DIMONT announces investment from Renovo Capital
Plans to benefit from Renovo's sector expertise
Dallas-based DIMONT, a specialty insurance and loan administration solutions provider, announced an investment from Renovo Capital, a Dallas-based private equity fund.
DIMONT plans to use the investment to continue to grow, while benefitting from Renovo’s sector expertise. Renovo Capital also owns RealtyTrac and Homefacts.
As a result of the announcement, Denis Brosnan agreed to a new five-year contract to continue his role as president and CEO of DIMONT.
Other internal promotions included Fran Weichsel as senior vice president of operations and client services, Tom Stover as senior vice president of solutions development, Teresa Epperson as senior vice president of administrative services and Lyné Donovan as vice president of finance.
“DIMONT is a strong, longstanding business in a dynamic and growing sector and we are excited to partner with Denis Brosnan and the management team to support the company’s continued efforts toward product innovation and service expansions,” said David Hull, managing partner at Renovo Capital.