GCR, a portfolio company of Clearview Capital, has acquired Quest Information Systems from its founder, Steve McNear. The transaction is the first add-on acquisition since GCR was acquired in December 2011.
“Until now, GCR’s focus has been the professionalization of the business platform and management of the company’s robust organic growth,” said Paul Caliento, Partner of Clearview Capital. “GCR now has the team in place to successfully bolt on additional acquisitions in areas relating to state and local government IT solutions, disaster recovery and aviation.”
Quest provides software that is used by state and local governments to manage voter information and registration, elections, and campaign finance information. Quest’s systems can be customized and integrated to meet the needs of individual jurisdictions. The company is headquartered in Indianapolis (www.questis.com).
GCR offers a range of consulting services that help clients gather, analyze and apply information, from custom developed software to information management and other professional services. The company has a specific expertise in the aviation sector, which makes up approximately one-third of its business. The remainder of the company’s customer base includes an array of public sector clients, primarily at the state and local level, as well as law firms, utilities and other commercial clients. The company is headquartered in New Orleans (www.gcrincorporated.com).
Clearview Capital was founded in 1999 by Jim Andersen and Cal Neider and is headquartered in Old Greenwich, CT with additional offices in Chicago and Los Angeles (www.ClearviewCap.com).
In addition to GCR, Clearview Capital is actively seeking add-on acquisition opportunities for several of its other portfolio companies, including: Xact Data Discovery, a provider of discovery and data management services; Northwest Cosmetics Labs, a formulator and manufacturer of skin care products; QC Supply, a wholesale distributor to the swine and poultry markets; Child Health Holdings (dba Pediatric Health Choice), a provider of prescribed pediatric extended care centers for medically complex children; Pyramid Healthcare, a provider of substance abuse and mental health treatment programs for adults and adolescents; QualSpec Group, a provider of mechanical integrity inspection and non-destructive examination services for the refining, petrochemical, power generation and other industries; and Senior Care/Active Day, an operator of adult day care centers.
© 2015 PEPD • Private Equity’s Leading News Magazine • 1-27-15
