Hammond, Kennedy, Whitney & Company, Inc. Announces the Acquisition of GCR, Inc.
Indianapolis, IN – Hammond, Kennedy, Whitney & Company, Inc. (“HKW”) announced that it closed on the acquisition of GCR, Inc. (“GCR” or “Company”) on December 21, 2017. GCR, headquartered in New Orleans, LA, provides professional services and software products to public sector clients. Software suites include business registration/filings, voter registration, campaign finance, nuclear water chemistry management, and airport management. For more information on GCR, please visit www.gcrincorporated.com.
Dan Cox, CEO of GCR, said “We are excited to partner with HKW as we continue to expand our solutions for State and Local Governments. HKW’s experience and culture is a perfect match for our organization and strategic objectives.”
“GCR fits squarely into HKW’s tech-enabled business services focus, and we are very excited to partner with Dan Cox and the GCR management team,” said Luke Phenicie, HKW’s Lead Transaction Partner. “GCR’s software-focused delivery model helps state and local governments become more efficient, and our research shows that well-established trend will continue into the future. The company has many exciting growth opportunities in the near term, and we are very excited to support the team during its next phase of expansion.”
Tom Shaw, HKW Vice President, said, “The opportunity to partner with GCR’s experienced management team is very attractive to HKW. GCR’s commitment to providing the highest quality service to its customers makes us confident in the future success of the business.”
HKW is a private equity firm founded in 1903 with offices in Indianapolis and New York. Since 1982, HKW has sponsored 56 platform transactions of lower middlemarket companies throughout North America, as well as 61 add-on acquisitions. For further information on HKW, please visit www.hkwinc.com.Taft Stettinius & Hollister LLP (“Taft”) served as legal advisor to HKW. For further information on Taft, please visit www.taftlaw.com.