Current Portfolio - Click here for Printable PDF version

* Cash Management Solutions (St. Louis, MO)
CMS is a market leading provider of revenue cycle management services for professional service firms such as law and accounting firms. CMS helps its clients convert unbilled and billed time into cash via an outsourced business service platform that is more cost effective and efficient than internal means. With a sophisticated technology backbone, CMS works with its customers both on and off-site to develop unique cash flow management solutions for all stages of the billing process without negative client repercussions. In a competitive job process, River Associates was chosen over other financial sponsors due to an aggressive valuation, certainty of close and chemistry with CMS’ Chief Executive Officer.

* 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.

* 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 United States and twenty foreign countries. The company prides itself on offering quality products at competitive prices with exceptionally fast turnaround times. A regional private investment bank near Pittsburgh introduced River to Coining. Via the synergistic add-on acquisition of the SEMX Corporation, Coining also manufactures critical interconnect materials (bonding wire, die attach performs, bond pads and ribbons) which are utilized in automotive electronics, telecommunications, military and medical devices.

* 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 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 Medina, Ohio. Since the intial investment, Roscoe has completed a strategic add-on acquisition of a west coast company with synergistic product lines.

Burner Systems International (BSI)
BSI was formed by the recapitalization of Burner Systems International, Inc. (Chattanooga, TN and Mansfield, OH) and the acquisition of the assets of the Sourdillon Group of Delta PLC (Ringgold, GA; Veigne, France; and Celaya, Mexico). BSI manufactures a wide spectrum of gas train components for the gas appliance industry: burners, manifolds, supply tubing, valves, and fittings for gas ranges and cooktops, gas grills, boilers, furnaces and decorative gas fireplace logs. River was able to invest alongside two exceptional private equity partners (one in New York, one in Atlanta) in the BSI transaction, one of whom made a significant re-investment in the company.