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CIVC Partners

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Overview

CIVC Partners is a Chicago-based private equity firm specializing in middle-market buyout, recapitalization, and growth equity investments in business services sectors including IT services, environmental services, and financial technology.123 The firm has invested over $2 billion in equity capital across more than 70 platform companies since 1989, focusing on partnering with founders and management teams to accelerate organic growth and acquisitions.13 It is notable for its long tenure in the business services vertical and recent fundraising for its seventh fund.25

History

CIVC Partners originated in 1970 as Continental Illinois Venture Corporation, a subsidiary of Continental Illinois National Bank and Trust Company.23 Following Bank of America's 1994 acquisition of Continental Illinois, the CIVC team formed a semi-independent private equity firm backed by Bank of America, becoming fully independent with diverse limited partner investors.2 The current investment strategy and core management team have been in place since 1989, with over $1.9 billion invested in 70 platform companies focused on business services.3 The firm recently raised its seventh fund and completed acquisitions such as a Colorado-based database and analytics provider in January 2024.25

Notable Products

  • Crest Insurance Group - Leading insurance brokerage firm.
  • Magna Legal Services - Legal support services firm.
  • KPA - EHS compliance management software company.
  • The Brickman Group - Commercial landscaping company.
  • EN Engineering - Utility/power/energy focused engineering company.
  • Ground Penetrating Radar Systems (GPRS) - Nationwide provider of private utility locating and concrete scanning services.

Reputation

CIVC Partners is recognized by professionals for its deep expertise in scaling middle-market business services companies and consistent focus on the sector since 1989.14 Enthusiasts and industry sources note its strong track record with over $2 billion invested and partnerships that drive growth through acquisitions.13 No significant criticisms appear in available sources, though its niche focus limits broader market visibility.2

Sources (5)
  1. https://www.zoominfo.com/c/civc-partners-lp/8307147
  2. https://en.wikipedia.org/wiki/CIVC_Partners
  3. https://builtin.com/company/civc-partners
  4. https://www.civc.com/approach/
  5. https://www.privateequityinternational.com/institution-profiles/civc-partners.html