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Investment Bank
FINANCIAL | Investment Banking
chartercapitalpartners.com

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Investments

15

Portfolio Exits

2

Funds

7

About Charter Capital Partners

Charter serves middle market companies, delivering solutions across the continuum of capital. In operation since 1989, Charter is an investment banking firm serving the middle market from multiple offices in the Midwest.

Charter Capital Partners Headquarter Location

140 Monroe Center NW, Ste 300

Grand Rapids, Michigan, 49503,

United States

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Latest Charter Capital Partners News

ISG Technologies Acquired by Supply Chain Services

Jul 8, 2021

Charter Capital Partners served as exclusive M&A advisor to ISG Technologies Charter Capital Partners, a Grand Rapids, Michigan-based investment bank, announced that its client, ISG Technologies, has been acquired by Supply Chain Services, a portfolio company of Sole Source Capital. The acquisition adds to Supply Chain Services’ product portfolio and expands its geographic reach into Texas. Charter Capital Partners principals served as exclusive M&A advisor to ISG Technologies. Headquartered in Arlington, Texas, ISG is a value-added reseller of AIDC hardware and provider of managed mobility services. ISG serves blue chip customers across a variety of end markets including food and beverage distribution, retail, entertainment, warehousing, and logistics. Since 1995, ISG Technologies has provided its customers the ability to outsource their entire mobile device management operations. Supply Chain Services delivers innovative, automated data collection solutions to nearly 3,000 customers, providing critical technology that allows businesses to become more efficient and responsive. The company was acquired by Sole Source Capital in May 2020, with Charter Capital Partners serving as M&A advisor to Supply Chain Services. Through the acquisition of ISG Technologies, Supply Chain Services will continue to grow its range of data collection solutions for clients, underscoring its technology-driven product leadership and unparalleled commitment to high quality customer service. “We are very excited to welcome ISG Technologies to our team,” said Dave Green, CEO of Supply Chain Services. “This partnership broadens our product and service offerings as we continue to strive to provide best-in-class service to our customers.” “The AIDC industry is benefitting from secular tailwinds driven by the continued focus on integrated supply chains, and the growth of smart, connected devices” said Scott Sussman, CIO at Sole Source Capital. “ISG’s end-to-end service capabilities and commitment to providing bespoke solutions for its customers make it an ideal fit for Supply Chain Services.” The transaction was executed by Charter team members Mike Brown, Partner and Managing Director, and Justin Pinto, Associate. “This is our fourth recent transaction in the AIDC space, and we look forward to continue providing our M&A expertise to business owners within the industry,” said Brown. “Having served as M&A advisor to Supply Chain Services in its acquisition by Sole Source Capital, we realized right away that ISG would be a great fit. We are excited to see the synergies that the acquisition provides.” “We knew that Mike and Justin had significant AIDC industry expertise and could help match us with the best platform to take ISG to the next level,” stated Ben Cronin, CEO, ISG Technologies. “We couldn’t be more thrilled to join the Supply Chain Services team and provide our customers with an unmatched level of data collection solutions.” “The Charter team was very attentive throughout the entire process and made sure that all parties involved were able to achieve their goals,” added Mackey Cronin, President, ISG Technologies. “We look forward to this next chapter for ISG and are excited to join forces with Supply Chain Services as the newest addition to the Sole Source Capital portfolio.” The transaction was performed by principals of Charter acting in their capacity as registered representatives of M&A Securities Group, Inc., Member FINRA/SiPC, a separate entity from Charter Capital Partners. Write in to  psen@itechseries.com to learn more about our exclusive editorial packages and programs.

Charter Capital Partners Investments

15 Investments

Charter Capital Partners has made 15 investments. Their latest investment was in Premier Engineered Products as part of their Unattributed on January 1, 2021.

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Charter Capital Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/20/2021

Unattributed

Premier Engineered Products

Yes

1

12/11/2019

Recap

All Star Driver Education

Yes

HighGrove Companies

2

10/2/2019

Unattributed

Keystone Solutions Group

Yes

2

1/14/2019

Series C - II

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$99M

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10

1/3/2019

Series D

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$99M

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10

Date

1/20/2021

12/11/2019

10/2/2019

1/14/2019

1/3/2019

Round

Unattributed

Recap

Unattributed

Series C - II

Series D

Company

Premier Engineered Products

All Star Driver Education

Keystone Solutions Group

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Amount

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

HighGrove Companies

Sources

1

2

2

10

10

Charter Capital Partners Portfolio Exits

2 Portfolio Exits

Charter Capital Partners has 2 portfolio exits. Their latest portfolio exit was Trapelo Health on March 24, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

3/24/2021

Acquired

$991

5

00/00/0000

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10

Date

3/24/2021

00/00/0000

Exit

Acquired

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Companies

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Valuation

$991

Acquirer

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Sources

5

10

Charter Capital Partners Acquisitions

1 Acquisition

Charter Capital Partners acquired 1 company. Their latest acquisition was Traverse City Products on March 10, 2020.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

3/10/2020

Acquired

$0.68M

Acquired

2

Date

3/10/2020

Investment Stage

Acquired

Companies

Valuation

Total Funding

$0.68M

Note

Acquired

Sources

2

Charter Capital Partners Fund History

7 Fund Histories

Charter Capital Partners has 7 funds, including Charter-Papa's Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

9/25/2020

Charter-Papa's Fund

$1.33M

1

2/27/2020

Charter-HN Spirits Fund

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$99M

10

8/28/2019

Charter-Vestaron

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$99M

10

8/5/2019

Charter Growth Capital Fund

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$99M

10

1/7/2019

Charter-ASI 2

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$99M

10

Closing Date

9/25/2020

2/27/2020

8/28/2019

8/5/2019

1/7/2019

Fund

Charter-Papa's Fund

Charter-HN Spirits Fund

Charter-Vestaron

Charter Growth Capital Fund

Charter-ASI 2

Fund Type

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Status

Amount

$1.33M

$99M

$99M

$99M

$99M

Sources

1

10

10

10

10

Charter Capital Partners Team

4 Team Members

Charter Capital Partners has 4 team members, including current Chief Operating Officer, Deborah Kolar.

Name

Work History

Title

Status

Deborah Kolar

Chief Operating Officer

Current

John Kerschen

Managing Director

Current

Christine Baker

Rehmann

Managing Director

Former

Jason Byrd

Huizenga Automation Group

Managing Director

Former

Name

Deborah Kolar

John Kerschen

Christine Baker

Jason Byrd

Work History

Rehmann

Huizenga Automation Group

Title

Chief Operating Officer

Managing Director

Managing Director

Managing Director

Status

Current

Current

Former

Former

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