M&A Deal Summary

The Riverside Company Acquires WorkStride

On December 1, 2012, private equity firm The Riverside Company acquired software company WorkStride

Acquisition Highlights
  • This is The Riverside Company’s 5th transaction in the Software sector.
  • This is The Riverside Company’s 111th transaction in the United States.
  • This is The Riverside Company’s 6th transaction in New York.
Investment Fate
  • WorkStride was sold to a strategic buyer in 2022.

M&A Deal Summary
Date 2012-12-01
Target WorkStride
Sector Software
Buyer(s) The Riverside Company
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) MHT Partners LP (Financial)

Target

WorkStride

New York, New York, United States
WorkStride is a facilitator of incentive, recognition and wellness programs. WorkStride provides a software platform that allows clients to administer, manage and track their programs to drive ROI. Using their proprietary universal gift card reward, participants in WorkStrides’ programs can select from hundreds of retailers and millions of products. WorkStride is based in New York city.

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Buyer(S) 1

Buyer

The Riverside Company

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Riverside Company is a global private equity firm that seeks investments in profitable lower middle-market companies valued under $400 million. Riverside looks to invest in growth businesses headquartered in North America, Europe, and Asia (primarily Japan and South Korea), that have been in operation for at least five years. Riverside targets investments in a wide array of industries including distribution, automotive, healthcare, education, manufacturing, software, consumer services, plastics, publishing, food, communications, marine, and business services. Riverside was formed in 1988 and is based in New York City.

DEAL STATS #
Overall 158 of 283
Sector (Software) 5 of 23
Type (Buyout (LBO, MBO, MBI)) 123 of 146
State (New York) 6 of 8
Country (United States) 111 of 195
Year (2012) 10 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-01 Team Technologies

Morristown, Tennessee, United States

Team Technologies is a provider of manufacturing solutions provider for medical and dental products. From conceptualization to completion, TEAM Technologies offers the technology and solutions for every stage of the development and manufacturing processes all under ISO 13485 and FDA-regulated guidelines. Team Technologies was founded in 1988 and is based in Morristown, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-07 HerbThyme Farms

Perrysburg, Ohio, United States

HerbThyme Farms is the largest grower and marketer of organic and conventional fresh herbs in the U.S. The company grows its products on over 600 acres in California, and ships more than five million pounds of fresh herbs each year from its farms and other certified sources.

Sell -
Mergr

Product

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