KALAMAZOO — A Grand Rapids mezzanine fund’s investment will enable Keystone Solutions Group to maintain its strong growth trajectory in the years ahead.
Charter Growth Capital Fund, formed this past summer by Grand Rapids-based Charter Capital Partners, made its first deal this month with an investment in Kalamazoo-based Keystone Solutions Group.
The funding will go toward supporting further growth, including buying an enterprise resource system that carries a six-figure cost, as well as purchasing new equipment, making strategic hires, and executing on initiatives “that keep us on this nice growth path,” said Keystone Solutions President Jim Medsker.
Medsker and Kerschen have known each other for a decade. Kerschen has watched the company’s progress, and Charter decided to make a minority investment when Medsker presented the firm with an opportunity.
“He’s taken it quite a long ways and we collectively can use that capital to continue to build out the team and the infrastructure and build a base for continued growth,” Kerschen said. more