Location: Charlotte, NC
Investment Year: 2014 (DirectPath); 2015 (Flores); 2018 (merged companies and formed DP Flores Holdings)
Business Description
Flores is a leading national administrator of tax advantaged consumer-based reimbursement plans. In September 2018, Century established DP Flores Holdings to combine Flores and DirectPath. In February 2021, DP Flores Holdings completed the sale of DirectPath.
Century Investment Thesis
Flores’ highly recurring revenue, strong cash flow and proprietary technology position the company for continued organic growth and successful integration of acquisitions.
Century Value Add
- Source and facilitate accretive M&A activity
- Collaborate with company to support various IT initiatives
- Senior management hires
- Leverage network to facilitate client introductions and build strategic partnerships
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