M&A Deal Summary

Graham Partners Acquires Gatekeeper Systems

On October 30, 2019, private equity firm Graham Partners acquired business services company Gatekeeper Systems from HKW

Acquisition Highlights
  • This is Graham Partners’ 3rd transaction in the Business Services sector.
  • This is Graham Partners’ 41st transaction in the United States.
  • This is Graham Partners’ 10th transaction in California.

M&A Deal Summary

Date 2019-10-30
Target Gatekeeper Systems
Sector Business Services
Buyer(s) Graham Partners
Sellers(s) HKW
Deal Type Secondary Buyout

Target

Gatekeeper Systems

Foothill Ranch, California, United States
Gatekeeper Systems is a provider of intelligent cart solutions to minimize merchandise loss and reduce asset and labor expenditures. Gatekeeper serves a growing customer base of both regional and global blue-chip retailers. Gatekeeper Systems was founded in 1998 and is based in Foothill Ranch, California.

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Buyer(S) 1

Buyer

Graham Partners

Newtown Square, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 6.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Graham Partners is a private equity that targets middle market industrial and manufacturing companies. The Firm seeks to invest in businesses based in the US and also consider investments in Canada and Western Europe. Graham Partners focuses on strong growth potential companies with high return on invested capital, led by experienced management teams in revenues between $30 - $500 million and EBITDA between $5 million and $50 million. The firm typically invests between $10 million and $100 million in equity and the balance via debt and can invest higher than $100 million through co-investments. Broad areas of interest include building products, water management, medical products, consumer products, packaged food & beverage, packaging, aerospace/defense, agriculture, capital equipment, energy related products, home and outdoor, sports and leisure, and transportation services. Prospective transaction types include MBOs, recapitalization and growth capital financing. Graham Partners is an affiliate of The Graham Group was formed in 1988 and is based in Newton Square, Pennsylvania.


DEAL STATS #
Overall 44 of 60
Sector: Business Services M&A 3 of 3
Type: Secondary Buyout M&A Deals 10 of 12
State: California M&A 10 of 11
Country: United States M&A 41 of 52
Year: 2019 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-24 VPET

Fontana, California, United States

VPET is a provider of plastic containers primarily used to package food and beverage products. VPET was founded in 2001 and is based in Fontana, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-13 Damping Technologies

Mishawaka, Indiana, United States

Damping Technologies is an advanced material science company focused on engineered aerospace vibration and noise control applications primarily serving the aerospace, defense, and space end markets. Damping Technologies was founded in 1989 and is based in Mishawaka, Indiana.

Buy -

Seller(S) 1

SELLER

HKW

Indianapolis, Indiana, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1903
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Hammond Kennedy Whitney & Company (HKW) is a private equity firm focused on making control investments in mid-sized, 'market leading' companies generating sales of $5 to $75 million. HKW looks for companies with low risk for technological obsolescence, defined growth strategies, and talented management who want to own equity. Target transaction situations include industry consolidations, corporate divestitures, generational changes in ownership, growth equity, management buy-outs and recapitalizations. HKW prefers North American based opportunities. HKW dates back to 1903, however the Firm transitioned from sole to institutional investors in 2001. The Firm has offices in Indianapolis and New York City.


DEAL STATS #
Overall 32 of 38
Sector: Business Services M&A 3 of 5
Type: Secondary Buyout M&A Deals 16 of 19
State: California M&A 4 of 5
Country: United States M&A 28 of 30
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-10 Fresh Direct Produce

Vancouver, British Columbia, Canada

Fresh Direct Produce is a distributor of fresh, ethnic, tropical, organic, and specialty produce. Fresh Direct Produce distributes 1,000+ fruit and vegetable items to the Western Canadian market. Fresh Direct Produce was founded in 2003 and is based in Vancouver, British Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-18 Advantage

Houston, Texas, United States

Advantage is a provider of software and consulting solutions designed to optimize overdraft programs for regional/community banks and credit unions. Advantage is based in Houston, Texas.

Buy -