GTCR completed the acquisition of Foundation Source.

Transaction Tags

• Acquisition
• Domestic
• Private
• Completed
• Private Equity
• Friendly
• foundation creation
• administrative support
• Consumer Services: Other
• United States
• Majority
• Single Bidder

Synopsis

GTCR, a private equity firm, completed the acquisition of Foundation Source, a provider of support services and foundation software. Financial terms were not disclosed. "Over the past two decades, Foundation Source has experienced exceptional growth, and has established itself as a leader in supporting charitable giving, providing critical resources to foundations and their donors. We are pleased to partner with Joe Mrak, whose experience in building wealth technology businesses will be important as we further enhance the Company's value proposition to clients and partners. We look forward to working with the entire Foundation Source team to continue the Company's mission of supporting positive impact through philanthropic giving," Collin Roche, GTCR Co-CEO and Managing Director.

Sources