Embark Announces Strategic Investment from Parthenon Capital to Accelerate Growth

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Parthenon partnership positions Embark for scale and continued market expansion

DALLAS, Sept. 4, 2025 /PRNewswire/ -- Embark, a leading management and financial consulting firm, announces it has entered into a strategic partnership with Parthenon Capital, a premier growth-focused private equity firm. This investment marks a significant milestone for Embark, providing the resources and strategic support to accelerate its mission of delivering innovative solutions to executive leaders and their teams.

Felice Gorordo, CEO of Embark, shared, "We are incredibly excited and proud to partner with Parthenon Capital. Parthenon's investment will enhance Embark's existing service offerings for our clients, accelerate our growth both organically and through acquisition, and further our commitment to our people. In Parthenon, we have found a partner that is strongly aligned with our shared values and vision for an unwavering focus on people, unmatched customer satisfaction, and delivering high-value, cutting-edge solutions."

Parthenon Capital, with over $10 billion in capital commitments, is a leading private equity firm with a long track record of partnering with founders and management teams to build franchise companies in the financial services sector, with particular expertise in professional services and human capital-driven business models. The firm takes a research-driven approach to specific industry sectors and first identified Embark through a multi-year deep-dive focused on advisory services and technology shaping the future of the Office of the CFO.

"We have followed Embark's impressive journey for years and are excited to partner with a true disruptor in the financial advisory and consulting industry," said Andrew Dodson, Managing Partner at Parthenon Capital. "Embark's client-centric culture and innovative approach set them apart, and we look forward to supporting their continued growth and expansion."

Tom Hough, Principal with Parthenon Capital, continued, "Since we first had the chance to meet the Embark team, we have been continually impressed with their differentiated focus on their people and delivering world-class solutions to their clients. We are excited to continue their investments in technology, develop additional capabilities to serve their clients, and support their unique culture which truly sets the company apart."

Parthenon's investment will enable Embark to expand its technology capabilities, with a particular focus on advancements in automation and artificial intelligence within the office of the CFO. The partnership will also support attracting and developing top talent, as well as pursuing new strategic opportunities. These efforts are designed to better serve clients across financial advisory, business transformation, deal advisory, outsourced accounting, and other key advisory service offerings.

Ensuring continuity and alignment with Embark's people-centric values, Paul Allen, Embark Founder, will remain Chairman of the Board, retain a significant ownership stake, and lead the Board's People & Culture Committee. Paul shared, "We couldn't be more excited to be partnering with Parthenon Capital. As we grow, our focus on culture and people will only deepen with Parthenon's support."

With an addressable market exceeding $80 billion and increasing demand for technology-enabled solutions, Embark's differentiated model and strong client satisfaction—combined with Parthenon's proven track record of driving meaningful impact and growth—position the company to capitalize on industry trends and support clients in a rapidly changing business environment.

Guggenheim Securities, LLC acted as sole financial advisor and Perkins Coie LLP served as legal counsel to Embark. Kirkland & Ellis LLP served as legal counsel to Parthenon.

About Embark
Embark is a business consulting firm dedicated to transforming complex problems into clear solutions. Embark helps CFOs and business leaders navigate challenges and achieve their goals through financial advisory, business transformation, deal advisory, outsourcing, and tailored solutions. Operating in 26 strategic markets, Embark brings its expertise and personalized approach to clients across the country while fostering a culture where "happy works." Learn more at www.embarkwithus.com.

About Parthenon Capital
Parthenon Capital is a leading growth-oriented private equity firm with offices in Boston, San Francisco, and Austin. Parthenon utilizes niche industry expertise and a deep execution team to invest in growth companies in service and technology industries. Parthenon seeks to be an active and aligned partner to management, either through recapitalization transactions or by backing new executives. Parthenon has particular expertise in financial and insurance services, healthcare and technology services, but seeks any service, technology, or delivery business with a strong value proposition and proprietary know-how. For more information, visit www.parthenoncapital.com.

SOURCE Embark