to accelerate its growth initiatives and expand its service offerings.

The investment aims to bolster AArete’s capabilities in profitability improvement, digital transformation, and strategic advisory services, particularly for its healthcare payer and financial services clients. The company plans to prioritize continued innovation across its service lines, leveraging technology and automation to enhance its value proposition.

Following the transaction, AArete’s existing employees and leaders will maintain significant ownership stakes in the firm. Loren Trimble, AArete’s CEO & Managing Director, commented on the development: “This is an important inflection point in AArete’s nearly two-decade history that will create opportunities for our team as they continue to focus on serving clients with excellence. We believe Parthenon Capital’s deep healthcare expertise and experience helping companies drive transformational growth will further strengthen AArete’s position as the strategic partner-of-choice for payers and other verticals.”

Parthenon Capital, with offices in Boston, San Francisco, and Austin, specializes in investing in growth companies across service and technology industries, with particular expertise in financial and insurance services, healthcare, and technology services. Dan Killeen, a Partner at Parthenon Capital, stated, “AArete has established itself as an important partner to a number of the nation’s leading health plans. As active investors in healthcare services and technology businesses, we know well the challenges payer organizations face across several dimensions and believe AArete is uniquely equipped to serve as a strategic resource to help address those pain points. We look forward to collaborating with the AArete team in the coming years, building on their success to-date and working together to create the market’s leading payer advisory platform.”