M&A Deal Summary

Keystone Capital Acquires Cherry Hill Programs

On December 4, 2015, private equity firm Keystone Capital acquired consumer services company Cherry Hill Programs from Eureka Equity Partners

Acquisition Highlights
  • This is Keystone Capital’s 1st transaction in the Consumer Services sector.
  • This is Keystone Capital’s 17th transaction in the United States.
  • This is Keystone Capital’s 3rd transaction in New Jersey.

M&A Deal Summary

Date 2015-12-04
Target Cherry Hill Programs
Sector Consumer Services
Buyer(s) Keystone Capital
Sellers(s) Eureka Equity Partners
Deal Type Secondary Buyout

Target

Cherry Hill Programs

Marlton, New Jersey, United States
Cherry Hill Programs is an outsource service provider of special event digital photography services, serving many of the most prominent retail developers in North America. Cherry Hill Programs was founded in 1961 and is based in Marlton, New Jersey.

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Buyer(S) 1

Buyer

Keystone Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 420M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Keystone Capital is a private equity firm focused on acquiring family businesses, corporate divestitures, industry consolidations, and special situations. Keystone prefers lower middle-market, US-based businesses with EBITDA of $3 to $15 million. Target sectors include specialty manufacturing, business services/outsourcing, food processing and ingredients, publishing, instrumentation, optical components, and healthcare products/services. Keystone will not invest in start-ups, turnarounds, commodities, defense/government contractors, retail stores, or restaurants. Keystone Capital was formed in 1994 and is based in Chicago, Illinois.


DEAL STATS #
Overall 17 of 35
Sector (Consumer Services) 1 of 1
Type (Secondary Buyout) 2 of 2
State (New Jersey) 3 of 4
Country (United States) 17 of 34
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-01 E4H

Williston, Vermont, United States

E4H is an architectural design and facilities planning firm focused on the healthcare and life sciences markets. E4H was founded in 1990 and is based in Williston, Vermont.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 Target Engineering Group

Coral Gables, Florida, United States

Target Engineering Group, Inc. is a provider of construction management, professional engineering, and construction inspection services. Target Engineering Group, Inc. was founded in 1999 and is based in Coral Gables, Florida.

Buy -

Seller(S) 1

SELLER

Eureka Equity Partners

Philadelphia, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Eureka Equity Partners is a private equity firm focused on partnering with management in acquiring middle-market companies generating sales up to $100 million. The Firm will consider both control and non-control investments. Sectors of interest include communications, consumer products and services, healthcare, and transportation. Eureka invests in the range of $10 to $25 million per transaction. Eureka's geographic coverage is within the US with a preference for opportunities located in the Eastern and Mid-Atlantic US. Eureka was formed in 2004 and is based in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 15 of 23
Sector (Consumer Services) 1 of 1
Type (Secondary Buyout) 4 of 5
State (New Jersey) 1 of 4
Country (United States) 15 of 23
Year (2015) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-04 Creative Co-Op

Memphis, Tennessee, United States

Creative Co-Op, Inc. is an independent home decor retailer.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-27 NetBoss Technologies

Sebastian, Florida, United States

NetBoss Technologies, Inc. provides an end-to-end portfolio of right-time correlated Network Analytics and OSS to communication service providers, improving their operational efficiency and quality of service by putting their customers at the heart of their organization. Providing precise and actionable “anywhere, anytime” information on networks and associated services as well as customer experience, their products ensure revenue is protected through improved end-user quality of experience. NetBoss Technologies has hundreds of installations worldwide addressing the telecommunications, utilities, government, and public safety industry segments and is an active TeleManagement Forum member supporting open standardsbased solutions.

Sell CA$9M