Riverside Adds Three, Promotes Three; Acquires Galaxy Associates
The Riverside Company continues to grow and enhance its capabilities, adding and promoting senior employees to support continuing growth around the world.
Riverside’s promotions of senior professionals include:
Riverside has also added three key members to its global team:
“Riverside is in the business of buying and building great companies and these six professionals will help us to do that even better,” said co-CEO Stewart Kohl. “Equally importantly, they exemplify the values of Riverside and will help us to continue to leave great references in our wake.”
The Riverside Company also announced it has acquired Cincinnati-based Galaxy Associates as an add-on to another Queen City company in platform DuBois Chemicals. Both companies manufacture high-quality specialty chemicals and solutions. The companies are not merely geographically close; they share similar products and serve many of the same end markets.
KeyBank, U.S. Bank, The Bank of Montreal, GE Capital and Tri-State Capital Bank provided financing, and Jones Day advised Riverside on the transaction.
“Galaxy bolsters DuBois’ industrial metal finishing business while adding complementary capabilities to DuBois’ transportation and paper segments,” said Riverside partner Tim Gosline. “We expect customers of both firms to benefit from enhanced capabilities and a broader suite of products.”
Galaxy is the fourth add-on that Riverside has completed for DuBois since its initial investment in 2008. Prior add-ons include Blendco, Perkins Products, and Mitco. The Galaxy acquisition is the eighth acquisition of 2012 for Riverside.
Working with Gosline for Riverside on this transaction were principal Chip Walker, senior associate William DeLong and associate David Wynne. The transaction was sourced by Scott Gilbertson.
The Riverside Company is a global private equity firm focused on acquiring growing businesses valued at up to $200 million.