KEV Group Enters Next Phase with Five Arrows Following Successful Serent Capital Partnership
Serent Capital, a leading growth-focused private equity firm, announced today that KEV Group, a leading North American provider of school activity fee management software, is entering a new phase of strategic growth with the support of Five Arrows, the alternative assets arm of Rothschild & Co, as Serent successfully concludes its investment. This transition marks a significant milestone in KEV Group's continued expansion within the K-12 education sector.
Founded in 1996 and headquartered in Toronto, Ontario, KEV Group is a trusted partner to over 26,000 school districts across 41 U.S. states and 9 Canadian provinces, more than any other provider in the market with over $4 billion in funds managed annually. The company's SchoolCash platform is the only all-in-one solution for school fund management that meets the financial management and reporting, payments, and workflow requirements at both the district- and school-level. The solution benefits parents/guardians with ease-of-use, convenience, and support for all payment types.
Serent Capital, an active investor in the EdTech industry, originally invested in KEV Group in September 2018. Shortly after the investment, KEV Group acquired Technology Resource Associates ('TRA'), a provider of cloud-based school activity fund accounting software to K-12 schools, making KEV Group one of the largest providers of financial management and online payments software in North America. Over the course of the investment, Serent played a supporting role in KEV Group's growth as the company scaled its operations, expanded its product offering, and made several strategic acquisitions. During Serent's ownership, KEV Group experienced significant growth, meaningfully expanded its North American market presence, and solidified its leadership position in the K-12 education technology sector.
'Serent Capital has been an invaluable partner in KEV Group's evolution,' commented Bram Belzberg, Chairman and CEO of KEV Group. 'We're grateful for their many contributions to our incredible growth over the past six years, and excited to build on this momentum as we continue to transform school financial management across North America.'
'As one of the most trusted providers of school financial management solutions, KEV Group has built a market-leading platform that drives measurable value for K-12 school districts across North America,' said Kevin Frick, Partner at Serent Capital. 'We are proud of the company's achievements during our partnership. Its strong leadership team and commitment to innovation have been key to KEV's success, and we are confident that KEV Group will continue to thrive under Bram's leadership.'
Financial terms of the transaction were not disclosed.
William Blair served as exclusive financial advisors to KEV Group, with Torys LLP acting as legal advisors.
About KEV Group
KEV Group provides the only comprehensive solution that enables K-12 school districts to manage school activity and district fees with accuracy, efficiency, and transparency. By integrating and automating all aspects of school fee management, KEV Group's solutions empower districts and schools with real-time financial oversight and operational efficiency. More than 26,000 schools across North America rely on KEV Group to manage over $4 billion in activity funds annually. For more information, visit www.KEVGroup.com.
About Serent Capital
Serent Capital is a growth-focused private equity firm investing in capital-efficient, B2B SaaS and technology companies. From its founding, Serent set out to build a distinctly different firm that prioritizes founders and their companies and provides true hands-on resources through its 25+ person Growth Team. Serent's in-house Growth Team is equipped with a wide range of resources to help companies accelerate growth, including strategic and operational support to drive revenue generation, assistance in building a top-tier executive team, guidance for transformative M&A, and a community of 400+ founders and operating executives. With $5 billion of assets under management, the firm has partnered with over 60 founder-led, industry-changing companies and offers unparalleled hands-on operational support. Discover how Serent Capital is fueling the growth of innovative companies across a range of industries at www.serentcapital.com.
www.serentcapital.com
SOURCE: Serent Capital
Copyright Business Wire 2025.
PUB: 02/26/2025 10:37 AM/DISC: 02/26/2025 10:37 AM
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Saskatchewan premier to go to China in bid to end canola tariffs
By David Ljunggren and Ed White OTTAWA (Reuters) -Scott Moe, premier of the major grain-growing Canadian province of Saskatchewan, said on Thursday he will travel to China soon for talks to persuade Beijing to drop new tariffs on canola. China hit Canadian canola seed imports with preliminary 75.8% duties last week following an anti-dumping investigation, escalating a year-long trade dispute. China is by far Canada's biggest canola seed market. Canadian Federal Agriculture Minister Heath MacDonald also pledged support for farmers and the industry, which says it employs 200,000 people and produces C$43 billion in economic value. "We're working diligently alongside them," MacDonald said in a phone interview after the meeting ended. Canada, the world's largest exporter of canola, shipped almost C$5 billion ($3.63 billion) of canola products to China in 2024, about 80% of which was seed. The steep duties on canola seed, if they remain in place, would likely all but end those Chinese imports. China objected when Canada imposed 100% tariffs on Chinese electric vehicles a year ago, and launched an anti-dumping investigation into canola seed shortly thereafter. In February, it imposed a tariff on Canadian canola oil and meal, as well as a number of other agricultural products. This month's addition of canola seed to China's tariff targets came shortly after Canada imposed tariffs on steel in July, which also upset Beijing. "Myself will be in China in the next couple of weeks with potentially another opportunity for engagement before the end of the calendar year," Moe told a news conference after a meeting with industry officials and MacDonald. Moe also reiterated a call for federal aid for the industry. MacDonald said it was too early to decide what help farmers might need, but "it could be there some day" if the dispute drags on. He added that it was difficult to assess all of China's motives in the dispute. "You're dealing with a partner that you're not 100% sure all of the time what their prerogatives are. Are they just political, or is it something else?" MacDonald said. ($1 = 1.3905 Canadian dollars) Sign in to access your portfolio
Los Angeles Times
2 hours ago
- Los Angeles Times
Lowe's Announces $8.8-Billion Acquisition of Santa Ana's Foundation Building Materials
Home improvement retailer Lowe's Companies Inc. announced it has entered into an agreement to acquire Santa Ana-based Foundation Building Materials for approximately $8.8 billion. Foundation Building Materials is a North American distributor of interior building products, including drywall, metal framing, ceiling systems, commercial doors and hardware, insulation and complementary products serving large residential and commercial professionals in both new construction and repair and remodel applications. Since 2011, FBM has grown into a network of over 370 locations in the United States and Canada, serving 40,000 Pro customers. Last year, it generated approximately $6.5 billion in revenue. 'With this acquisition, we are advancing our multi-year transformation of the Pro offering,' said Marvin Ellison, Lowe's chairman, president, and chief executive. 'Foundation Building Materials' scalable, multi-trade distribution platform and strong leadership, combined with our recent acquisition of Artisan Design Group, will significantly enhance our Pro offering.' Ruben Mendoza, Foundation Building Materials' chief executive, and the senior leadership team will continue to lead the company. Lowe's has secured $9 billion in a fully committed bridge financing from Bank of America, N.A. and Goldman Sachs & Co. LLC. The transaction is expected to close in the fourth quarter of 2025, subject to customary closing conditions and regulatory approval. Goldman Sachs & Co. LLC and Centerview Partners LLC acted as financial advisors for Lowe's, while Freshfields US LLP acted as legal advisor. RBC Capital Markets LLC acted as financial advisor for Foundation Building Materials and Weil, Gotshal & Manges LLP acted as legal advisor and its investors. Information for this article was sourced from Lowe's Companies, Inc.
Yahoo
2 hours ago
- Yahoo
Canada Post union says negotiation meeting delayed, with talks to continue Monday
Negotiations that had been scheduled for Friday between Canada Post and the Canadian Union of Postal Workers have been delayed. A press release from CUPW says it's been informed by Canada Post that the Crown corporation needs more time to review offers from the union. The postponement comes after the two parties returned to the bargaining table on Wednesday, with plans to meet again on Friday. Instead, the union says the meeting is to take place Monday. CUPW says the Crown corporation's final offers did not meet its needs. The union is also maintaining its national ban on overtime. This report by The Canadian Press was first published Aug. 21, 2025. The Canadian Press Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
