Oakbrook Terrace, Illinois-based Arbour Group, a provider of regulatory compliance services for the global life sciences industry, has secured an undisclosed amount of funding. The investor was Keystone Capital Inc.
Keystone Capital, Inc. (“Keystone”) is pleased to announce that it has completed an investment in Arbour Group, LLC (“Arbour” or “the Company”).
Arbour, based in Oakbrook Terrace, Illinois, is a leading provider of regulatory compliance services for the global life sciences industry. Arbour specializes in the areas of software validation, packaged compliance solutions, and software testing/auditing to ensure client compliance with applicable global regulatory bodies such as the U.S. FDA and the EU EMA (European Medicines Agency). Arbour partners with name-brand clients in the pharmaceutical, biotechnology, and medical device fields both domestically and internationally.
Arbour was originally founded in 1997 as a spin-out of accounting and tax advisory firm AM&G. In addition to its headquarters in the U.S., Arbour maintains sales offices throughout North America and international locations in Dubai, UAE and Manila, Philippines.
For more information on Arbour, please visit the company’s website at www.arbourgroup.com.
“We are excited about the potential for our partnership with Alex Patterson and the management team at Arbour Group,” commented Jason Van Zant, Managing Director at Keystone Capital. “Arbour is another great example of our continued focus on partnering with specialized technology enabled consulting and professional services firms. The growth and consolidation of the global regulatory compliance market, particularly in life sciences, will present ample opportunities for Keystone and management to expand this platform.”
Senior management team members Alexander Patterson, Christopher McNally, and Ahsan Raza will be continuing in their current roles and as significant investors in Arbour post-closing. Mr. Patterson, President and CEO of Arbour, noted: “Arbour’s success over the past 20 years as a privately held company made Keystone a logical choice as a potential partner given their long-term, growth orientation. Keystone’s relevant experience with businesses like Arbour, including other regulatory compliance oriented businesses such as Greeley and Movilitas, was appealing to us and we are looking forward to the opportunity to grow our business with them.”
Terms of the transaction are not being disclosed. Senior debt financing was provided by CIBC, legal counsel was provided to Keystone by Honigman Miller Schwartz and Cohn, LLP, and Arbour Group was advised by Scott-Macon Investment Banking in connection with this transaction.