LRES Corporation Acquires Keystone Asset Management

Keystone Capital Acquires Lane Power & Energy Solutions, Inc.

October 1, 2019

Oil & Gas

Keystone Capital has completed the acquisition of Lane Power & Energy Solutions, Inc. (LPES), a Houston-based provider of underground hydrocarbon storage and turnkey EPC services for petrochemical, midstream and government customers. Keystone said it will partner with LPES management to expand capabilities, broaden service offerings and grow organically and via targeted acquisitions; transaction terms were not disclosed.

Audax Private Equity Acquires Majority Stake in Keystone

January 15, 2026

Consulting

Audax Private Equity has acquired a majority stake in Keystone, purchasing the global technology and advisory services practice from RLH Equity Partners in a recapitalization that closed January 2, 2026. Concurrently, Keystone spun out its Core AI business as an independent B2B AI SaaS company (Keystone.AI) with RLH retaining a minority stake; Jeff Marowits was named CEO and Greg Richards will remain as a senior strategic advisor.

RLH Equity Partners Invests in Keystone Strategy LLC

July 29, 2021

Consulting

RLH Equity Partners has made a growth investment in Keystone Strategy LLC, a strategy, economics, and technology consulting firm that advises large enterprises, law firms and government agencies. The capital will support Keystone’s continued growth and expansion of its interdisciplinary capabilities across data architecture, AI, platform strategy and antitrust/economic advisory services.

Keystone Insurers Group Acquires East Coast Risk Management

January 10, 2023

Professional Services

Keystone Insurers Group announced it has fully acquired the member shares of East Coast Risk Management (ECRM) and will integrate ECRM as Keystone’s risk management division. The transaction brings over 60 ECRM risk, HR and safety specialists into Keystone’s organization to expand its service capabilities for member agencies and increase the network’s service staff to more than 200.

KKR, Ares and BlackRock Recapitalize KBS (Kellermeyer Bergensons Services)

March 25, 2024

Industrial Services

KBS (Kellermeyer Bergensons Services), a leading North American provider of technology-enabled integrated facility management services headquartered in Oceanside, California, completed a recapitalization in which investment funds and accounts managed by KKR, Ares Management and BlackRock Capital Investment Advisors became majority equity holders. The transaction provides KBS with capital to invest in go-to-market capabilities and to accelerate growth while supporting continued delivery of facility services across industrial, commercial, logistics, retail and grocery end markets.

Wealth Enhancement Group Acquires Asset Management Resources, LLC

December 19, 2023

Financial Services

Wealth Enhancement Group, a national independent wealth management firm, has acquired Asset Management Resources, LLC, an independent RIA led by J. Christopher Boyd based in Hyannis, Massachusetts. The acquired team brings approximately $236 million in assets under management and will expand Wealth Enhancement Group's presence in Massachusetts to four offices.