Venio LLC and The Keane Organization Join Forces to Form Unclaimed Property Leader

Acquisition unites the two largest and most recognized forces in unclaimed property communications, compliance and consulting

NEW YORK--(BUSINESS WIRE)-- Venio LLC, a leading provider of lost shareholder services, announced today that it has acquired the Investor Communication and Retention Solutions division and the Unclaimed Property Services division of The Keane Organization, the leading provider of specialty compliance and risk management expertise for unclaimed property reporting. The resulting company will firmly secure the number one position in the unclaimed property industry, providing communications, compliance, and consulting services to more than 1,500 corporations, mutual funds, banks, brokerages, and transfer agents.

The company will operate under the name Keane and will employ more than 160 unclaimed property specialists through its headquarters in New York, NY; main operating facility in Wayne, Pa.; and various satellite offices throughout the country. The company will now offer an unmatched level of customer service, experience and accountability, and better help companies protect investors and customers from state audits and the increasingly complex landscape of unclaimed property laws.

Venio CEO, Michael O’Donnell, will continue as CEO of the Company. He will operate out of the company’s New York headquarters and be supported by a management team comprised of executives from both Venio and Keane.

“Joining the resources of Venio and Keane instantly changes the unclaimed property landscape by creating the largest, strongest and most experienced firm in the marketplace,” said O’Donnell. “From communication programs and data analysis to consulting and annual compliance reporting, we can now provide clients with the most experienced team and the broadest suite of services in the country. While we were recently rated first in customer satisfaction and loyalty in Group Five’s 2010 Shareholder Services Industry Satisfaction Report, we are excited to build on that leadership position with our combined team of experts.”

“I’m very enthusiastic about the future,” said Steven Grossman, former owner of The Keane Organization, who will remain involved as a member of Keane’s Board of Directors. “With companies of all types facing an ever-growing mountain of unclaimed property compliance pressures, now is the right time to take the lead and provide clients with a clear choice of where to turn for answers.”

DFW Capital Partners, Venio’s majority shareholder, contributed additional equity to assist in the Keane acquisition. One stop financing for the transaction as well as a minority equity investment was provided by Maranon Capital, L.P.

About Keane

Keane is the number one provider of unclaimed property communications, compliance and consulting services in the country. From customized communications programs and data analysis to in-depth consulting and annual compliance reporting, Keane provides corporations, mutual funds, banks, brokerages, and transfer agents with a depth and breadth of services that is unmatched. Each Keane service helps clients reduce costs, protect shareholders, or retain customers while successfully navigating the complexities of unclaimed property regulations. What sets Keane apart is our commitment to customer service, the expertise of our employees, and our accountability for measurable results. Keane employs more than 160 people across the country, in our New York, NY headquarters, our Wayne, PA operating facility and offices in Salt Lake City, UT and Sacramento County, CA. For more information, please visit www.KeaneCo.com.

About DFW Capital Partners

DFW Capital Partners is a private equity investment firm focused on lower middle-market companies. The firm concentrates on service companies, with an emphasis on healthcare and outsourced business and industrial support services. DFW is backed by both institutional and high-net worth individual investors, and has established a 20+ year track record of success in both building leading companies, and recognizing excellent returns for its investors. DFW is headquartered in Teaneck, NJ. For more information contact Keith Pennell, General Partner, at (201) 836-6000.

About Maranon Capital

Maranon Capital, L.P. provides senior financing, mezzanine debt and equity co-investments for private equity-backed and non-sponsored middle market transactions. Maranon has the flexibility to structure a one-stop financing solution or provide stand-alone senior or mezzanine debt. The firm does not take control equity positions, but will consider a minority equity role in conjunction with a financing relationship. Maranon is currently managing over $550 million of committed capital. For more information about Maranon Capital please visit www.maranoncapital.com.

Vault Communications, Inc.Meredith Rovine, 610-455-2756
mrovine@vaultcommunications.com
or
KeaneDavid McCrystal, 800-848-8896 x3257
dmccrystal@keaneco.com

Source: Venio LLC