Keystone Capital

Founded in 1994, Keystone Capital is a private investment firm comprised of professionals distinguished by strong investment experience and substantive operating knowledge. Their singular focus is to acquire and grow over a 10+ year-time horizon a diverse group of exceptionally high quality, mid-sized companies that are leaders in their niche markets. For business owners considering the sale of an enterprise, Keystone’s commitment of personal rather than third-party capital creates a risk-return profile in sync with management’s throughout their typical 7-10+ year relationship with their companies. They create true partnerships with the talented management teams of the companies they acquire, playing a significant supporting role to help each business continue to grow profitably. Keystone also offers the strength and security of a very few, but dedicated banking relationships. This means they bring access to reliable capital in uncertain economic times, and financial support that comes with a partnership mindset. For investment bankers, brokers and other intermediaries, Keystone also prides itself in committing to do only what they can deliver upon. Their nimble size and lack of internal approval committees means quick decision making and certainty to close – often completing transactions in 45 days or less. To us, offering a strong value proposition for everyone they do business with is paramount. It’s how they create value in ways beyond the numbers.
MB

Matthew Blanks

Associate

Brian Chung

MD, CFO and Cco

TC

Tyler Collingbourne

Associate

Kent P. Dauten

Chairman

EG

Erik Gernant

VP

David Greer

MD

SG

Scott Gwilliam

Managing Partner

Dennis J. Howe

MD

Chaoran Jin

MD

Kevin S. Overby

VP

BP

Brian Prendergast

Associate

Bill A. Sommerschield

MD

AC

Andrew C. Wehr

Principal of Finance

MW

Michael Weston

Associate

Jason S. van Zant

MD

51 past transactions

Inspire11

Private Equity Round in 2020
Inspire11 is a full service, digital and management consulting firm dedicated to making an impact for clients, employees and communities.

Controlled Products, LLC

Private Equity Round in 2005
Controlled Products is the world’s leading manufacturer of turf. Our influence extends from initiating research. Most of the innovation in the turf industry for over 25 years is due to our commitment. We incorporate the latest technology into each project and into our state-of-the-art facilities in Dalton, Georgia.

Vista International Packaging

Private Equity Round in 2004
Vista International Packaging is a converter and distributor of meat packaging products. The company is headquartered in Kenosha, Wisconsin, United States.

Foundation Dental Partners Management, LLC

Private Equity Round in 2020
Foundation Dental Partners is a dental support organization that provides dentists with a unique practice-friendly partnership. The company was founded in 2019 and is headquartered in Alpharetta, Georgia.

Merge

Series C in 2018
Merge Design Interactive is an innovative design and technology firm with experience in client communications conveyed through creative print and interactive web development. As an interdisciplinary agency, the firm helps leading industry professionals build exceptional brands by creating emotionally-engaging customer experiences through design and development. It has a diverse client portfolio spanning from Fortune 500 companies to one-man-startups in a wide range of industries. Merge Design Interactive was founded in 2004 and is based in Chicago, Illinois.

CenterPost Communications

Series C in 2001
CenterPost Communications is a leading provider of enterprise multi-channel solutions for automating communications between companies and their customers via voice, email, fax, wireless text and instant messaging. CenterPost's solutions are designed to help companies acquire, care for, grow and retain customers by enabling frequent and relevant customer contact at a price-point that is far superior to traditional methods.

Peak-Ryzex, Inc.

Private Equity Round in 2011
Peak-Ryzex provides end-to-end enterprise mobility, managed services, printing and mobile data capture solutions for performance-driven organizations focused on the optimization of supply chain and field-based business processes. Peak-Ryzex’s in-depth industry-specific experience, state-of-the-art solutions and managed services, and exemplary customer support provide transformational business solutions and results that deliver greater ROI and outstanding value. Peak-Ryzex serves as a trusted business partner for some of the world’s largest companies, while also supporting local and regional customers with an extensive coverage footprint throughout North America and Europe.

Keystone Natural

Private Equity Round in 2016
Keystone Natural manages manufacturers that produce tofu, meatless burgers, veggie mix, soy drinks, and other soy-based vegetarian items. The company was founded in 2016 and is headquartered in Folcroft, Pennsylvania.

CONSOR Engineers

Private Equity Round in 2016
CONSOR is a mid-sized engineering firm offering services such as planning & design, structural assessments, and construction services.

Record Masters

Private Equity Round in 1995
Record Masters is a provider of healthcare record storage and retrieval services. The company is headquartered in Northbrook, Illinois, United States.

Costume Gallery

Private Equity Round in 2010
Costume Gallery is a supplier of dance costumes and related accessories in Delanco.

Response Networks

Venture Round in 1999
Response Networks offer business communications solutions designed to speed your Response to your clients, partners and prospects.

Atlas Die LLC

Private Equity Round in 2003
Atlas Die began in a small building in Elkhart, Indiana and grew to be one of the largest die makers in the United States.

Cherry Hill Holdings

Acquisition in 2015
Cherry Hill Photo has been providing special event and holiday photography services at premier properties, including specialty centers and large enclosed malls. Over the last 50 plus years, Cherry Hill Photo has relentlessly been dedicated to providing their partners with excellent service and quality photographs.

Capsa Healthcare

Private Equity Round in 2000
Capsa Healthcare is a provider of mobile workstations, medication management products, and pharmacy automation solutions for healthcare settings worldwide.

E4H Environments for Health Architecture

Private Equity Round in 2015
E4H Environments for Health Architecture is an architecture & planning company specializing in healthcare designing and planning services.

The Greeley Company

Private Equity Round in 2016
The Greeley Company is a healthcare consulting firm that specializes in quality assurance, regulatory and patient and staff health.

BATNET1

Series B in 2000
BATNET1 is the leading Internet Affinity Marketing company. BATNET1 partners with well-known membership groups and leading Internet merchants to create customized, private-label online marketplaces featuring special offers that are tailored for group members.

Nature Soy

Acquisition in 2016
nature soy, inc. produces and supplies soy and vegetarian products to grocery stores, supermarkets, and natural food stores. The company provides organic and conventional soy foods, soy milk, seitan, rice noodles and rice noodle rolls, and sauce. It markets and sells its products through distributors in the United States. The company was founded in 1990 and is based in Philadelphia, Pennsylvania.

ClearWater Solutions

Private Equity Round in 2021
Clearwater is a provider of safe, environmentally friendly disposal of waste water used by the oil and gas industry in the Marcellus and Utica Shale areas.

Response Networks

Venture Round in 2001
Response Networks offer business communications solutions designed to speed your Response to your clients, partners and prospects.

Lane Power & Energy Solutions

Private Equity Round in 2019
Lane Power & Energy Solutions Inc is a project development company. The company focuses on the use of solution-mined caverns in salt formations for hydrocarbon storage and waste management projects. It develops, constructs, and operates underground salt cavern natural gas storage facility; and an underground storage facility for liquid petroleum gases. The company also provides engineering and construction support services. Its engineering and construction support services includes feasibility studies, consulting, regulatory permitting, conceptual design development, design and construction management, project management, drilling management. Lane Power & Energy Solutions Inc. was founded in 2017 and is headquartered in Houston, Texas.

JOBS Group

Private Equity Round in 2019
JOBS Group is a service company that provides building window cleaning and maintenance services. They also provide skyscraper maintenance, window washing, waterproofing, elevator redesign and new construction, and preventive maintenance for architectural surfaces.

Vidaris

Private Equity Round in 2006
Vidaris, together with its affiliates, assists real estate owners, institutions and other project stakeholders realize their goals and objectives in the areas of building envelope, energy efficiency, construction, code and specialty engineering. The group employs over 275 professionals in fifteen offices.

Movilitas

Private Equity Round in 2013
Movilitas Consulting delivers premier SAP Supply Chain, Track & Trace and Mobility Solutions to customers on an international basis. Movilitas' solutions help our customers take their businesses to new heights by enhancing control of their extended supply chains, ensuring their compliance with global regulations, and optimizing their field-based business processes. We help our clients quickly adapt and adopt advanced IT solutions to these enterprise challenges.

Imaging Automation

Venture Round in 2002
Imaging Automation offers a range of document authentication, biometrics, and data collection solutions. The company offers products used to authenticate identification documents such as passports, visas, national identification cards, and drivers’ licenses. Its products are used in security applications in the government, and travel and transportation industries. Imaging Automation, Inc. was founded in 1991 and is based in Bedford, New Hampshire.

Eagleton Engineering

Private Equity Round in 2011
Founded in 1965, Eagleton specializes in pipeline engineering, primarily providing professional services and resources to the oil, gas and petrochemical industries. The firm’s services cover the full life cycle of project planning and delivery, from conceptual studies and design to full turnkey engineering, procurement and construction solutions and operational support.

Keystone Bakery

Private Equity Round in 2000
Keystone Bakery is a privately held company engages in the production and distribution of baked products.

Nomadix

Series D in 2002
Nomadix is a provider of intelligent network devices, offers reliable and secure wireless computing, bandwidth management, visitor based networks and public Internet access solutions for businesses of any size. Having shipped more than 50,000 Gateways around the world, Nomadix offers an extensive portfolio of patented functionality options needed to successfully launch public access networks. The Nomadix Gateway makes it easy for operators and venue owners to deploy cost-effective, secure and easy-to-use high-speed Internet gateways in their establishments. The Nomadix Gateway is specifically designed to control network connectivity in several industries, such as hospitality, telecommunication, healthcare and education.

Imagicast

Series C in 2000
Imagicast, Inc. provides strategic merchandising solutions for retailers.

QMENTA

Seed Round in 2020
QMENTA is a cloud-based medical image analysis and visualization platform that helps specialists provide better diagnosis and treatment for patients with brain diseases by quantifying changes in the patient’s brain. This helps to accelerate the discovery and development of new treatments for brain diseases. With QMENTA's cloud platform, specialists (researchers, neurologists, neurosurgeons, neuroradiologists) can upload medical images, have them processed, and access big datasets all in one place, within the browser, without the need to install and maintain any software. They can carry out advanced analyses with our proprietary tools and visualize the images with LeapMotion, thus we provide an intuitive, touch-less and sterilized way to bring these advanced imaging tools into the hands of the doctors, at the point of care, right in the operating room. Top-notch researchers all around the world have been using our platform that is infinitely scalable for data management, analysis, visualization, and sharing purposes. With our publicly accessible platform, you can advance your data and understanding of thousands, even millions of images. QMENTA is FDA Title 21 parts 11 & 820, Annex11, IEC 62304, GDPR, and HIPAA compliant. We take the privacy and security of patients data very seriously.

Rocore Holdings, Inc.

Private Equity Round in 2008
Rocore, headquartered in Indianapolis, USA was founded in Greendale, Wisconsin in 1984 as a supplier of fabricated sub-assemblies used in heavy duty industrial radiators. Today Rocore focuses on heavy duty industrial end markets including Power Generation, Petrochemical, Oil & Gas, Rail, On-Highway and Off-Highway. Rocore maintains five operating facilities in the USA & one outside the USA, plus multiple sales offices. Rocore supplies a wide variety of heat exchange solutions, products and services into its identified end market segments. With over one million heat exchangers manufactured, Rocore’s foundation is truly built around customer satisfaction through our service, product quality, capability and flexibility to meet customer needs.

Evofem Biosciences

Post in 2021
Evofem Biosciences, Inc., a biopharmaceutical company, develops and commercializes various products to address unmet needs in women’s sexual and reproductive health. Its commercial product is Phexxi, a vaginal gel for the prevention of pregnancy. The company is also involved in the development of EVO100, a vaginal pH regulator for the prevention of urogenital transmission of Chlamydia trachomatis infection and Neisseria gonorrhoeae infection in women. Evofem Biosciences, Inc. is headquartered in San Diego, California.

KENDELL

Private Equity Round in 2019
KENDELL is a door manufacturing company operating from multiple locations in Minnesota.

Teledyne Judson Technologies

Private Equity Round in 2000
Teledyne Judson Technologies is a designer and manufacturer of high performance infrared detectors and accessory products.

Hometown Foods USA, Inc.

Private Equity Round in 2019
Hometown Foods USA, Inc. manufactures frozen bread, bread-type rolls, cakes, pies, and other perishable bakery products. The company offers New York style kettle boiled and hearth baked bagels, cream cakes, premium Bundt cakes, crumb cakes, and loaf cakes. It serves in-store bakeries, club stores, and foodservice distributors and operators. Hometown Foods USA, Inc. was founded in 1931 and is based in Miami, Florida.

Avalon Precision Casting

Private Equity Round in 2008
Avalon Precision Casting is a full service trunkey casting platform, a one stop shop solutions and value add components manufacturer.

E-Duction

Series A in 2000
E-Duction is at the forefront of the evolving payment industry – paying for goods and services via payroll deduction. The current advent of consumerism is creating demand for more complex payroll deduction products, including variable and dynamic products in which the deduction/payment amount may change each month. E-Duction's transaction processing capabilities make possible a wide range of profitable, consumer-friendly payroll deduction-based services which meet the key demands of today's large and small employers alike.

Arbour Group L.L.C.

Private Equity Round in 2018
Arbour Group is a leading provider of regulatory compliance products and services for the life sciences industry. They have assisted over 250 clients worldwide with the management of their business risk by assuring compliance with applicable FDA and international regulations as well as industry best practices. They have the warranted solutions for managing global compliance across the end-to-end supply chain. A cornerstone of their offerings is their enterprise software testing capabilities. They possess the knowledge base, resources, methodologies and tools necessary to ensure high quality testing required for data center, infrastructure or applications layers.

Nomadix

Series D in 2002
Nomadix is a provider of intelligent network devices, offers reliable and secure wireless computing, bandwidth management, visitor based networks and public Internet access solutions for businesses of any size. Having shipped more than 50,000 Gateways around the world, Nomadix offers an extensive portfolio of patented functionality options needed to successfully launch public access networks. The Nomadix Gateway makes it easy for operators and venue owners to deploy cost-effective, secure and easy-to-use high-speed Internet gateways in their establishments. The Nomadix Gateway is specifically designed to control network connectivity in several industries, such as hospitality, telecommunication, healthcare and education.

Garena Online Private Limited

Private Equity Round in 2015
Garena is one of the largest internet companies in Southeast Asia and has over 1000 employees.

Target Engineering

Private Equity Round in 2016
Target Engineering Group (TEG) was founded in 1999 and specializes in providing construction management, professional engineering and construction inspection services. TEG was ranked as one of the nation’s Top 100 Construction Management-for-Fee/PM firms in Engineering News Record’s 2014 rankings. Major clients include a diverse group of state and local government agencies throughout the State of Florida. Target Engineering Group believes that a successful project begins with a well-planned approach to meet the client’s engineering and technical needs. This is achieved through a “partnering” strategy on projects combined with a strong commitment to work closely with clients from project inception to completion. TEG’s team of professionals has participated in a wide range of transportation, civil engineering and public/institutional projects. These professionals have demonstrated expertise in highways, roadway, moveable bridges, segmental bridges, fixed bridges, tolling facilities, service plaza facilities, airports, drainage, utilities and buildings. In addition, Target Engineering Group has expertise in Emergency Disaster Recovery Management.

Envestnet

Series B in 2001
Envestnet, Inc., together with its subsidiaries, provides intelligent systems for wealth management and financial wellness in the United States and internationally. It operates through Envestnet Welth Solutions and Envestnet Data & Analytics segments. The company’s product and services include Envestnet | Enterprise, which provides an end-to-end open architecture wealth management platform, as well as sells data aggregation and reporting, data analytics, and digital advice capabilities; Envestnet | Tamarac that provides trading, rebalancing, portfolio accounting, performance reporting, and client relationship management software; and Envestnet | MoneyGuide that provides goals-based financial planning solutions to the financial services industry. It also provides Envestnet | Retirement Solutions, which offer a suite of services for advisor-sold retirement plans; and Envestnet | Portfolio Management Consultants that provide research and consulting services to assist advisors in creating investment solutions for their clients, and portfolio overlay and tax optimization services, as well as data aggregation and data analytics platform, which offers cloud-based innovation for digital financial services. The company primarily serves banks, wealth management and brokerage firms, internet services companies, and registered investment advisers. Envestnet, Inc. was founded in 1999 and is headquartered in Chicago, Illinois.

E-Duction

Series B in 2000
E-Duction is at the forefront of the evolving payment industry – paying for goods and services via payroll deduction. The current advent of consumerism is creating demand for more complex payroll deduction products, including variable and dynamic products in which the deduction/payment amount may change each month. E-Duction's transaction processing capabilities make possible a wide range of profitable, consumer-friendly payroll deduction-based services which meet the key demands of today's large and small employers alike.

Movilitas

Acquisition in 2013
Movilitas Consulting delivers premier SAP Supply Chain, Track & Trace and Mobility Solutions to customers on an international basis. Movilitas' solutions help our customers take their businesses to new heights by enhancing control of their extended supply chains, ensuring their compliance with global regulations, and optimizing their field-based business processes. We help our clients quickly adapt and adopt advanced IT solutions to these enterprise challenges.

Shanghai YouYou (Group) Co., Ltd.

Venture Round in 2009
Shanghai YouYou (Group) Co., Ltd. engages in the development and management of real estate properties in China and internationally.

WorldStor

Series B in 2000
A leading storage services provider