The Riverside Company has acquired Diversified Property Solutions, the fourth add-on acquisition to its Paradigm Tax Group platform. DPS, based in Southfield, Michigan, provides advisory services for real property, compliance, personal property, tax incentives and asset tagging.
The Riverside Company has made Diversified Property Solutions (DPS) the fourth add-on acquisition to its Paradigm Tax Group (Paradigm) platform.
Based in Southfield, Michigan, DPS provides advisory services for real property, compliance, personal property, tax incentives, and asset tagging to a variety of customers, mostly in Michigan. DPS delivers value to property owners by analyzing their property portfolios to capture tax-saving opportunities.
Paradigm is a national provider of property tax consulting services with more than 30 offices across the U.S. Paradigm serves more than 5,000 clients across a diversified set of industries and geographies and counts leading real estate investment trusts (REITs) and multinational corporations among its customers.
The addition boosts PTG’s existing presence in the Michigan market while delivering new capabilities and expanding its growing customer base.
“DPS is very well run and has an impressive set of blue chip customers,” said Riverside Partner Matt Dailey. “We continue to find excellent add-ons that allow Paradigm to deepen its national coverage, expand its service offering and customer base, and augment senior leadership.”
Working with Dailey on the transaction for Riverside were Vice Presidents Steve Burns and Brad Roberts, and Associate Bernardo Villar.
The Riverside Company
The Riverside Company is a global private equity firm focused on acquiring and investing in growing businesses valued at up to $250 million (€200 million in Europe). Since its founding in 1988, Riverside has invested in more than 330 transactions. The firm’s international portfolio includes more than 70 companies.