On December 30, Community Brands announced that it completed the transaction in which Reverence Capital Partners makes a majority investment in Ministry Brands, a leading provider of cloud-based software, payments solutions, services and information platforms for churches and ministries.

As part of the transaction, Ministry Brands will become a separate company from Community Brands, a provider of cloud-based software and payment solutions for associations, nonprofits and schools.

Reverence Capital Partners is a private investment firm focused on investments in leading middle-market financial services businesses.

The Willkie team was led by partners Matthew Guercio and Stephanie Moran.