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
Business Wire
24 minutes ago
- Business Wire
Simpro Group Hires Industry Veteran to Help Drive Strategic Field Services Transformation in North America
BROOMFIELD, Colo.--(BUSINESS WIRE)--Simpro Group, a global leader in field service management solutions, today announced the appointment of Amy Carnrick as Senior Advisor, Field Service Transformation. This strategic hire reinforces the evolving market landscape surrounding private equity-backed FSM consolidation and Simpro's mission to empower trade and field service businesses with innovative software solutions that drive growth and operational success. 'Amy embodies everything we value at Simpro – she's a hands-on operator who understands the real challenges facing field service businesses because she's lived them,' said Gary Specter, CEO of Simpro Group. Share Since acquiring Foster Plumbing in 2018, Carnrick has demonstrated extraordinary vision and expertise in the trades industry. Drawing on her entrepreneurial mindset and deep operations expertise, she spearheaded the strategic adoption of Simpro technology at Foster Plumbing, doubling business revenue, expanding into new markets, and earning national accolades, including the 2023 Small Business Person of the Year (U.S. Small Business Administration, Colorado) and the 2024 Top 50 Colorado Companies to Watch. 'Amy embodies everything we value at Simpro – she's a hands-on operator who understands the real challenges facing field service businesses because she's lived them,' said Gary Specter, CEO of Simpro Group. 'Her proven ability to scale businesses and deliver impactful results aligns perfectly with our mission to help trade and field service organizations thrive.' In her new role, Carnrick will play a pivotal part in amplifying Simpro's presence in the North American market. Focusing on the digital transformations happening across the trades industry, she will work closely with Simpro's go-to-market, product, and partner teams to deliver best-in-class, actionable solutions that address customer needs, including expanding the company's growing partner ecosystem. Additionally, she will drive initiatives to shape product innovation and strategy, further cementing Simpro's position as a trusted field service leader. 'I'm passionate about helping trade businesses achieve their full potential,' Carnrick shared. 'Having experienced first-hand how transformative the right field service management solution can be, I'm looking forward to now helping Simpro tell powerful, peer-grounded stories that show other operators what's possible when they have the right tools and strategy in place.' About Simpro Group Simpro Group provides best-in-class SaaS field service management solutions to trade and field service businesses worldwide. The group comprises four industry-leading companies, Simpro, BigChange, AroFlo and ClockShark with offices across North America, Australia, New Zealand and the UK. Simpro, BigChange and AroFlo provide comprehensive field service management software for growth-minded trade and field service businesses, while ClockShark specializes in time-tracking and scheduling software solutions. Together, these companies seek to drive businesses forward with solutions that empower teams to work smarter, provide foundations for business scaling, and offer data-driven insights to fuel decision-making. Ready to transform your business? Explore our products at and
Business Wire
24 minutes ago
- Business Wire
U-Haul Brings 60 Jobs to San Bernardino with New Repair Shop
SAN BERNARDINO, Calif.--(BUSINESS WIRE)--U-Haul ® opened its newest repair shop today at 1235 E. Baseline St., a sprawling one-story facility that will create 60 jobs in San Bernardino. U-Haul® opened its newest repair shop today at 1235 E. Baseline St., a sprawling one-story facility that will create 60 jobs in San Bernardino. Share San Bernardino Repair is on a 4.5-acre lot and is strategically located to better service the Company's rental fleet of do-it-yourself moving equipment across San Bernardino and Riverside Counties. 'We are excited about this location,' said Thomas Mitchell, U-Haul Company of San Bernardino president. 'This new space allows us to offer a clean, safe location for future Team Members to work while we continue to provide our neighbors with well-maintained rental trucks and trailers.' U-Haul will look to hire locally to promote job growth within the San Bernardino community. Find U-Haul careers at The new facility will service equipment previously handled by the U-Haul repair shop at 891 S. Arrowhead Ave. in San Bernardino, which closed in June after 54 years. About U-HAUL Celebrating our 80th anniversary in 2025, U-Haul is the No. 1 choice of do-it-yourself movers with more than 24,000 rental locations across all 50 states and 10 Canadian provinces. The U-Haul app makes it easy for customers to use U-Haul Truck Share 24/7 to access trucks anytime through the self-dispatch and -return options on their smartphones with our patented Live Verify technology. Our customers' patronage has enabled the U-Haul fleet to grow to 193,900 trucks, 138,200 trailers and 40,300 towing devices. U-Haul is the third largest self-storage operator in North America and offers 1,060,000 rentable storage units and 92.0 million square feet of self-storage space at owned and managed facilities. U-Haul is the top retailer of propane in the U.S. and the largest installer of permanent trailer hitches in the automotive aftermarket industry. Get the U-Haul app from the App Store or Google Play.
Hamilton Spectator
36 minutes ago
- Hamilton Spectator
Globex Mining Enterprises Inc. Announces Renewal of Normal Course Issuer Bid
ROUYN-NORANDA, Québec, July 28, 2025 (GLOBE NEWSWIRE) — GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz Stock Exchanges and GLBXF – OTCQX International) is pleased to announce that the Toronto Stock Exchange ('TSX') has approved the renewal of Globex's normal course issuer bid ('NCIB'). Under the renewed NCIB, Globex will be entitled to repurchase for cancellation up to 1,000,000 common shares, representing approximately 1.78% of Globex's issued and outstanding shares as of July 21, 2025, over a twelve-month period starting on August 2, 2025 and ending on August 1, 2026. The purchases by Globex will be effected through the facilities of the TSX and on alternative trading systems in Canada, and will be made at the market price of the shares at the time of the purchase. Globex had 56,095,636 common shares issued and outstanding as of July 21, 2025, of which 48,662,545 shares constituted the 'public float'. During the most recently completed six months, the average daily trading volume for Globex's common shares on the TSX was 31,900 shares. Consequently, under the policies of the TSX, Globex will have the right to repurchase during any one trading day a maximum of 7,975 common shares on the TSX, representing 25% of the average daily trading volume. In addition, Globex may make, once per calendar week, a block purchase (as such term is defined in the TSX Company Manual) on the TSX of common shares not directly or indirectly owned by insiders of Globex, in accordance with the policies of the TSX. Globex intends to acquire the common shares because it believes that the repurchase of common shares at certain market prices is beneficial to Globex and its shareholders. Globex intends to make any purchases on an opportunistic basis, taking share price and other considerations into account. Any purchases made pursuant to the NCIB will be made in accordance with the requirements of the TSX. Except for exempt offers, Globex will make no purchases of common shares other than open market purchases during the period of the NCIB. Under its current NCIB, which entered into effect on August 2, 2024 and which expires on August 1, 2025, Globex is authorized to purchase up to 1,000,000 shares. Under the NCIB, Globex has repurchased a total of 169,200 common shares at a volume weighted average purchase price of $0.8971 per share, through the facilities of the TSX and on alternative trading systems in Canada. All of the repurchased shares were cancelled by Globex. In connection with the NCIB, Globex has entered into an automatic share purchase plan with a Canadian securities dealer pursuant to which the securities dealer, acting as Globex's agent, may acquire at its discretion shares on Globex's behalf during 'black-out' or 'closed' periods under Globex's stock trading policy, subject to certain parameters as to price and number of shares. Forward Looking Statements Except for historical information, this news release may contain certain 'forward looking statements'. These statements may involve a number of known and unknown risks and uncertainties and other factors that may cause the actual results, level of activity and performance to be materially different from the expectations and projections of Globex Mining Enterprises Inc. ('Globex'). No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits Globex will derive therefrom. A more detailed discussion of the risks is available in the 'Annual Information Form' filed by Globex on SEDAR+ at . 56,095,636 shares issued and outstanding
