Deal of the Year, Small Market, 2016: Riverside

Photo courtesy of The Riverside Company
A wall of Eemax tankless water heaters in a factory.
  • Company: Eemax
  • Lender: Webster Bank
  • Legal Advisor: Jones Day
  • Financial Advisor: Keybanc Capital Markets
  • 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 ...

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