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Aquiline Capital-backed Togetherwork acquires fundraising services provider

Togetherwork, a group management software and payments services provider, acquired Pennington & Co., a provider of fundraising campaign management services for fraternities and sororities.

Pennington will be an independent operating company within Togetherwork and will continue to be led by Patrick Alderdice as president. Pennington joins OmegaFi as Togetherwork's second operating company in the fraternal software space.

Aquiline Capital Partners LLC launched Togetherwork in 2016.