Keystone Capital Completes Sale of VDA to Warren Equity Partners
Keystone Capital Management has completed the sale of its portfolio company, VDA Inc., a leading provider of vertical transportation inspection and advisory services. The transaction marks Keystone's exit from an investment made in 2021 that helped scale VDA into a market leader through over 20 acquisitions and significant organic growth. VDA serves clients across the US, Canada, and the UK with elevator, escalator, and vertical transportation consulting services. Its CEO, Gavin Campbell, highlighted Keystone's supportive role during the company’s accelerated growth phase. The terms of the deal were not disclosed, but Houlihan Lokey, Citizens M&A Advisory, and DLA Piper provided advisory support. Warren Equity Partners has acquired VDA as part of its strategy to invest in infrastructure-related services. With this exit, Keystone continues to demonstrate success in building long-term value through strategic growth initiatives.
Topics: acquisition private equity vertical transportation services