Summary: THIS IS AN AUDIO-ONLY VERSION OF A VIDEO INTERVIEW FOUND ON PRIVCAP.COM. VIEW THE FULL VIDEO HERE: Private equity can indeed create jobs – just ask Ohio state officials, who worked with Insurance Claim Management (ICM) and the private equity firm that owns ICM, The Riverside Company, to open a new Springfield facility that now employs 160 people. This impressive story is told by Paul Gross, President of Eau Claire, Wisconsin-based ICM, and Bill Seelbach, a former McKinsey consultant and now Senior Advisor to Riverside. Gross and Seelbach detail the formation of ICM as a spin-out from an existing Riverside portfolio company, the tax and other incentives that were agreed with Springfield and Ohio officials, the impact that the new facility has had on Springfield’s hard-hit economy, and how a local community college partnered with ICM to train a mostly manufacturing-oriented workforce to process insurance claims. This program is one of an ongoing Privcap series on value creation in private equity. The first segment is called "How WhatCounts and Riverside Partnered For Growth." The second segment is “How MLCOA and Riverside Partnered For Growth.” The third is “How Connor Sport Court and Riverside Partnered For Growth.” The fourth is “How Navex Global and Riverside Partnered For Growth.” The fifth is “How Diatron and Riverside Partnered For Growth.” Registered users of Privcap may access this 7-minute, chaptered video program, full transcript, audio-only version, as well as Privcap’s entire archive of thought-leadership content. Register here – it’s free and quick
