Since starting operations in 1989, it has invested in over 50 companies. With an investment discipline focused on growth and equity value creation, Advent-Morro has built companies of extraordinary value many of which have become leaders in their respective industries such as healthcare, telecommunications, distribution, technology services, education and hospitality. Equally important, these companies generate over $3.5 billion in yearly sales and employ over 3,000 people, making a significant impact in Puerto Rico’s economic activity.
While its investment mandate is not regional, due to its unique position as the leading private equity firm on the Island, most of its portfolio companies are based in, or have operations in Puerto Rico. From 1997 to 2010, Advent-Morro was affiliated with Boston-based Advent International Corporation.