eCard Systems

The Deal

Bought By

Benjamin Berg

Year

2017

Vehicle

Backed by Housatonic Partners, Search Fund Partners, The Operand Group and Applied Equity

Kind

Physical operations

A Nashville printer of gift cards, loyalty cards and the packaging around them, sold to the retailers and restaurants that issue them.

What Happened Next

Operating under its searcher-CEO six years on. One backer's own release of a late-2023 growth investment calls him a search fund entrepreneur who acquired the company in 2017 with an investor group including that backer. The index host names him chief executive beside its own 2017 investment and records its own exit in 2023.

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

Backed by the Same Firms

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.

• Housatonic Partners' own account, The backer's release, which states the purchase. housatonicpartners.com
• Housatonic Partners' own account, The backer's company block, with the chief executive and its own investment year. housatonicpartners.com
• Search Fund Partners' own account searchfunds.net
• The Operand Group's own account theoperandgroup.com
• Applied Equity's own account applied-equity.com