KRG Capital Partners, a Denver-based private equity firm, says it has completed its sale of Avizent to York Risk Services Organization Inc.
The all cash sale represents KRG’s third successful exit in its $715 million Fund III.
Avizent, headquartered in Dublin, Ohio, is a national risk management provider serving the workers’ compensation, auto and general liability segments. Its services include third-party claims administration, medical managed care services, network PPO access and alternative risk solutions.
Avizent’s customers include sophisticated self-insured employers, government entities, self-insured groups and associations and national and regional commercial insurance carriers.
KRG has $4.3 billion of capital deployed or available for future investment, which includes approximately $1 billion deployed since inception in 1996 on behalf of equity co-investors.
York Risk Services is a portfolio company of ABRY Partners.
