Who we are
Over 20 years investing patient capital
Our story began in 1994 when Keystone’s founders acquired a niche business services company and ran it as day-to-day executive management. They grew the business dramatically through organic growth and multiple accretive acquisitions and eventually merged it into a large publicly traded company. These entrepreneurial roots created what Keystone is today – we invest in market leading companies in close partnership with management. We take each investment personally. We do not have a short-term outlook, preferring to exercise the patience and dedication needed to build highly successful companies. We have operating experience, so we can roll up our sleeves alongside our management partners, respecting and learning from their deep expertise while providing our full support and guidance.
Keystone’s investments all share one thing in common – a mutual commitment by management and Keystone to build a sustainable, market-leading business thoughtfully and patiently. Our story is just beginning. We are hungry to continue aggressively investing in first-class companies, partnering with great teams, and enjoying the journey along the way.
Keystone's approach
INVEST
GROW
SUPPORT
Keystone is single-mindedly focused on working hand-in-hand with business leaders to create long-term value. Investing patient, long term capital affords us tremendous flexibility. It provides us with a risk-return profile in sync with management and allows us to make decisions based on long-term goals while forging true partnerships with our management teams through good times and bad.
Our partnership approach extends to the third-party service providers with whom we work. We have steadfast, long-standing banking relationships providing us strength, security, and reliable financial support, even in uncertain economic times. For investment bankers, brokers, and other intermediaries, we pride ourselves on only committing to what we can deliver. Our size, entrepreneurial approach, and focus results in quick decisions and certainty to close for sellers which we have consistently demonstrated over the last 25+ years.
Providing a strong value proposition for everyone we do business with is paramount. It is how we create value in ways beyond the numbers.
The Keystone difference
Operating Partnership
Timely and professional execution
Long-term investment horizon
What you can expect
- Business owners
- Intermediaries
- Management teams
- Financing partners
What you can expect
Keystone has a unique approach to the investment business of using its own capital, taking a long-term view of building the business and supporting the operations, even when the return on its investment could be adversely impacted.
Testimonials and endorsements reflect Keystone's and portfolio company management's opinions and beliefs regarding the company and the investment. Such opinions and beliefs are subjective, do not represent a complete assessment of the company, the market or Keystone's overall investment performance and cannot be independently verified. Such statements are being offered as references for purposes of demonstrating the benefits of working with the Keystone team and not on the basis of being an investor in a portfolio company or, if applicable, a Keystone fund. Portfolio company executives receive/received a salary and economics from the portfolio company. No executives were paid for their testimonial or endorsement. There is a conflict of interest in these unpaid testimonials and endorsements in that all speakers stand to benefit from Keystone's success and for the portfolio company executives specially, their company is owned or partially owned by a Keystone fund.
Acquisition criteria
Portfolio companies
Former
Arbour Group
Business & professional services
Former
Atlas Die
Industrial technology & manufacturing
Former
Avalon Precision Metalsmiths
Industrial technology & manufacturing
Current
Baily International
Consumer & food
Current
BarkleyOKRP
Business & professional services
Former
Capsa Healthcare
Industrial technology & manufacturing
Current
Cherry Hill Programs
Business & professional services
Current
ClearWater Solutions
Business & professional services
Former
Controlled Products
Industrial technology & manufacturing
Current
Consor
Business & professional services
Former
Costume Gallery
Consumer & food
Former
Eagleton Engineering
Business & professional services
Former
Environments for Health (e4h)
Business & professional services
Current
Foundation Dental Partners
Business & professional services
Former
Greeley
Business & professional services
Current
Identiti
Business & professional services
Current
Inspire11
Business & professional services
Current
Integra
Business & professional services
Former
JOBS Group
Business & professional services
Former
Judson Technologies
Industrial technology & manufacturing
Current
KENDELL
Business & professional services
Former
Keystone Bakeries
Consumer & food
Former
Keystone Natural Holdings
Consumer & food
Former
KFT Fire Trainers
Business & professional services
Former
Lane Power & Energy Solutions, Inc.
Industrial technology & manufacturing
Current
MERGE
Business & professional services
Former
Movilitas Consulting
Business & professional services
Current
Novatio
Business & professional services
Current
P10 Holdings
Business & professional services
Former
Peak-Ryzex
Business & professional services
Current
Pinchin
Business & professional services
Former
Polymicro Technologies
Industrial technology & manufacturing
Testimonials and endorsements reflect Keystone's and portfolio company management's opinions and beliefs regarding the company and the investment. Such opinions and beliefs are subjective, do not represent a complete assessment of the company, the market or Keystone's overall investment performance and cannot be independently verified. Such statements are being offered as references for purposes of demonstrating the benefits of working with the Keystone team and not on the basis of being an investor in a portfolio company or, if applicable, a Keystone fund. Portfolio company executives receive/received a salary and economics from the portfolio company. No executives were paid for their testimonial or endorsement. There is a conflict of interest in these unpaid testimonials and endorsements in that all speakers stand to benefit from Keystone's success and for the portfolio company executives specially, their company is owned or partially owned by a Keystone fund.
The Keystone team
Megan C. Anderson
Compliance, ESG, and Finance Coordinator
Matthew Blanks
Vice President
Kent P. Dauten
Chairman
Matt DeLong
Principal
Erik Gernant
Principal
David A. Greer
Managing Director
Scott L. Gwilliam
Managing Partner
Patrick Helle
Analyst
Maggie Horak
Analyst
Dennis J. Howe
Managing Director
Chaoran Jin
Managing Director
Laura B. Johnson
Vice President of Finance
Jack Kolb
Analyst
Todd Lanscioni
Managing Director
Sean Lyons
Vice President
Jennifer Maes
Accounting Manager
Kevin S. Overby
Vice President
Katie Perry
CFO & CCO
Brian Prendergast
Vice President
Bill Sommerschield
Managing Director
Keystone news
March 2024
Keystone Capital Welcomes Matt DeLong
February 2024
Keystone Capital Closes Oversubscribed Fund III
October 2023
Keystone Capital Announces Partnership with Baily International
August 2023
Keystone Capital Announces Partnership with Identiti Resources
May 2023
Pinchin Continues Expansion Into U.S. Through Partnership With Ransom Consulting
January 2023
Keystone Capital Welcomes Todd Lanscioni
November 2022
Keystone Capital Named to Inc.’s 2022 List of Founder-Friendly Investors
October 2022
Keystone Capital Successfully Exits Its Investment in Environments for Health
October 2022
Integra Testing Services Completes Acquisition of RSA
September 2022
Keystone Capital Successfully Exits Its Investment in Keystone Natural Holdings
August 2022
Keystone Capital Announces Partnership with Novatio Solutions
June 2022
Keystone Capital Launches New Bakery Platform
April 2022
VDA Acquires Sierra Consulting Group
February 2022
Keystone Capital Announces Partnership with Pinchin and PM Environmental
February 2022
Keystone Announces Formation of Integra Testing Services
January 2022
Keystone Capital Successfully Exits Its Investment in Movilitas
January 2022
ClearWater Solutions Announces Acquisition of Midwest Water Operations
December 2021
Keystone Capital Announces Partnership with VDA
October 2021
Keystone Capital Announces Acquisition of Perkuto by Portfolio Company MERGE
August 2021
Keystone Announces Acquisition of Blue Moon Digital by Portfolio Company MERGE
June 2021
Keystone Capital Management, LP Closes Debut Institutional Fund
April 2021
Keystone Capital Successfully Exits Its Investment in Peak-Ryzex
April 2021
JOBS Group Merges with Valcourt Building Services
January 2021
KENDELL Announces Acquisition of Watson Security
January 2021
Keystone Capital Announces Partnership with Inspire11
January 2021
JOBS Group Announces Two Acquisitions
June 2020
Keystone Capital Partners with JOBS Building Services; Welcomes CEO Eric Crabb
March 2020
Merge Announces Acquisition of Sandbox Group
February 2020
Keystone Capital Exits Arbour Group
January 2020
Keystone Capital Announces Sale of Greeley
January 2020
Keystone Capital Announces Formation of Foundation Dental Partners
October 2019
Cherry Hill Programs Partners with Santa Claus to Launch WhereIsSanta.com
October 2019
Keystone Capital Announces Partnership with Lane Power & Energy Solutions, Inc.
August 2019
Keystone Capital Announces Partnership with Hometown Foods USA
August 2019
Keystone Capital Announces Sale of Avalon
August 2019
Keystone Capital 2019 Professional and Staffing Updates
June 2019
Cherry Hill Programs Announces Acquisition of Photogenic
June 2019
Keystone Capital Announces Partnership with KENDELL
May 2019
Keystone Natural Holdings Acquires WestSoy
May 2019
CONSOR Announces Acquisition of Structural Grace
May 2019
Merge Announces Acquisition of Beam
December 2018
Keystone Capital Announces Partnership With MERGE
March 2018
E4H Architecture Announces Acquisition of RSG Architects
January 2018
Keystone Capital Announces Partnership with Arbour Group LLC
December 2017
Keystone Natural Holdings Acquires J.P. Veggies and Superior Tofu
October 2017
Keystone Capital Announces the Sale of Rocore Inc.
September 2017
Keystone Capital Announces the Sale of Capsa Healthcare
August 2017
Keystone Capital Announces the Sale of Atlas Die LLC
January 2017
Keystone Capital is Pleased to Announce the Following Internal Promotions!
August 2016
Keystone Capital Announces Partnership with The Greeley Company
June 2016
Keystone Capital Announces Partnership with Nature Soy
June 2016
Formation of Environments for Health Architecture
January 2016
Keystone Capital Announces Partnership with Target Engineering Group
December 2015
Keystone Capital Announces Partnership with Cherry Hill Photo
December 2015
Peak-Ryzex Announces Acquisition of M-Netics
August 2015
Capsa Solutions Announces the Acquisition of Rubbermaid Healthcare
July 2015
Peak-Ryzex Announces Acquisition of Manage Mobility
July 2015
Keystone Capital Announces Partnership With MorrisSwitzer
June 2015
Rocore Announces Acquisition of CTI Industries
May 2015
Keystone Capital Announces Sale of Vidaris
October 2014
Keystone Capital Welcomes Two New Hires
September 2014
Scott Group Completes Acquisition of Hokanson Carpets
July 2014
Keystone Portfolio Company Capsa Solutions Announces Acquisition of Kirby Lester
April 2014
Avalon Precision Casting Completes Acquisition of Precision Metalsmiths
March 2014
Keystone Capital Announces Acquisition of Kidde Fire Trainers
February 2014
Keystone Capital Announces Sale of Eagleton Engineering
January 2014
Keystone Capital Announces Partnership With Scott Group Custom Carpets
September 2013
Keystone Capital Welcomes Two New Hires
July 2013
Keystone Capital Announces Two Add-On Acquisitions
April 2013
Keystone Capital Announces New Office Location
January 2013
Vidaris Announces Acquisition Of Lucius Pitkin, Inc.
September 2012
Craft Cast Completes Merger With Avalon Precision Casting Company
August 2012
PEAK Technologies Completes Acquisition of Catalyst
December 2011
PEAK Technologies Completes Acquisition of Ryzex
December 2011
Keystone Capital, Inc. Announces Two Platform Acquisitions Completed
September 2011
Keystone Capital Update: Capsa Solutions, LLC Announcement
April 2011
Keystone Capital Announces Israel Berger & Associates Transaction
April 2011
Eric Holter Joins Keystone Capital
December 2010
Keystone Capital, Inc. Announces Recapitalization of Costume Gallery
September 2010
Keystone Capital, Inc. Realizes Its Ten Year Investment in Keystone Bakery Holdings, LLC
November 2009
Capsa Solutions, LLC Acquires Artromick International, Inc.
September 2009
Keystone Bakery Holdings, LLC Acquires Heartland Baking, LLC
April 2009
Chaoran Jin Joins Keystone Capital
January 2009
Jason Van Zant Joins Keystone Capital
October 2008
Keystone Capital, Inc. Acquires Rocore Holdings
October 2008
Keystone Capital, Inc. Acquires Craft Cast Company
February 2008
Judson Technologies, LLC is Acquired by Teledyne Scientific & Imaging, LLC
Testimonials and endorsements reflect Keystone's and portfolio company management's opinions and beliefs regarding the company and the investment. Such opinions and beliefs are subjective, do not represent a complete assessment of the company, the market or Keystone's overall investment performance and cannot be independently verified. Such statements are being offered as references for purposes of demonstrating the benefits of working with the Keystone team and not on the basis of being an investor in a portfolio company or, if applicable, a Keystone fund. Portfolio company executives receive/received a salary and economics from the portfolio company. No executives were paid for their testimonial or endorsement. There is a conflict of interest in these unpaid testimonials and endorsements in that all speakers stand to benefit from Keystone's success and for the portfolio company executives specially, their company is owned or partially owned by a Keystone fund.
Contact us
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