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Charter Impact

The Deal

Bought By
David Lueck and Adam Kaeli
Year
2022
Vehicle
Mercator Search Group, the searchers' own fund
Kind
Services

A California provider of outsourced accounting, payroll, budgeting, compliance and student-data services to charter schools and educational nonprofits.

What Happened Next

Recapitalized in November 2024 by a private investment firm whose own release says both searchers continue as co-chief executives and owners alongside it; the index host recorded its own exit the same year.

They recapitalized 2 years in, in 2024, without handing over the company.

The exit ends of journeys like this one, where the buyer has announced the purchase itself, are on Buyers.

Backed by the Same Firms

Search Fund Partners

Anacapa Partners

Method & Source

This record is double-sourced: it joined when the purchase and, where the company has traded on, the exit could both be read in primary accounts rather than inferred.

These sources name who runs the business and when the firm invested, rather than saying in a sentence that the searchers bought it. The index host names both as co-chief executives beside its summer-2022 investment and its 2024 exit; a second backer's grid states the purchase beside a logo and names no person. The seller's adviser dates the sale to their fund, and the later investor's release names both as owners. No backer's sentence says the two men bought it.