Trinity Hunt Partners, a growth-oriented middle market private equity firm, today announced the acquisition of a majority stake in Keste, a leading provider of B2B digital transformation services, based in Dallas, TX. Keste was founded in 2004 by Howard Moore, CEO, and Sri Ayyeppen, President, and serves enterprise clients by spearheading end-to-end complex digital transformation initiatives, including Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), Configure-Price-Quote (CPQ), public cloud, and business intelligence initiatives. Trinity Hunt is partnering with Moore and Ayyeppen, who will remain significant shareholders and managers of Keste, to accelerate the company’s growth trajectory through strategic acquisitions.
“We chose Trinity Hunt as our partner due to their experience in IT services, focus on preserving strong cultures and their track record of growth through acquisition strategies,” said Howard Moore. Sri Ayyeppen added, “We believe this partnership will fuel our company’s growth and strengthen our capabilities for our customers and our employees.”
“We are thrilled to partner with Howard, Sri, and the entire Keste team as the first acquisition as part of our thesis in the digital transformation space, focused on service providers who modernize, integrate and migrate enterprise architectures into cloud-oriented environments,” said Blake Apel, Partner at Trinity Hunt Partners. “We are excited to build upon their success and significantly scale the business through add-on acquisitions.”
Keste marks Trinity Hunt’s third platform investment in IT Services and will join Improving (custom software/application development services) and Dataprise (IT managed services) in the fund’s portfolio.
7 Mile Advisors served as financial advisor to Keste in the transaction, and Jackson Walker served as legal advisor. Katten Muchin Rosenman LLP served as legal advisor to Trinity Hunt. Terms were not disclosed.