New River Capital Partners

New River Capital Partners was a private equity firm specializing in leveraged buyouts, industry consolidation, undervalued public companies, growth scenarios, divisional spin-offs, and special situations investments. The firm preferred to invest in companies based in Southeast and operating in the business services, healthcare services and consumer service sectors. It was founded in 1998.

Steven Berrard

Principal and Co-Founder

3 past transactions

Achieva.com

Series A in 2000
Achieva.com is an online college preparation service designed for middle and high school students, specifically those in grades six to twelve. The platform collaborates with school districts nationwide to offer a range of resources that assist students in researching, applying to, and gaining admission to their preferred colleges. Achieva provides a variety of online courses that integrate effective study strategies, admissions counseling, and test preparation, alongside comprehensive information about scholarships and financial aid. By equipping students with essential tools and guidance, Achieva aims to enhance their college readiness and success.

Foodtrader.com

Series A in 1999
Foodtrader.com is online business-to-business marketplace and provider of eProcurement solutions for the food and agriculture industry. The portal offers the global food industry a comprehensive menu of services including a marketplace exchange, value deals (excess inventory clearance), storefronts (online branding through transactional Web pages), reverse auctions for request for quotes , and core logistical services including trade finance, insurance, transportation and inspection.

Comtex News Network

Venture Round in 1999
Comtex News Network is a news aggregation service that provides customers with customized news and content. It offers news and content gathered from national and international news bureaus, agencies, and publications. The Company’s news products include Comtex CustomWires and Comtex Top News. Comtex CustomWires offer real-time, subject-specific, newswires consolidated from the company’s range of publisher partners. Comtex Top News features the day’s news stories in several subject categories.
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