A Look at A Place for Mom's Corporate Ownership
Founded in 2000, A Place for Mom has evolved from its initial concept to a leading player in the senior care industry. Understanding the ownership structure is key to grasping the company's business model and growth trajectory. Unlike a publicly traded company with a diverse group of shareholders, a privately owned business like A Place for Mom answers to its private equity backers. This structure means decisions are influenced by the investment goals and strategies of these financial firms.
The current ownership structure
A Place for Mom is currently owned primarily by several private equity firms. General Atlantic and Silver Lake hold a majority stake in the company. These firms acquired their interest in 2017 from the previous owner, Warburg Pincus, taking equal shares in the controlling interest [1.2]. Additionally, Insight Partners invested in the company in January 2022, acquiring a minority stake as part of a $175 million funding round that valued the company at over $1 billion [1, 3].
This ownership by multiple firms means the company's direction is guided by a board of directors that includes representatives from each major investor [1]. This collaborative approach is common in private equity, combining capital and expertise for company growth.
A timeline of ownership changes
To understand who owns A Place for Mom headquarters, it helps to review the company's ownership history [1]:
- Early Years: After its founding in 2000, the company received initial venture capital funding.
- Warburg Pincus Acquisition (2010): Warburg Pincus purchased a majority stake in 2010.
- General Atlantic and Silver Lake Acquisition (2017): In 2017, Warburg Pincus sold its majority stake to General Atlantic and Silver Lake [1, 2]. You can find more details on this transaction in the press release from A Place for Mom Announces Strategic Investment from General Atlantic and Silver Lake [2].
- Insight Partners Investment (2022): Insight Partners made a minority investment in early 2022 [1, 3].
Where is the headquarters?
The corporate headquarters for A Place for Mom is located in New York, NY [1]. This office serves as the central point for corporate strategy and management [1]. It is distinct from the company's network of senior living advisors who work across North America [1].
Past vs. present ownership
| Feature | Past Ownership (Warburg Pincus) | Present Ownership (General Atlantic, Silver Lake, Insight Partners) |
|---|---|---|
| Majority Owner | A single private equity firm [1]. | Two private equity firms holding equal, majority stakes [1, 2]. |
| Investment Style | Long-term growth investing [1]. | Technology and growth-focused investing [1]. |
| Additional Investors | Owned solely by Warburg Pincus during its tenure [1]. | Added Insight Partners as a minority investor [1, 3]. |
| Valuation | Lower valuation during its period of ownership [1]. | Valued at over $1 billion in the 2022 funding round [1, 3]. |
Conclusion
A Place for Mom's ownership is held by a partnership of private equity firms, including General Atlantic, Silver Lake, and Insight Partners [1]. This structure is common for major private companies aiming for growth in their industry [1]. For families, this indicates the company is supported by significant financial resources focused on improving and expanding its services [1].
