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CORRECTING and REPLACING Colbeck Capital Management Joins MRM Risk Holdings in $50 Million Recapitalization Venture

·2 mins read

In the press release dated September 23, 2020, third paragraph quote attribution should read ''Founder Josh Coleman said'' (instead of Jason Colodne). Fourth paragraph quote attribution has been added to read ''Jason Colodne, a founding partner of Colbeck, said.''

The updated release reads:

COLBECK CAPITAL MANAGEMENT JOINS MRM RISK HOLDINGS IN $50 MILLION RECAPITALIZATION VENTURE

MRM Risk Holdings, Momentum Advanced Planning and their family of companies (the "Company") have completed a $50 million recapitalization with Colbeck Capital Management ("Colbeck") for growth capital and acquisitions within the insurance market.

The Company has been in the insurance industry for over ten years serving high-net-worth and ultra-high-net-worth families. The Company provides solutions for tax planning, asset protection, family office structure, family governance, risk management, philanthropy, and efficient wealth transfer. Affiliates are located in Philadelphia, New York, Chicago and California.

"This is a very exciting time for the Company as we look to greatly expand and grow our agency base, product offerings, and institutionalize our corporate structure and senior leadership team. Tom Povedano (CEO) and I are ready for the next phase of growth," Founder Josh Coleman said.

"We look forward to our partnership with Momentum Advanced Planning and their family of companies as they build on their solid foundation to expand the depth and breadth of their business," Jason Colodne, a founding partner of Colbeck, said.

To learn more about the Company, visit https://momentumap.com or email Tom Povedano at tpovedano@momentumap.com.

About Colbeck

Colbeck (www.colbeck.com) is a strategic lender that partners with companies during periods of transition, providing creative capital solutions to meet their evolving needs. Initially founded in 2009 by Jason Colodne and Jason Beckman, Colbeck’s principals have over 75 years of experience managing credit investing businesses and have underwritten over $22B of total loan volume. Colbeck Capital has offices in New York City, and Los Angeles.

To learn more about Colbeck, visit www.colbeck.com, or contact us directly: Rob Gallivan (212-603-2817) and Luke Vande Guchte (212-404-0544).

View source version on businesswire.com: https://www.businesswire.com/news/home/20200923005771/en/

Contacts

Rob Gallivan, 212-603-2817

Luke Vande Guchte, 212-404-0544