First Analysis

First Analysis is a private equity and venture capital firm based in Chicago, Illinois, with a focus on early-stage investments across the United States. Founded in 1981, the firm has a strong track record in venture capital, having invested over $750 million in a diverse range of sectors including healthcare, information technology, cybersecurity, clean-tech, and infrastructure. First Analysis provides financial advisory services, including mergers and acquisitions, divestitures, corporate restructurings, and recapitalization. The firm aims to support established companies in becoming market leaders by funding growth initiatives and collaborating closely with management on strategy, recruitment, and corporate development. Known for its flexible investment approach, First Analysis typically invests between $3 million and $10 million, either as a lead investor or as a syndicate partner, bringing valuable insights to its portfolio companies.

John Dexheimer

Partner

Clement Erbmann

Managing Director

Todd Van Fleet

Vice President and Partner

Brian Friedman

Managing Director, Investment Banking

David Gearhart

Senior Vice President

Corey Greendale

Managing Director

Terry Kiwala

Vice President

David John Leshuk

Managing Director and Research Director

Tracy Marshbanks

Managing Director

Anita McFarlane

Principal

Joshua Moses

Managing Director, Investment Banking

Joseph Munda

Senior Vice President

Matthew Nicklin

Managing Director, Head of Investment Banking

Howard Smith

Managing Director

Angela Soliz

Vice President

Christopher Stiegal

Vice President

Eric Terhorst

Senior Vice President

Andrew Walsh

Managing Director

Past deals in Compliance

ITS Compliance

Venture Round in 2014
ITS Compliance, Inc. specializes in compliance and risk management solutions tailored for private, for-hire, and leasing companies across the United States. Founded in 1983 and headquartered in Sun Prairie, Wisconsin, the company offers a comprehensive suite of services, including fleet permit and inventory administration, licensing and registration, fuel tax reporting, driver log auditing, and the management of driver qualification files. Additionally, ITS Compliance provides tracking for periodic inspections, inspector qualifications, driver vehicle inspections, and maintenance items. The company's emphasis on personalized service and technology-driven solutions enables clients to effectively measure, monitor, and manage their compliance needs, ensuring they meet regulatory requirements efficiently.
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