The Omaha World-Herald Co. has sold its minority interest in Election Systems & Software Inc., an Omaha company that is the world’s largest election technology company, to McCarthy Group of Omaha and the election company’s management.
Terms of the private sale were not disclosed. McCarthy Capital, a private equity investment company, already was a minority stockholder of Election Systems’ stock and is now the majority stockholder, said Michael McCarthy, chairman of McCarthy Group. Election Systems’ management and another independent investor are minority stockholders.
World-Herald President and CEO Terry Kroeger said The World-Herald, an investor in Election Systems for nearly 25 years, is proud of what Election Systems accomplished for its shareholders and of its “contributions to our country’s ability to conduct free and fair elections.” Kroeger said the sale strengthens The World-Herald’s balance sheet, providing greater liquidity to the company and its shareholders.
Full Article: W-H sells interest in election-services company – Omaha.com.