BV Investment Partners has acquired a majority stake in Dallas-based RKD Group, a provider of omnichannel fundraising and marketing services for the nonprofit sector. No financial terms were disclosed. The Jordan, Edmiston Group, Inc served as financial adviser to RKD on the deal.
BOSTON, January 30, 2019 – BV Investment Partners (“BV”), a middle-market private equity firm focused on the business services, software and IT services sectors, today announced that it has acquired a majority interest in RKD Group, LLC, a market-leading provider of omnichannel fundraising and marketing services to the nonprofit sector, in partnership with RKD’s management team.
RKD Group (www.rkdgroup.com), headquartered in Dallas, has raised billions of dollars for its clients and currently serves over 260 nonprofit organizations, within segments such as hospitals, social service, health, disease research, animal welfare, and faith-based charities. Nonprofits rely on RKD’s data-driven, omni-channel solutions to generate net revenue, accelerate growth, build long-term donor relationships, and drive online and offline donor engagement.
Tim Kersten, Chief Executive Officer of RKD, said, “RKD serves as a powerful partner to help non-profit organizations efficiently build deep relationships with donors and empower them to fund their missions and make a lasting impact on the world. We are proud of the strong and resilient company we have built and the causes we help serve. With BV’s partnership and experienced leadership team, we are well positioned to build on our standing as a trusted advisor to a robust client base.”
Mike Ricciardelli, Managing Director of BV, said, “RKD’s fundraising services produce the ‘lifeblood’ of most nonprofit organizations – namely, individual donations. Their robust direct response offering, across digital and non-digital media, is supported by specialized in-house data analytics, strategic planning, donor segmentation, creative services, and customized reporting and insights. Additionally, the company is developing new software-based products that will further help nonprofit organizations better manage their fundraising and engagement with donors and members.”
Sean Wilder, Principal of BV, said, “The investment in RKD aligns well with BV’s experience in the constituent engagement and outsourced marketing services sector. The Company provides a high ROI driven business service to the very large and resilient nonprofit market. We have partnered with a topnotch management team, and we look forward to executing on the next leg of growth for RKD. With over 220,000 addressable U.S. nonprofit clients, RKD has only just scratched the surface of its future potential scale.”
RKD is BV’s sixth investment in its ninth Fund. The Jordan, Edmiston Group, Inc. served as the financial advisor to RKD in the transaction.
About BV Investment Partners
BV Investment Partners is currently investing its ninth private equity fund. The firm is one of the oldest and most experienced sector-focused private equity firms in North America. Since its founding in 1983, the firm has invested over $3.3 billion in more than 96 companies, actively targeting investments in the business services and information technology services industries. For more information, please visit www.bvlp.com.
About RKD Group
RKD Group is a leading fundraising and marketing services provider to more than 260 nonprofit organizations, including hospitals, social service, health, disease research, animal welfare, and faith-based charities. RKD Group’s multichannel approach leverages technology, advanced data science, and award-winning strategic and creative leadership to accelerate net revenue growth, build long-term donor relationships, and drive online and offline engagements and donations. With a growing team of 200+ professionals, RKD Group creates breakthroughs never thought possible. For more information, please visit www.rkdgroup.com.