Riverside Co. Sells Entrix

The Riverside Co. has sold Houston-based environmental consultancy Entrix Inc. to Cardno Ltd. (ASX: CDD). No financial terms were disclosed, except that Riverside reports a 20% gross IRR and 2.8% gross cash-on-cash return.

Riverside Company Buys Japan’s NAKA & Co

The Riverside Co. has acquired NAKA & Co. Ltd., a Japanese maker of crystal oscillators and crystal units used for microwave backhaul equipment and base stations for mobile communications. No financial terms were disclosed.

Media Source Adds Library Publications

Media Source, a Plain City, Ohio-based acquisition platform sponsored by The Riverside Company, has acquired three library publications from Reed Business Information-US. They are: Library Journal, School Library Journal and Library Hotline Join Media Source. no financial terms were disclosed.

Riverside Co. Buys EMP Canada

Health and Safety Institute, an acquisition platform sponsored by The Riverside Company, has acquired EMP Canada Services Inc., a provider of CPR, EMT and occupational safety training materials and training programs. No financial terms were disclosed.

BC Partners Completes ATI Enterprises Purchase

BC Partners has completed its purchase of U.S. career training company ATI Enterprises from The Riverside Company and Primus Capital. The deal was valued at approximately $581 million, including around $250 million of assumed debt. www.aticareertraining.edu

BC Partners Buying ATI Enterprises from Riverside Company

(Reuters) – Private equity firm BC Partners is staking up to $331 million on strong growth in U.S. career training, buying Texas-based ATI Enterprises from middle-market rival The Riverside Company. BC will invest the money from its current fund, alongside roughly $250 million of debt, to buy ATI, which offers courses in subjects such as […]

Riverside Company Buys Cord Blood Bank

The Riverside Company has acquired Crioestaminal, a Cantenhede, Portugal-based umbilical cord blood collection company. No financial terms were disclosed. The deal was done out of Riverside’s fourth European fund.

Riverside Raising Asia Fund for Chinese Buyouts

(Reuters) – The Riverside Company, one of the oldest U.S. buyout firms with more than $3 billion in assets under management, is raising its first Asia fund to focus on buyout deals in Greater China, a senior executive said. Stewart Kohl, co-chief executive of Riverside, which is named after the Hudson River in New York, […]

Riverside Gets A Sweet Tooth

The Riverside Company has acquired Kaul GmbH, a Elmshorn, Germany-based maker of polishing, anti-sticking and release agents for the confectionary industry. No financial terms were disclosed.

Riverside Co. Exits AIS

The Riverside Co. has sold off its remaining stake in AIS, a Linz, Austria-based provider of IT solutions for the steel industry, to PSI AG. No financial terms were disclosed.

Riverside Co. Sells Hudson-Sharp Machine

The Riverside Co. has sold The Hudson-Sharp Machine Co. to Thiele Technologies Inc. for an undisclosed amount. Hudson-Sharp is maker plastic bag machinery, pouch making equipment and reclosable packaging solutions. It has offices in Green Bay, Wisc. and Brussels, Belgium. www.hudsonsharp.com

Riverside Company Raises $1.17 Billion

The Riverside Company has closed its fifth general fund with $1.17 billion in capital commitments, compared to a $900 million target. The fund will focus on investments in North American companies with EBITDA between $5 million and $15 million. Limited partners include the State of Oregon, Meketa Investment Group, the Illinois State Board of Investment, IAM National Pension Fund, Sentry Insurance, Mass Mutual and the University of Washington.

Spring Air Officially Goes Bust

NEW YORK (Reuters) – The company that makes Spring Air mattresses and bedding products has filed for bankruptcy protection after selling its key assets and brand name to a former executive, according to court papers. The company, called Consolidated Bedding Inc, has sold much of its assets, including its brand name and intellectual property, to […]

ITEL Labs Bulks Up

ITEL Laboratories, a Jacksonville, Fla.-based provider of independent test lab services for the property industry, has acquired SidingMatch and its sister company RoofingMatch. No financial terms were disclosed. ITEL is a portfolio company of The Riverside Company.

Railroad Track Equipment Co. Nordco Switches Sponsors

OMERS has agreed to buy Nordco Inc., an Oak Creek, Wisc.-based maker of railroad track equipment, from The Riverside Company. No financial terms were disclosed, although Riverside announced that the deal produced a 5.1x gross cash-on-cash return. GE Capital and Allied Capital provided acquisition financing.


Spring Air Loses Its Bounce?

Mattress maker Spring Air is expected to cease operations within the next few days, according to a report in Furniture Today. peHUB has learned that the move would come after company management failed to reach a buyout agreement with Riverside Company, which had been in talks to acquire Spring Air from current sponsors H.I.G. Capital and American Capital.

It’s unclear exactly what caused the deal breakdown, although one source says the conflicts were related to demands being made by creditors like components maker Leggett & Platt. Also unclear if the failure of a buyout could lead to some sort of bankruptcy filing. This last issue gets even tricker when one looks at an April 22 article from Furniture Today, in which Spring Air CEO Steve Cumbow said:

DuBois Chemicals Adds On

DuBois Chemicals Inc., a Racine, Wis.–based maker of specialty chemicals and solutions for manufacturing problems and lean initiatives, has acquired Blendco Systems LLC, a Bristol, Penn.-based maker of car wash detergents, waxes and other specialty cleaning products. No financial terms were disclosed, except that leverage was provided by TriState, KeyBank and US Bank. DuBois Chemicals […]

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