M&A Deal Summary

PNC Riverarch Capital Acquires Forta

On October 15, 2020, private equity firm PNC Riverarch Capital acquired information technology company Forta

Acquisition Highlights
  • This is PNC Riverarch Capital’s 1st transaction in the Information Technology sector.
  • This is PNC Riverarch Capital’s 22nd transaction in the United States.
  • This is PNC Riverarch Capital’s 3rd transaction in Pennsylvania.

M&A Deal Summary
Date 2020-10-15
Target Forta
Sector Information Technology
Buyer(s) PNC Riverarch Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Confluence Advisors LLC (Financial)

Target

Forta

Grove City, Pennsylvania, United States
Forta is a developer of technology that provides solutions to consumer problems. Forta was founded in 1978 and is based in Grove City, Pennsylvania.

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Buyer(S) 1

Buyer

PNC Riverarch Capital

Pittsburgh, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2011
PE ASSETS 250M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

PNC Riverarch Capital is a middle-market private equity group that invests in privately-held companies headquartered throughout North America. The Group looks to commit $10 to $50 million to help fund recapitalizations, leveraged and management buyouts, corporate divestitures and growth financings. Target sectors include business and industrial services, specialized manufacturing, and value-added distribution. PNC Riverarch was formed in 2011 and is an affiliate of PNC Financial Services Group.

DEAL STATS #
Overall 25 of 34
Sector (Information Technology) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 7 of 9
State (Pennsylvania) 3 of 4
Country (United States) 22 of 29
Year (2020) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-06 Sola Salon Studios

Lakewood, Colorado, United States

Sola Salon Studios provides a unique service to entrepreneurs, giving stylists and beauty professionals high-end, fully-equipped salon studios to start their own businesses without the administrative burden and risk associated with opening a retail storefront. Sola Salon Studios was established in 2004 and is based in Lakewood, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-11 Fresh Direct Produce

Vancouver, British Columbia, Canada

Fresh Direct Produce is a distributor of fresh, ethnic, tropical, organic, and specialty produce. Fresh Direct Produce distributes 1,000+ fruit and vegetable items to the Western Canadian market. Fresh Direct Produce was founded in 2003 and is based in Vancouver, British Columbia.

Buy -
Mergr

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