Keane Holdings, which is backed by Lovell Minnick Partners, has agreed to buy Unclaimed Property Recovery and Reporting. Financial terms weren’t announced. New York-based Unclaimed Property Recovery provides solutions to minimize the liability and risk associated with unclaimed property for organizations.
Lovell Minnick Partners is pleased to inform you that its portfolio company, Keane Holdings Inc., has entered into a definitive agreement to acquire 100% of Unclaimed Property Recovery and Reporting (“UPRR”). This transaction is a major milestone for Keane as it is acquiring its largest competitor in the space. In addition to adding hundreds of clients to Keane’s roster, the acquisition of UPRR provides Keane with complementary products and services that will enhance its offering to customers and generate additional revenues.
Keane is the country’s leading provider of outsourced unclaimed property solutions. Keane provides financial institutions and other corporations with a full suite of professional outsourced services, including locating account owners or beneficiaries, risk mitigation, customer communication programs, recovery of escheated assets, consulting, reporting, and other unclaimed property compliance-related services. Keane is headquartered in New York, NY with a main operating facility in King of Prussia, PA and has various satellite offices across the country. For more information, please visitwww.KeaneUP.com.
UPRR offers customized solutions to minimize the liability and risk associated with unclaimed property for a vast array of organizations spanning across multiple industries. Staffed by employees with decades of experience in this field, UPRR provides clients with thorough and thoughtful answers to the most challenging unclaimed property questions. Additionally, through UPRR’s proprietary escheat compliance system, UPRR clients can be assured that the requirements of all reporting jurisdictions are met. UPRR is located in New York, NY.