Current Portfolio - Click here for Printable PDF version

* Industrial Magnetics Inc. (Boyne City, MI)
Industrial Magnetics, Inc. is a leading designer and manufacturer of highly engineered customized and standard industrial magnets, including permanent magnets and electromagnets. The Company’s products are used in a wide range of applications including, holding, lifting, fixturing and conveying of metal products as well as removing or recovering metals from a variety of dry or liquid processes. The Company customers include MRO suppliers, food processors, manufacturer of conveyors and transportation equipment, construction companies and waste recovery companies. River was introduced to the Company by a Charlotte based investment bank.

* Omega Environmental Technologies (Irving, Texas)
Auto Air Export, Inc., currently doing business as Omega Environmental Technologies, is a leading international distributor of aftermarket automotive climate control parts, serving a range of vehicles including automobiles and light trucks, heavy-duty trucks and off-road equipment. The Company carries a complete line of compressors, evaporators, condensers, expansion valves and accumulators. Omega sells its products in over 80 countries. After being introduced to the Company by a Dallas based investment bank, River Associates was selected to partner with the Company’s founder.

* KK Precision, Inc. (Toronto, Ontario)
KK Precision is a leading supplier and manufacturer of complex components for gas turbine engines in the Energy, Aerospace and Defense sectors. The company excels in applying their extensive manufacturing capabilities to product designs, including machining, joining, non-destructive testing, assembly and supply chain management. River Associates was introduced to the opportunity by a boutique investment bank in Boston, MA.

* TrueNet Communications, Inc. (Jacksonville, FL)
TrueNet is a leading provider of communications network infrastructures services. The Company specializes in delivering consulting, engineering, installation and technical services to the Broadband, Wireless and Wireline Carrier, Energy and Utility, and corporate and government markets. The Company provides value by offering specialized outsourced services that are uniquely tailored for the needs of its customers. TrueNet is initially comprised of three operating companies—Truevance, Inc., TBW Solutions, LLC and CCE Services, Inc. The opportunity to acquire these companies was originally introduced to River Associates by a veteran communication services industry executive, who also joined as CEO of TrueNet.

* National Deli (Miami, FL)
National Deli is a leading provider of authentic delicatessen meats, all beef franks and premium cooked beef products. The company’s customers include institutional food service distributors, chain restaurants, hotels & casinos, sports venues and sandwich shops, among others. National Deli partners with its customers to provide the highest quality service and products. National Deli chose to partner with River Associates in large part due to the firm’s long track record of supporting management teams in profitable growth initiatives.

* CMS Management Solutions (St. Louis, MO)
CMS is a market leading provider of legal process outsourcing solutions (LPO) to the legal and accounting markets. The Company is made up of 3 divisions, CMS Management Solutions, iRIS Technology and Intelliteach. CMS Management Solutions provides outsourced accounting solutions, which includes accounts receivable management, billing, client intake and cash applications. iRIS Technology provides business intelligence software that is designed to provide law firms insight on how to improve their profitability by increasing their billing/collection realization and reducing their cost. iRIS i3 Business Intelligence package is offered a SaaS model hosted in St Louis. Intelliteach provides IT Help Desk support service to over 100,000 law firm users, in 1,250 offices, in over 400 locations, in 25 countries. Intelliteach has developed IQTrack, a proprietary ticketing and knowledge base software package that manages all client interactions. CMS was built by acquiring two market leading companies: Cash Management Solutions, Inc. and Intelliteach, Inc. Both Companies were acquired in competitive processes in which River was chosen due to valuation, certainty of closing, and chemistry with the management teams.

* Boxercraft (Atlanta, GA)
Boxercraft is a leading supplier of quality specialty apparel including spiritwear, campus apparel and licensed collegiate apparel. The company’s products are sold principally to decorators (i.e., screen printers and embroiderers) and promotional products distributors, as well as to retail outlets and resorts throughout the U.S. The CEO/founder of Boxercraft selected River Associates as his financial partner after substantial “reverse due diligence” on River Associates, including detailed reference interviews with CEOs from current and former portfolio companies.

* 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.

* Roscoe Medical (Strongsville, OH)
Roscoe Medical is a major manufacturer and distributor of innovative home healthcare products that promote independence and better living in the home. Roscoe Medical’s core product lines include respiratory products, CPAP products, durable medical equipment and pain management products. With three locations serving over 2,800 customers (home medical equipment dealers, buying groups, retailers, chiropractors, and physical therapists) throughout the U.S., Canada and Puerto Rico, the company is known for providing quality products at competitive prices with excellent customer support.

Since River Associates’ initial investment into Roscoe Medical, the Company has made two strategic add-on acquisitions—American Bantex and Current Solutions.