Foley & Lardner LLP served as legal counsel for Century Equity Partners and its portfolio company Flores & Associates LLC (Flores), a leading provider of benefit technology solutions and administrative services to employers throughout the U.S., in a strategic recapitalization of Flores in partnership with The Vistria Group. As part of the transaction, Century Equity Partners and The Vistria Group hold equal ownership in Flores and will continue to back the current management team led by Gary Trainor and Jody Oliver.
Based in Charlotte, North Carolina, Flores is a premier administrator of employer-sponsored reimbursement plans that provides a suite of integrated benefits solutions independent of any insurance carrier. The company delivers high-touch service, best-in-class productivity, and innovative proprietary technology to provide complete plan design and compliance support for reimbursement plans, COBRA, FMLA leave management, and direct bill programs. Flores has established itself as a preferred partner to thousands of businesses and continues to grow nationally. The company has successfully completed seven acquisitions since 2021 and continues to maintain strong relationships across regional and national brokers.
The Foley deal team was led by Partners Ronald Eppen, Julie-Anne Lutfi, and Raj Tanden, and included Special Counsel Thomas Fritsch and Associate Justin Lauria-Banta as well a number of practice-specific attorneys.
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