A wall of Eemax tankless water heaters in a factory.
Lender: Webster Bank
Legal Advisor: Jones Day
Financial Advisor: Keybanc Capital Markets
WHY THEY WON
Grew EBITDA from less than $2 mln to more than $9 mln
Tripled annual revenue
Moved company to a new, larger manufacturing facility
Under Riverside, 75 pct of Eemax products were designed or redesigned
Eemax was just starting to warm up when The Riverside Company bought it in 2008. Today the tankless water heater company is boiling hot. Under Riverside’s ownership, Eemax’s EBITDA grew from less than $2 million to more than $9 million and ...