PE-backed GCR buys certain assets of STR


GCR Inc, which is backed by HKW, has acquired certain assets of Fairfax, Virginia-based STR, a provider of software and services for grants management and disaster recovery programs. No financial terms were disclosed.

PRESS RELEASE

INDIANAPOLIS, IN – GCR, Inc. (“GCR”), a portfolio company of HKW, Inc. has announced the acquisition of certain assets of STR.GRANTS, LLC (“STR”) on February 11, 2019. STR, headquartered in Fairfax, VA, was founded in 1985 and is a software development business that provides software and services for grants management and disaster recovery programs. eGrants Plus is STR’s end to end grants management platform for both grantees and grantors, with applications across a wide variety of government departments. eGrants is derived from eGrantsPlus, and is a software solution for distribution of HUD Community Development Block Grants (“CDBG”) in response to natural disasters. eGrants was custom built for disaster recovery applications in Louisiana and Mississippi in the wake of Hurricane Katrina, and also used by the state of New Jersey in the aftermath of Hurricane Sandy.

Dan Cox, CEO of GCR, stated “STR’s solutions will further expand GCR’s technology offering in the Grants Management sector. Combining STR and MB3 (previous acquisition) with GCR’s recovery and resilience consulting services provides our disaster recovery clients a complete solution for program administration, oversight, compliance, and closeout.”

Mike Foisy, HKW’s Lead Operations Partner and Chairman of GCR’s Board of Directors, stated “The acquisition of STR enhances GCR’s suite of solutions that helps state and local governments become more efficient and in this case, with Grants Management, facilitating the distribution of disaster recovery dollars to help people and organizations in time of need.

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/.

About HKW – HKW is a private equity firm founded in 1903 with offices in Indianapolis and New York. Since 1982, HKW has sponsored 60 platform transactions of lower middle-market companies throughout North America, as well as 63 add-on acquisitions. For more information on HKW, please visit www.hkwinc.com.

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