Villanova, PA, January 30, 2025 – Milestone Partners is pleased to present our 2024 Recap, showcasing the firm’s achievements. Our 30th year in business was productive in investment activity, marked by successful exits, multiple refinancings, and strategic partnerships.
Exits
In 2024, Milestone executed two portfolio company sales for the last remaining portfolio company in MPIII and one of the last several companies in MPIV:
- Blaschak Anthracite – July 2024 – Milestone successfully completed the sale of Blaschak Anthracite, a U.S. based miner, preparer and marketer for ultra high-grade anthracite, through a management – led buyout.
- Image API – December 2024 – Image API, a leading provider of document management and digital transformation solutions, was sold to strategic acquiror Docufree.
Portfolio Updates
Milestone has remained active in our target sectors of Financial Solutions and Tech-Enabled Solutions, completing significant growth capital debt refinancings for several portfolio companies, including:
- mTab, Provider of market research software, database services and cloud-based data analytics platforms to enterprise clients
- Olive, Online direct to consumer insurance distribution platform as well as insurance marketing services
- Drive Assurance, Fully integrated omni-channel provider of specialty auto insurance
- Insure Homes, Specialty homeowners insurance and warranty platform with captive MGAs, carriers, in-house claims administration, reinsurance brokerages and a restoration business
Additionally, Olive received a minority investment from a strategic partner into its subsidiary Repair Ventures, providing additional capital and expertise to support the company in its next stage of growth.
Promotions
The Milestone team continues to grow and develop professionally, and we are pleased to recognize the well-earned promotions of:
- Emily Cooney – Promoted to Chief Financial Officer
- Sujit Hiremath – Promoted to Associate
- Noah Kim – Promoted to Senior Accountant
We are proud to support the professional growth and development of our team as we continue to build for the future and strive for success across the firm.
Looking Ahead
The Milestone Partners team remains focused on identifying and executing compelling investment opportunities across our core verticals. We are grateful for the continued support of our limited partners, management teams, financing partners, investment banking partners, operating partners, professional advisors and other friends of Milestone. We look forward to building on this momentum into 2025 and beyond.