Rockbridge Growth Equity has expanded its staff by four people over the last year as the private-equity firm makes both a successful exit and acquisition.
The downtown Detroit-based company has hired two investment professionals and two operations professionals, expanding its staff to 13 people. "We're looking to add two more investment professionals and one more operations professional," says Kevin Prokop, founding partner with Rockbridge Growth Equity
That growth comes after the 5-year-old company has deployed about $250 million in its lifetime, including investing $50 million in 2012. One of its investments is in One Reverse Mortgage, which Rockbridge Growth Equity held a stake in with Quicken Loans. It sold its stake in One Reverse Mortgage to Quicken Loans last year after helping One Reverse Mortgage grow to the become what Prokop calls "the largest reverse mortgage company in the world."
Rockbridge Growth Equity also recently made an investment in Triad Retail Media
, an online advertising firm based in Tampa. "It's a fast growing company in a fast growing industry," Prokop says.
Source: Kevin Prokop, founding partner with Rockbridge Growth Equity
Writer: Jon Zemke
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