EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--Gavnat and Associates, a leading public adjuster in the Midwest, announced it has received a significant investment from GCP Capital Partners. Founded in 2007 and headquartered in Eden Prairie, Minnesota, Gavnat represents business and property owners in connection with their property insurance claims. The investment will help Gavnat further enhance its offerings and expand geographically as well as provide capital for growth through strategic acquisitions.
"This is an exciting day for Gavnat's employees and clients. The support and capital Gavnat will receive from GCP will help us accelerate our growth goals. Gavnat combines expert due diligence with uncompromising ethical standards and we will continue our high standard of service to our clients," said Jim Pierce, Gavnat’s founder and CEO.
“We have made several successful investments in the insurance services industry. As an innovator in the industry with a proven ability to help clients, we found the perfect platform in Gavnat. Gavnat has experienced rapid growth, and we are excited to help Jim and the Gavnat team by providing capital and strategic support for their future expansion plans," said Boris Gutin, Co-Managing Partner of GCP.
Gavnat was advised by Sica Fletcher.
About Gavnat
Founded in 2007, Gavnat is one of the largest public adjusting firms in the Midwest, serving clients who have experienced hail, fire, storm, and other damage. Gavnat has a strong focus on helping clients with complex commercial claims and has a growing residential business. Gavnat provides insurance adjusting as well as expert testimony and insurance appraisals, advocating on behalf of homeowners, homeowners associations, businesses and other property owners.
About GCP Capital Partners
GCP Capital Partners, LLC ("GCP") is a middle-market private equity investment firm with $1.8 billion in committed capital since its formation. GCP has completed over 70 transactions since its inception in 2000. GCP's principals have over 100 years of combined private equity experience and have substantial personal capital invested in the funds. GCP has made investments in a number of industries, including tech-enabled business services and financial services. GCP has a partnership approach in working with management teams and takes pride in its reputation for integrity in dealing with business owners, shareholders, and employees.
For more information about GCP Capital Partners, please visit www.gcpcapital.com