M&A Deal Summary

Duchossois Capital Management and Allstate Investments Acquire Riverside Rail

On March 4, 2016, family office Duchossois Capital Management and corporate investor Allstate Investments acquired business services company Riverside Rail

Acquisition Highlights
  • This is Duchossois Capital Management’s 1st and Allstate Investments’ 1st transaction in the Business Services sector.
  • This is Duchossois Capital Management’s 7th and Allstate Investments’ 1st transaction in the United States.

M&A Deal Summary

Date 2016-03-04
Target Riverside Rail
Sector Business Services
Buyer(s) Duchossois Capital Management
Allstate Investments
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) BMO Capital Markets (Financial)
Vedder Price (Legal)

Target

Riverside Rail

United States
Riverside Rail is a Freight railcar leasing company. Riverside Rail combines stable capital, industry expertise, and a long-term lens to create value for railcar users and owners.

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Buyer(S) 2

Buyer

Duchossois Capital Management

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Family Office
Founded 2013
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Duchossois Capital Management is the investment arm of family-controlled holding company, The Duchossois Group. Duchossois Capital pursues a variety of investment strategies including direct investments in companies and real estate, public securities, and fund commitments. Duchossois Capital's direct investment arm looks to commit $10 to $200 million in profitable companies generating $50 to $1000 million in annual revenue. For platform investments, Duchossois seeks opportunities throughout North America but will consider add-ons globally. Areas of interest include engineered industrial products, building products, transportation, logistics, rail leasing, value-added distribution, consumer durables, security, healthcare services, and technology-enabled services. Duchossois Capital Management is based in Chicago, Illinois.


DEAL STATS #
Overall 7 of 12
Sector: Business Services M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 5
Country: United States M&A 7 of 12
Year: 2016 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-01 Brivo

Bethesda, Maryland, United States

Brivo is a provider of SaaS-based security management systems for organizations that need to protect and remotely monitor buildings and perimeter entry points. Brivo was founded in 1999 and is based in Bethesda, Maryland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-10 Systems

Germantown, Wisconsin, United States

Systems, Inc. is a professional engineer of hydraulic, pneumatic, and mechanical loading dock leveling equipment, truck restraints, specialty dock equipment and related accessories sold under the Poweramp, DLM and McGuire brand names. The Company operates out of state-of-the-art facilities in Germantown, Wisc. and Malvern, Ark., manufacturing equipment under the "Made in America" label. The business serves both end-users and nationwide dealership networks to design, engineer, manufacture, and deliver dock equipment for use in grocery, trucking, retail and general warehousing environments.

Buy -
DESCRIPTION

Allstate Investments is the alternative investment arm of Allstate Insurance and looks to invest across a broad array of asset classes, industries, sectors, and geographies in the public and private markets. The Firm's private markets group looks to invest in private equity, real estate, commercial mortgages, as well as other credit and opportunistic situations. The Private Equity team will consider providing capital to growth-stage companies as well as buying out mature businesses and investing in real assets and infrastructure. Allstate Investments has offices in Northbrook, Chicago, and London.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1