Reverence Capital Partners has made a majority investment in Ministry Brands, a provider of cloud-based software, payment services and services and information platforms for churches, ministries and more.
Following the deal, Ministry will become a separate company from Community Brands despite keeping a minority rollover investment in Ministry. Going forward, the two companies will operate as independent organizations offering more focused investment for each firm’s customers.
Ministry Brands was founded by Greater Sum Ventures and has evolved to an end-to-end ecosystem of integrated services for over 95,000 faith based organization. Its service offering includes church management, online giving, financial accounting, digital engagement, background screenings and more.
“We welcome this investment from Reverence Capital as we continue to focus on improving the way churches and ministries operate, communicate and engage,” said Pat O’Donnell, CEO of Ministry Brands. “In this increasingly digital world, our transformative tech solutions enable growth and success for faith-based organizations, which will only be accelerated by the expertise and experience that the Reverence team brings to our partnership.”
William Blair served as the lead financial advisor to Ministry Brands; the company also received financial advice from FT Partners and Credit Suisse. Raymond James served as the exclusive advisor to Reverence Capital. Willkie Farr & Gallagher served as legal advisors for Ministry Brands, and Kirkland & Ellis for Reverence Capital.