Generational Equity Announces Sale of Cache Inc. dba Kerr Consulting to Proviso Capital
17 Jan, 2017, 02:00 ET
DALLAS, Jan. 17, 2017 /PRNewswire/ -- Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the acquisition of its client, Cache Inc. dba Kerr Consulting of The Woodlands, Texas, by Proviso Capital of New York City. The acquisition closed January 3, 2017. Details were not disclosed.
Founded in 1987, Kerr Consulting (Kerr) is a full-service provider of IT services including accounting and enterprise resource planning (ERP) solutions, along with customer relationship management (CRM) and human resources software. Kerr's client base is global, with more than 2,200 clients in all 50 states and more than 20 countries; Kerr serves its clients through 10 offices across the United States. The company is a preferred-level Sage reseller and ranks consistently in the top 20 of Sage resellers.
"We're excited to enter into this new phase of our history," said Founder and Managing Partner Dave Kerr. "I have enjoyed building this business and this team for over 25 years. I'm certain that with the expertise that Proviso brings to our leadership team, we'll be able to achieve growth levels beyond anything we've accomplished to date." He continued, "I believe this to be good news to all existing employees and customers, as Kerr Consulting is the first acquisition by this group and will become the foundational piece for future complementary acquisitions." Dave Kerr will remain the CEO.
Proviso Capital is a private equity firm that provides capital and strategic resources to lower middle market companies. The company pursues established businesses with strong management teams and a solid operating history with hyper growth potential.
Generational Equity Managing Director Michael Goss and his team, headed by trusted M&A advisor Gary Milleson, and VPs Bryan Gooden and Luan Ly, led the deal to a successful close. "Like most deals, we had a few challenges, but the great relationship and positive attitude that was formed between Dave Kerr and the Proviso team was the answer to bring this to a positive close," said Milleson.
About Generational Equity
Generational Equity, part of the Generational Group headquartered in Dallas with over 200 professionals located throughout North America, helps business owners release the wealth of their business by providing merger, acquisition and strategic growth advisory services. Their four-step approach features exit planning education, business valuation, value enhancement strategies, and M&A transactional services. The M&A Advisor recently named the company its 2016 Investment Banking Firm of the Year. For more, visit www.genequityco.com and the Generational Equity press room.
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