Indianapolis, IN – September 2, 2016 – Hammond, Kennedy, Whitney & Company, Inc. (“HKW”) announced that it closed on the acquisition of Gatekeeper Systems, Inc. (“Gatekeeper” or “Company”) on September 2, 2016. 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/.

Michael Lawler, CEO of Gatekeeper, stated, “We are excited to partner with HKW as we continue to expand our business.  HKW’s experience and culture is a perfect match for our organization.”

“We are pleased to partner with Michael Lawler and the rest of the Gatekeeper management team as they continue to build a tremendous organization.  We feel fortunate they chose HKW as their investment partner and look forward to supporting them in the Company’s next phase of growth,” said Luke Phenicie, HKW’s Lead Transaction Partner.  “Gatekeeper’s consistent growth and strong customer relationships, combined with its talented team and industry growth prospects, makes this an exciting investment for us. We look forward to a successful partnership.”

Gatekeeper was represented by Wunderlich Securities, Inc. in this transaction.

About HKW

HKW is a private equity firm founded in 1903 with offices in Indianapolis and New York.  Since 1982, HKW has sponsored 52 platform transactions of lower middle-market companies throughout North America, as well as 56 add-on acquisitions.  For further information on HKW, please visit www.hkwinc.com.