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* Denotes Platform Companies Which Are Seeking Add-On Acquisitions
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Coining, Inc. (Saddle Brook, NJ): Manufactures brazing and soldering preforms used
for a variety of joining applications in microelectronics packaging and
assembly. The semi-conductor industry
is a primary Coining customer.
Coining’s products are essentially micro-stampings made from precious metals
(primarily gold or silver) that are used to weld other metals.
Coining serves 400+ customers in the
* Spectrum Corporation (Selmer, TN) Spectrum compounds, packages, and markets specialty lubricants including two-cycle engine oil, bar and chain oil, small engine oil and hydraulic oil which are all commonly used in power lawn and garden equipment. River Associates partnered with Spectrum’s management team to recapitalize the company from another private equity group in December of 2006. The sale process was orchestrated by one of the country’s best known middle market investment banks. River Associates differentiated itself in the auction process by agreeing to complete its due diligence in seven days and close the transaction in thirty days.
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Wheaton Industries (Millville, NJ):
* Lucent Polymers (Evansville, IN): Lucent is a market-leading compounder of recycled engineering grade and other plastic resins. Lucent specializes in sourcing off-grade and scrap plastic which it reformulates into resin compounds that can substitute for prime, or “virgin”, resin compounds at substantial cost savings. Lucent’s business model is based on leveraging its scale and sourcing relationships and its flexible manufacturing capabilities to be the low cost producer across all its product lines. Lucent serves a diverse customer base including industrial, consumer and automotive end markets. Lucent was introduced to River Associates by one of the country’s leading buy side intermediary firms based on the West Coast.
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Roscoe Medical (Strongsville, OH):
Roscoe is a leading specialty distributor of respiratory supplies and
replacement parts to the home health care market. The company’s product
offering includes a broad line of replacement parts, filters and supplies
used in oxygen concentrators, liquid oxygen systems, CPAP units, and
compressed gas. Roscoe also supplies wheelchair components to the home
health care market. Roscoe’s products are sold to approximately 2,000
customers which include national home health care
dealers and independent repair facilities. Roscoe was previously 100%
owned by its founder. The founder had turned day-to-day management of
the company over to her sons and brother several years prior to selling the
company. River Associates backed this management team in a buyout of
90% of the founder’s interest. River was introduced to the opportunity
by a boutique investment bank in Burner Systems
International (BSI) – Blue Ridge
Carpet ( Lazar Furniture Company, L.L.C. (Los Angeles, California and Siler City, North Carolina) - Focusing on the special-order sub-segment of the upholstered-furniture market, Lazar offers a complete line of medium and upper-end fabric and leather upholstered furniture to a variety of residential and contract customers. The company was acquired in 1999 in a re-capitalization transaction whereby existing owners/management sold 60% of the equity while retaining 40% and operating control. A well known West Coast regional investment bank introduced the opportunity to River Associates.
River Associates Investments, LLC |