HKW Announces Add-On Acquisition by GCR, Inc.
INDIANAPOLIS, IN – July 18, 2018 — GCR, Inc. (“GCR”), a portfolio company of Hammond, Kennedy, Whitney & Company, Inc. (“HKW”) has announced the acquisition of MB3 Technologies, Inc. (“MB3”) on July 16, 2018. MB3, headquartered in Ottawa, Ontario, is a software development company focused on emergency grants management. This acquisition further strengthens GCR’s software solutions for public safety and disaster recovery.
Dan Cox, CEO of GCR, stated “Our commitment to be the market leader in public-sector solutions drove our decision to acquire MB3. MB3’s flagship grants management software, EMGrantsPro (“EMGP”) has supported states across the US for some of the largest disasters in recent history. Combining EMGrantsPro with GCR’s recovery and resilience consulting services provides our grants management clients a complete solution for their complex programs.”
“The acquisition of MB3 is an exciting addition to the GCR suite of solutions that help state and local governments to become more efficient,” added Mike Foisy, HKW’s Lead Operations Partner and Chairman of GCR’s Board of Directors. He went on to say “This is our first add-on acquisition for GCR since they joined HKW in December 2017. We look forward to additional strategic add-ons to support the team and broaden their software-focused delivery model.”
About GCR Inc.
GCR is an international professional services firm based in New Orleans, LA. Since 1979, GCR has been partnering with government and commercial clients to deliver consulting services and technology solutions in aviation, elections, urban and transportation planning, energy, public safety and disaster recovery. For further information on GCR, please visit https://gcrincorporated.com/.
HKW is a private equity firm founded in 1903 with offices in Indianapolis and New York. Since 1982, HKW has sponsored 57 platform transactions of lower middle-market companies throughout North America, as well as 62 add-on acquisitions. For further information on HKW, please visit www.hkwinc.com.