Investment Summary

Proviso Capital Exits Kerr Consulting

On August 6, 2024, Cherry Bekaert invested in information technology company Kerr Consulting from Proviso Capital

Investment Highlights
  • This is Cherry Bekaert’s 1st transaction in the Information Technology sector.
  • This is Cherry Bekaert’s 14th transaction in the United States.
  • This is Cherry Bekaert’s 2nd transaction in Texas.

Investment Summary

Date 2024-08-06
Target Kerr Consulting
Sector Information Technology
Investor(s) Cherry Bekaert
Sellers(s) Proviso Capital
Deal Type Add-on Acquisition

Target

Kerr Consulting

The Woodlands, Texas, United States
Kerr Consulting is a full-service provider of IT services including accounting and enterprise resource planning (ERP) solutions, along with customer relationship management (CRM) and human resources software. Kerr Consulting was founded in 1987 and is based in The Woodlands, Texas.

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Investor(S) 1

Investor

Cherry Bekaert

Richmond, Virginia, United States

Category Company
Founded 1947
Sector Business Services
DESCRIPTION

Cherry Bekaert is a provider of auditing and accounting services. Cherry Bekaert was founded in 1947 and is based in Richmond, Virginia.


DEAL STATS #
Overall 14 of 21
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 13 of 20
State: Texas M&A 2 of 2
Country: United States M&A 14 of 21
Year: 2024 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-19 PKF Mueller

Elgin, Illinois, United States

PKF Mueller is a full-service certified public accounting and business advisory firm located in the metropolitan Chicago area. PKF Mueller is based in Elgin, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-14 ArcherPoint

Lawrenceville, Georgia, United States

ArcherPoint provides comprehensive workplace solutions, focusing on enterprise resource planning (ERP) and unified commerce through Microsoft Dynamics 365, LS Retail, Azure, and other Microsoft platforms. ArcherPoint was founded in 2002 and is based in Lawrenceville, Georgia.

Buy -

Seller(S) 1

DESCRIPTION

Proviso Capital is a private equity firm focused on acquiring lower middle-market 'overlooked' companies operating in competitive niches. Proviso was established in 2014 and is headquartered in New York City.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-03 Merchandising Partners

North Granby, Connecticut, United States

Merchandising Partners is a full-service provider for merchandising needs throughout the United States. The Company offers the manufacturing of point of sale displays, custom fabricating and machining, brokering of merchandise packaging, and fulfilling services to hand tool manufacturers, OEMs, retailers, and distributors in the U.S. MP is a one-stop source for all merchandising needs. The entire process including graphic development, packaging concepts, packaging procurement/manufacturing, fulfillment, and inventory/distribution is provided by MP. Merchandising Partners is based in North Granby, Connecticut.

Buy -