Hale Capital Partners (“Hale Capital”), a NY-based private growth equity firm, led a cooperative recapitalization through which it acquired a majority stake in Athenium, a leading provider of innovative risk and quality management solutions for insurance, finance and government sectors.
This investment marks a significant milestone, bringing together Hale Capital’s deep expertise supporting high-growth technology companies with Athenium’s cutting-edge software solutions. Athenium has been widely recognized for transforming claims quality control, underwriting and risk selection, and risk management through advanced data analytics and AI-driven capabilities.
In connection with the investment, Jim Greenwell has joined Athenium as CEO. Jim is a proven CEO who successfully led multiple companies, one of which was Hale Capital’s first portfolio company. “Athenium is an industry leader in risk and quality management solutions with a history of exceeding its customers’ expectations with its best-in-class solutions. My focus is to create an environment where our employees succeed in serving our customers brilliantly,” said Jim of his mission.
“We are thrilled to become the majority investor in Athenium and work with Jim again,” said Martin Hale, CEO of Hale Capital. “Jim’s customer-focused leadership coupled with Athenium’s exceptional innovation in risk analytics creates tremendous potential to scale. We’re combining our strategic resources and operational expertise with Athenium’s leading products to accelerate growth and broaden impact across industries.”
Athenium, headquartered in Dover, NH, has long been at the forefront of delivering high-impact solutions empowering data driven decision-making, increasing operational efficiency, and enhancing risk management practices. The company’s products are known for integrating predictive analytics, machine learning and domain expertise to help clients proactively manage risk and optimize performance.
Hale Capital has a strong track record investing in and guiding technology and software companies able to shape the future of their industries, scaling innovation and fostering sustainable business models.
The investment will fuel further development of Athenium’s products, allowing the company to explore new verticals and enhance its capabilities in insurance, financial services, and beyond.
