Jul 30, 2018
Avenu Adds Illinois Staff, Clients
HERNDON, VA, July 30, 2018 – Greg Karr, former president of AmAudit, has joined Avenu to lead the revenue enhancement and administration operations for cities and counties in Illinois. Avenu will assume contracts previously managed by Karr.
The addition is part of Avenu’s national expansion strategy and gives the company renowned talent with deep relationships among leaders in the state’s local jurisdictions.
Karr’s career includes 16 years of finding revenue opportunities through compliance audits in Illinois. These have covered sales taxes, utility taxes and cost audit services for natural gas, electricity, wireless telecommunications and cable. Karr has been responsible for finding more than $30 million through audits of more than 100 communities.
“Local governments don’t have the resources to scrutinize every payment they receive for fees and taxes, so they are often underpaid,” says Karr. Equally important is that they lack the knowledge to decipher complex utility bills to ensure that rates are correct. As part of a national company with the resources to support cities and counties in many ways, we can turn that around.”
Adds Avenu CEO Paul Colangelo, “The need to ease the financial pressure on local governments presents a lot of opportunity for us. With Greg in our new Illinois location we will discover and recover more funding for communities to maintain services and align their budgets.”
About Avenu Insights & Analytics
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 taxes, license and permit 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. Avenu is a portfolio company of Mill Point Capital. 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