Avenu Forms Advisory Board

HERNDON, Va.Jan. 24, 2018 /PRNewswire/ — Avenu named eight experts to its board of advisors, a group that will provide strategic advice to the company as it continues to execute its strategy.

The new board brings a range of perspectives on local government finance such as budgeting, tax and fee collection, and long-term challenges of addressing budget deficits, unfunded mandates and infrastructure costs.

Group members are:

  • Sonny Brasfield, executive director of the Alabama City Commission
  • Fran David, retired city manager of Hayward, California
  • John Shirey, retired city manager of Sacramento, California
  • Jeff Downes, city manager for Vestavia Hills, Alabama
  • Steven Jacobs, political director for the California State Controller
  • Jeff Kolin, retired city manager of Beverly Hills, California
  • Anna Roach, chief strategy officer of Fulton County, Georgia
  • Bedell Terry, retired director of compliance for the Washington, D.C. Administrative Office of Tax & Revenue

“The experience, insight and willingness of this group to contribute to Avenu’s strategy further aligns our commitment to working with local governments,” says CEO Paul Colangelo. “Together we will guide cities and counties on obtaining more of the revenue they need to maintain service levels and plan for the future of their communities.”

Avenu is a portfolio company of Mill Point Capital.

 

About Avenu

Avenu provides local governments with ways to achieve more predictable revenue that supports growth, fuels modernization and ensures compliance with mandated but underfunded programs. Avenu’s revenue enhancement and administrative solutions find and recover license, permit and other taxes that cities and counties struggle to collect. The insights and improved fiscal posture enables governments to deliver expected services and sustain a high quality of life for residents. www.avenuinsights.com

 

About Mill Point Capital

Mill Point Capital is a middle-market private equity firm focused on control-oriented investments in the business services and industrial sectors. The firm works with Executive Partners to leverage its investment professionals’ experience while providing strategic and operational guidance designed to drive long-term value creation in its portfolio companies. Mill Point is based in New York, NY. For more information, please visit www.millpoint.com.

Revenue Enhancement and Administration Specialist GRS Rebrands as Avenu

HERNDON, Va.–(BUSINESS WIRE)–Avenu changed its name from Government Revenue Solutions (GRS) to better reflect how the company enables cities, towns, and counties across the U.S. to enhance their fiscal posture. Avenu is a portfolio company of Mill Point Capital.

Operating as Avenu Insights & Analytics (Avenu), the company identifies and recovers general fund revenue on behalf of cities and counties. Their limited resources prevent these local governments from collecting all the funds they’re owed for permits, license fees, and taxes for sales and use, property, utility and franchise, and hotel and short-term rentals.

These customers also use Avenu’s administrative expertise to expedite payment via an automated system, and achieve better audit results because Avenu pinpoints improper or underreported revenue. Last year Avenu’s legacy companies discovered and delivered $1.3 billion to local governments.

According to Craig Adler, executive chairman of Avenu, “local governments operate in an environment with aging infrastructure, a new tax law that will decrease their revenue, underfunded pensions and other everyday obligations. They need every dollar of revenue to continue providing citizen services.”

CEO Paul Colangelo says the new brand signifies innovation that is critical for local governments.

“Avenu’s technology evaluates large data sets, shows trends and clusters of opportunity to collect more revenue, and then provides the platform for businesses to pay and stay compliant. It’s a level of standardization and sophistication expected by the 89,000 local governments across the U.S. and their constituents.”

The other leaders of GRS—Doug Jensen, Kennon Walthall, and Patrick Scott—will continue in their roles and are a key part of Avenu’s strategy. Avenu’s legacy companies include Broussard Partners & Associates, Revenue Discovery Systems and MuniServices, the latter of which will retain its legal structure.

 

About Avenu

Avenu provides local governments with ways to achieve more predictable revenue that supports growth, fuels modernization and ensures compliance with mandated but underfunded programs. Avenu’s revenue enhancement and administrative solutions find and recover license, permit and other fees that cities and counties struggle to collect. The insights and improved fiscal posture enables governments to deliver expected services and sustain a high quality of life for residents. www.avenuinsights.com

 

About Mill Point Capital

Mill Point Capital is a middle-market private equity firm focused on control-oriented investments in the business services and industrial sectors. The firm works with Executive Partners to leverage its investment professionals’ experience while providing strategic and operational guidance designed to drive long-term value creation in its portfolio companies. Mill Point is based in New York, NY. For more information, please visit www.millpoint.com.