River Associates Investments

River Associates Investments is a private equity firm located in Chattanooga, Tennessee, that has been active since 1989. The firm specializes in investing in the lower middle-market, focusing on privately held companies, private equity-backed entities, and divestitures from larger corporations. River Associates targets businesses in various sectors, including manufacturing, distribution, industrial services, and business services, primarily in the U.S. and Canada. The firm typically seeks companies with earnings before interest, taxes, depreciation, and amortization (EBITDA) in the range of $3 to $12 million. Over its 25-plus years of operation, River has completed approximately 80 transactions, many of which involved strategic add-on acquisitions to enhance existing platform companies. The partners at River Associates have a combined experience of over one hundred years in the industry.

Jim Baker

Senior Partner

Craig Baker

Partner

Mike Brookshire

Partner

Tate Fowler

Associate

J. Mark Jones

Partner

Jonathan Kent

Senior Vice President

Conor Lange

Vice President

Blake Lewis

Principal

Patten Pettway Jr.

Partner

Jacob Poe

Vice President

Stuart Vyule

Principal

10 past transactions

ID Label

Acquisition in 2024
ID Label manufactures barcode labels, asset tags and digital signage services for industries like warehousing, supply chain & manufacturing.

Pelco Products

Acquisition in 2021
Pelco Products is an engineering company specializing in the design and manufacture of traffic signal hardware and utility products. Serving the public sector and various global clients, Pelco provides customized solutions that include traffic signal hardware, utility products, and decorative outdoor lighting. The company's focus on engineering and distribution allows it to deliver tailored products at competitive prices, meeting the specific needs of its customers in the transportation and utilities sectors.

Presco

Acquisition in 2019
Presco is a manufacturer of commercial marking products and customized vinyl films. Since the company’s inception more than 75 years ago, it has been creating products for a variety of end markets including the electrical, plumbing, utilities, forestry, surveying, and irrigation industries.

GAHH

Acquisition in 2018
GAHH, LLC is a manufacturer and supplier of automotive tops and interiors, specializing in aftermarket products such as convertible tops, Jeep tops, seat covers, and various interior components. Founded in 1979 and based in North Hollywood, California, GAHH has established a strong market presence, holding an estimated 65% share in the U.S. aftermarket convertible tops market. The company offers a wide range of products, including ready-to-install interior kits, boot covers, leather hides, carpeting, headliners, and accessories, catering to professional trim shops, restorers, resellers, and individual consumers through a comprehensive dealer network and online sales. GAHH is recognized for its quality and custom-tailored solutions, making it a key player in the automotive aftermarket industry.

Premier Parking

Acquisition in 2017
Premier Parking is a technology-focused parking management company that provides solutions for various sectors, including commercial office buildings, mixed-use facilities, sporting events, stadiums, arenas, and healthcare facilities. The company is dedicated to enhancing the parking experience through efficient operations and management services. It also offers valet services and consulting support, ensuring a seamless and consumer-oriented approach to parking across different environments.

Double E Company

Acquisition in 2017
Double E Company is a leading manufacturer of precision-engineered components designed for web converting applications in the paper, film, and foil industries. The company specializes in essential wear components, including core chucks, brakes, shafts, web guides, core cutters, and roll movers. These products are integral to the continuous manufacturing processes, as they secure, straighten, apply tension, cut, and transport rolled raw materials. Additionally, Double E offers pre-configured roll stands and drop-in slitting modules, which allow clients to enhance their existing production lines or expand their processing capabilities, ultimately increasing efficiency and output.

TMI International

Acquisition in 2014
TMI, LLC is a manufacturer and distributor based in Pittsburgh, Pennsylvania, specializing in energy control solutions and a variety of polyvinyl chloride (PVC)-based products. The company produces and supplies a range of industrial products, including energy control strip doors, industrial curtains, loading dock solutions, and parking safety systems. TMI also offers specialized products for restaurants and food services, such as cooler and freezer doors, food service air curtains, and pest control solutions. Additionally, the company provides cold storage products, cleanroom supplies, and a range of flexible and rigid PVC materials. TMI emphasizes quality control throughout its manufacturing process, overseeing the production of PVC from raw pellets to finished products. The company's products are utilized in various sectors, including airports, hospitals, and warehouses, and are distributed through a network of material handling and industrial supply dealers. Founded in 1988, TMI, LLC has operations in Ohio, Georgia, and California and operates as a subsidiary of Senneca Holdings.

Intelliteach

Acquisition in 2012
Intelliteach was originally two complementary companies both servicing the legal industry. In 1987, CMS Management Solutions was established, focusing on assisting law firms and other professional services grow and manage their accounts receivable by offering accounting and financial support.

Industrial Magnetics

Acquisition in 2012
Industrial Magnetics, Inc. is a leading manufacturer of permanent magnets and electromagnetic products tailored for the industrial sector. The company specializes in designing, engineering, and fabricating magnetic assemblies and separation devices that meet the specific needs of its clients. With a focus on applications such as work holding, lifting, fixturing, conveying, and magnetic separation, Industrial Magnetics is committed to delivering reliable and high-quality solutions. The company ensures personalized service through a combination of a direct sales force and manufacturers' representatives, enabling it to effectively address the unique requirements of various applications across the globe.

CMS

Acquisition in 2008
Cash Management Solutions provides revenue management services to the professional services industry. Through people, process, and proprietary software, CMS helps its client firms better manage their cash flow and increase profitability to the firm partners. Cash Management Solutions has provided services to over 600 firms from the top 10 US legal and accounting firms to smaller, regional firms.
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