Riveria Investment Group and Gibson Investment Group have acquired IQ Logic. No financial terms were disclosed. Based in Irvine, California, IQ Logic is a provider of managed content and document services.
Riveria Investment Group and Gibson Investment Group announced today the firms have acquired IQ Logic, a Managed Content & Document Services company based in Irvine CA. Financial terms of the transaction were not disclosed.
Frank Mendicina, CEO at IQ Logic, stated, “Riveria, Gibson, and the investment team represent like-minded partners to guide IQ Logic through the next phases of the Company’s growth. The partnership represents an opportunity to accelerate IQ’s plans to capitalize on the substantial growth in the MCS & MDS industries. We believe in the future of IQ Logic, and our new management team, including Gibson and Riveria, remains committed to providing best in class customer service. Together we’re looking forward to the next stage of our Company’s life.”
Tj Gupta, Managing Partner at Riveria Investment Group and Ed Gibson, CEO at Gibson Investment Group said in a joint statement, “We are impressed with the great job that the IQ Logic team has done to expand IQ’s service offerings and are very excited to partner with IQ Logic to continue to expand the Company’s footprint.”
About IQ Logic
Founded in 2012, IQ Logic is an IT consulting company specializing in Managed Content & Document Services. The Company uses proprietary software and methodologies to deliver significant cost savings and measurable productivity gains to its clients. IQ Logic is headquartered in Irvine, California. www.iq-logic.com
About Riveria Investment Group
Riveria Investment Group is a New York based, growth focused private equity firm that acquires and invests in middle-market companies based in the United States. Riveria primarily focuses on companies with a history of positive operating cash-flows and seeks transactions that present unique investment opportunities in industries experiencing significant growth. Our investment thesis is to partner with strong management teams and provide necessary support to facilitate growth. www.riveriagroup.com
About Gibson Investment Group
Gibson Investment Group was founded by Mr. Edward Gibson, a former partner at Deloitte who brings over 20 years of IT experience. At Deloitte, Mr. Gibson had P&L responsibility for a variety service lines ranging from $50 M to $250 in revenue. www.gibsonig.com