Gatekeeper Systems Inc, which is backed by Hammond, Kennedy, Whitney & Company Inc, has acquired San Diego-based Carttronics Inc, which helps retailers improve their profitability. No financial terms were disclosed.
Indianapolis, IN – Gatekeeper Systems, Inc. (“Gatekeeper”), a portfolio company of Hammond, Kennedy, Whitney & Company, Inc. (“HKW”) announced that it closed on the acquisition of Carttronics, Inc. (“Carttronics” or “the Company”) on February 2, 2017. Carttronics, headquartered in San Diego, California, further expands Gatekeeper’s capabilities in the shopping cart containment, loss prevention and retail analytics markets.
Michael Lawler, CEO of Gatekeeper, stated, “This is a great opportunity to expand our product portfolio and increase our service capabilities to the customer bases of both companies.”
“The acquisition of Carttronics is an exciting addition to the Gatekeeper business, further expanding the Company’s loss prevention and cart containment product offerings,” said Mike Foisy, HKW’s Lead Operations Partner and Chairman of Gatekeeper’s Board of Directors.
About Gatekeeper – Gatekeeper, headquartered in Irvine, California, offers a product suite of intelligent cart solutions to minimize merchandise loss and reduce asset and labor expenditures. For additional information on Gatekeeper, please visit http://www.gatekeepersystems.com/.
About HKW – HKW is a private equity firm founded in 1903 with offices in Indianapolis and New York. Since 1982, HKW has sponsored 53 platform transactions of lower middle-market companies throughout North America, as well as 57 add-on acquisitions. For further information on HKW, please visit www.hkwinc.com.