Venio Acquires Assets of The Keane Organization
DFW Capital Partners announced today that its portfolio company, Venio, has completed the acquisition of the Unclaimed Property and Investor Communications and Retention divisions of The Keane Organization. The combined business will be renamed Keane, an industry brand in existence for over 60 years. Keane is the largest provider of lost shareholder and lost account discovery and settlement services in the industry, offering a full suite of unclaimed property communications, compliance and consulting services to the financial services industry. The company serves numerous banks, brokerage firms, stock transfer agents, corporate issuers and mutual fund companies.

In 2008, DFW completed its original acquisition of three commonly-controlled, though independent, businesses in the unclaimed property industry. Under the leadership of new CEO, Michael O’Donnell, Venio was formed to consolidate these businesses into a single services platform to serve the pre-escheatment account services needs of banks, mutual funds and corporate issuers. Venio quickly became the #2 player in this niche industry, and with the acquisition of industry-leader Keane, the new company will offer unprecedented coverage of the financial services marketplace.

Michal O’Donnell, Keane’s CEO, noted “The acquisition of Keane advances our strategic plan of becoming the dominant player in our niche industry. DFW was instrumental in sourcing and negotiating the transaction, raising the necessary capital and providing strategic leadership in the implementation of the combination of these two businesses.”

DFW provided additional equity capital to complete the Keane acquisition, as well as fund the buyout of certain minority partners in the original Venio transaction. Debt and equity co-investment capital was provided by Maranon Capital.


About DFW Capital Partners

DFW Capital Partners is a private equity investment firm focused on lower middle-market companies. The firm concentrates on service companies, with an emphasis on healthcare and outsourced business and industrial support services. DFW is backed by both institutional and high-net worth individual investors, and has established a 20+ year track record of success in both building leading companies, and recognizing excellent returns for its investors. DFW is headquartered in Teaneck, NJ. For more information contact Keith Pennell, General Partner, at (201) 836-6000.