HAMMOND, KENNEDY, WHITNEY & COMPANY, INC. ANNOUNCES ADD-ON ACQUISITION BY GATEKEEPER SYSTEMS, INC.

Indianapolis, IN – Gatekeeper Systems, Inc. (“Gatekeeper”), a portfolio company of Hammond, Kennedy, Whitney & Company, Inc. (“HKW”) announced that it closed on the acquisition of Carttec GmbH (“Carttec” or “the Company”) on July 24, 2017. Carttec, headquartered in Eislingen, Germany, is a distributor of cart containment and loss prevention solutions primarily in Europe.

Michael Lawler, CEO of Gatekeeper, stated, “Our commitment to providing customers with world-class products backed by unsurpassed service and support drove our decision to make this move. It will allow customers in Europe to receive the same high level of service and innovation that we provide around the world.”

“The acquisition of Carttec is an exciting addition to the Gatekeeper business, further expanding and simplifying Gatekeeper’s international operations,” said Mike Foisy, HKW’s Lead Operations Partner and Chairman of Gatekeeper’s Board of Directors.

About Gatekeeper – Gatekeeper, headquartered in Irvine, California, offers a product suite of intelligent cart solutions to minimize merchandise loss and reduce asset and labor expenditures. For additional information on Gatekeeper, please visit http://www.gatekeepersystems.com/.

About HKW – HKW is a private equity firm founded in 1903 with offices in Indianapolis and New York. Since 1982, HKW has sponsored 53 platform transactions of lower middle-market companies throughout North America, as well as 60 add-on acquisitions. For further information on HKW, please visit www.hkwinc.com.