Part Time Control, LLC, announces a strategic growth partnership with Pamlico Capital

Part Time Control, LLC, announces a strategic growth partnership with Pamlico Capital

Philadelphia, November 15, 2023 /PRNewswire/ — Your Part-Time Controller, LLC (“YPTC”), No. 75y The largest accounting firm in the United States, according to the publication accounting today, announced today that it has secured a strategic growth investment from Pamlico Capital (“Pamlico“), a private equity firm based in Charlotte, Nick

“This represents a significant milestone for Your Part-Time Monitor, which has evolved significantly from a one-person business in 1993, to a nationally recognized financial services provider to the not-for-profit sector,” he said. Eric Frank, President and Founder. Freint continued: “With the support of Pamlicowho understands our business and culture and shares our interest in serving nonprofits, YPTC will be well positioned to continue its remarkable growth.”

Freint also announced his retirement from YPTC, scheduled for early 2024, explaining: “After 30 years of growth at YPTC, I am excited to transition from the day-to-day operations of the company to invest my time and energy in other activities, including charitable causes and my six grandchildren.” Fraint will continue to be involved with YPTC as a significant shareholder and member of the YPTC Board of Directors.

After Freent retired, Jennifer Alleva, Managing Partner, will assume the role of CEO and will also have a seat on the YPTC Board of Directors. “Jane has been my partner in building YPTC for 20 years, and I am excited for her to lead the company into its next chapter of growth. I have complete confidence in her and the excellent, long-serving YPTC team to continue the company’s trajectory of success.”

Commenting on the deal and her new role, Alleva said: “I am delighted to lead YPTC to new heights thanks to the additional resources of our new partner. Pamlico And the continued support of Eric on our Board of Directors. I look forward to many more years at YPTC as we continue to help our nonprofit clients achieve their missions.” Alleva continued, “I want to reassure our employees and clients that the day-to-day operations of YPTC will not change. Our executive team, market leaders and division leaders will continue to run the company, and our clients will continue to be supported by the same YPTC employees they know and respect. Most importantly, our commitment to helping nonprofits remains stronger than ever.”

Pamlico main Andrew TyndaleWho will join the YPTC Board of Directors with his colleagues Scott Stevens And Caitlin CacioppoHe said, “We are pleased to welcome your part-time superintendent to Pamlico family. YPTC is a unique and impressive company, and we are proud to partner with its entire team to advance the fulfillment of their important mission of building stronger nonprofits.

Fairmount Partners served as exclusive financial advisor to YPTC. Terms of the deal were not disclosed.

About your part-time supervisor

founded in Cherry Hill, New Jerseyestablished in 1993, your part-time controller is headquartered in Philadelphia, and has offices throughout the country. Our staff of more than 600 professionals provides outsourced accounting and financial services to more than 1,700 nonprofit organizations in nearly every state through a range of on-site services, where YPTC has an office, to remote options everywhere else. More information about YPTC can be found at: www.yptc.com.

About Pamlico Capital

Pamlico Capital is a private equity firm founded in 1988 that invests in lower middle market companies in the United States. Pamlico Capital seeks to make investments in control-oriented growth stocks of up to $125 million Along with proven management teams in our target industries: Business Services, Technology, Telecommunications and Healthcare. Since the beginning, the company has invested more $3.5 billion. For additional information, please visit www.pamlicocapital.com.

About Vermont Partners

Fairmount Partners, a leading investment bank in the professional and technology services sector, acted as exclusive financial advisor to YPTC throughout the transaction. For additional information, please visit www.fairmountpartners.com.

Media Contact:
Gillian Frost
(email protected)

Source: Pamlico Capital

    (tags for translation)Pamlico Capital

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