Lincoln International Represents Keystone Capital in the Sale of Vidaris and LPI to Cortec Group Fund V, L.P.

CHICAGO, March 27, 2015 /PRNewswire/ -- Lincoln International ("Lincoln"), a leading global mid-market investment bank, is pleased to announce that IBA Holdings, LLC, d/b/a Vidaris and LPI ("Vidaris", "LPI" or the "Company"), has been acquired by Cortec Group Fund V, L.P. ("Cortec").  The Company was a portfolio holding of Keystone Capital, Inc. ("Keystone"), a private investment firm based in Chicago, Illinois.  Terms of the transaction were not disclosed.

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Founded nearly 90 years ago and headquartered in New York, New York, Vidaris and LPI are leading specialty architectural and engineering consulting firms, respectively, providing highly technical, value-added advisory, inspection and testing services.  The Company employs over 200 professionals in eight offices worldwide and serves as an independent third-party advisor for leading developers, property owners, industrial operators, utilities, architects and engineers.  The Company's multidisciplinary, integrated service offering includes three major segments: (i) Building Envelope: wall, window, roof and restoration consulting; (ii) Engineering: fitness-for-service and failure analysis; and (iii) Energy: building sustainability and energy efficiency consulting.   

Lincoln acted as the exclusive sell-side advisor to Keystone and the Company, working closely with the management team and shareholders throughout the sale process.  This included providing advisory services and managing the marketing, due diligence and negotiation phases of the transaction.

Marc Weissbach, Vidaris' CEO, commented, "Lincoln's strong professional services experience, deep relationships with key buyers and comprehensive understanding of our unique business model enabled them to share our story and value proposition in a highly compelling manner.  The investment from Cortec presents extraordinary opportunities for our employees and will provide the capital and additional experience to enable us to rapidly grow our practice."

Scott Gwilliam, Partner at Keystone, added, "As a result of Lincoln's execution expertise and partnership approach with management, not only was the sale process completed in an efficient manner, but the Company also found an exceptional partner to continue its growth trajectory moving forward."

About Lincoln International
Lincoln International specializes in merger and acquisition advisory services, debt advisory services, private capital raising and restructuring advice on mid-market transactions. Lincoln International also provides fairness opinions, valuations and pension advisory services on a wide range of transaction sizes. With sixteen offices in the Americas, Asia and Europe, Lincoln International has strong local knowledge and contacts in key global economies. The firm provides clients with senior-level attention, in-depth industry expertise and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest. More information about Lincoln International can be obtained at www.lincolninternational.com.

Media Contact: Kelly Neroda
[email protected]
(312) 506-1950

SOURCE Lincoln International

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