Weatherford Capital Portfolio Company PayIt Receives Investment from Insight Partners

TAMPA, March 29, 2019 – Weatherford Capital, a leading family-owned private investment firm, today announced its portfolio company PayIt has received an investment in excess of $100 million from Insight Partners, a New York-based venture capital and private equity firm. Weatherford invested in PayIt in 2016. 

Kansas City, Missouri-based PayIt makes it simple, secure, and seamless for governments to accept digital payments and serve their constituents across web, desktop, and mobile. Its dynamic, cloud-based solutions are purpose-built for the public sector with modules spanning Motor Vehicle, Taxes, Utilities, and more. The new funding will allow PayIt to continue expanding its footprint and product capabilities.

 “We are very pleased with PayIt’s success over the past several years and thrilled to welcome Insight Partners as an investor,” said Will Weatherford, Managing Partner, Weatherford Capital. “Under the leadership of John Thomson, PayIt has enjoyed continued strong growth, helping more individuals simplify doing business with local, state, and federal governments. As long-term investors, we are delighted to maintain our partnership with John and his team and look forward to a close collaboration with Insight Partners to help build further value in PayIt.” 

“With their diverse investment, consulting and public sector experience, Weatherford Capital has proven to be a valued financial and strategic partner,” said John Thomson, Founder & CEO, PayIt. “As we begin this relationship with Insight Partners, we believe PayIt is poised for further accelerated growth. We are pleased Weatherford is remaining as an investor and continuing to serve on our board, and are confident they will continue to be meaningful participants in the ongoing evolution of PayIt.”

About Weatherford Capital
Weatherford Capital is a is a family-owned private investment firm founded in 2015. Our team has over 25 years of investment experience conducting over 50 transactions across the globe. In partnership with family offices, we make direct investments with people who share our commitment to excellence, integrity, faith, family, and community. For more information, visit www.weatherfordcapital.com.

About PayIt
PayIt is a is simplifying doing business with state, local, and federal government through its award-winning digital government and payment platform. Along with our government partners, we are transforming the customer experience and making government more modern, convenient, and mobile. For more information, visit www.payitgov.com.

Weatherford Partners Announces a $40 Million Equity Investment In Safe Harbor Marinas-the World's Largest Marina Owner and Operator

TAMPA, January 23, 2017 – Weatherford Partners announced today its participation in the acquisition by Safe Harbor Marinas of the Brewer Yacht Yard Group. The transaction adds 25 marinas to the company's portfolio, which makes Safe Harbor the largest owner and operator of marinas in the world with 63 properties in 17 states housing more than 30,000 boats.

Weatherford Partners, together with American Infrastructure Funds and Guggenheim Partners, provided funding for the Brewer acquisition. With its initial $40 million equity investment, Weatherford Partners will be a significant shareholder.

"We are excited to invest in Safe Harbor and work alongside their world-class management team and staff," said Will Weatherford, Managing Partner of Weatherford Partners. "This is a very unique business platform and one which we believe has extraordinary growth potential."

"Weatherford Partners is well positioned to assist Safe Harbor in identifying new opportunities throughout the country, and especially in Florida," said Sam Weatherford, a Safe Harbor board member and Partner of Weatherford Partners.

Macfarlane Ferguson & McMullen and Pereboom Law are serving as legal advisors to Weatherford Partners.

About Weatherford Partners
Weatherford Partners is a global private equity firm based in Tampa, Florida. The firm partners with owners and management teams of high integrity to build great businesses through the provision of capital and advisory services. Weatherford Partners actively engages its portfolio companies in innovative and unique ways to create significant and lasting value. Will, Sam, and Drew Weatherford are the founding members of Weatherford Partners. For more information, visit www.weatherfordpartners.com.

About Safe Harbor Marinas
Safe Harbor Marinas is the largest owner and operator of marinas in the United States. Based in Dallas, the company is dedicated to providing the highest standards of excellence in customer service across its portfolio of inland and coastal properties. For more information, visit www.shmarinas.com.

About Brewer Yacht Yard Group 
Founded in 1954, Brewer Yacht Yard Group is the parent company of 25 Brewer marinas between Maryland and Massachusetts. In addition to its multiple locations, Brewer offers special benefits to its customers including free overnight stays and fuel discounts. For more information, visit www.byy.com.

About American Infrastructure Funds
American Infrastructure Funds is a leading private investment firm bringing innovative investment capital and operating insights to support the growth of infrastructure and real asset-based businesses. For more information, visit www.aimlp.com.

About Guggenheim Partners
Guggenheim Partners is a global investment and advisory firm. Across its three primary businesses of investment management, investment banking, and insurance services, Guggenheim has a track record of delivering results through innovative solutions. For more information, visit www.guggenheimpartners.com.

Press ReleaseLukas Naugle