BV Investment Partners has invested in Thomas & Company, a workforce compliance technology and services provider serving large U.S. employers. Financial terms of the investment were not disclosed.
BV is partnering with CEO Nate Kenney and Thomas & Company’s existing management team to expand the company’s customer base, product capabilities, technology, and acquisition strategy.
Founded in 1994 and headquartered in Nashville, Thomas & Company specializes in unemployment cost management, tax exposure management, employment and wage verification, and related workforce compliance services.
The company employs more than 200 professionals nationwide.
Its platform combines a proprietary records database with specialized software and a service model designed to help large employers navigate complex employment regulations while controlling costs and reducing administrative risk.
BV sees increasing complexity across workforce compliance as a catalyst for continued demand.
The investment firm also sees an opportunity for Thomas & Company to broaden its capabilities organically and through acquisitions across the wider human resources ecosystem.
BV manages more than $7.8 billion in assets and focuses on technology-enabled business services and solutions.
KEY QUOTES:
“With BV’s partnership, we are positioned to expand our client base, deepen our suite of services and continue investing in technology that simplifies complex employment-related processes.”
Nate Kenney, CEO of Thomas & Company
“Thomas & Company is a leading provider that delivers meaningful value and ROI for its clients, representing the type of tech-enabled services platform we look to back.”
Jason Kustka, Partner at BV Investment Partners
“We’re excited to help the existing team continue to drive growth organically and via acquisitions within the workforce compliance ecosystem.”
Patrick Fabrizio, Vice President at BV Investment Partners
