M&A Deal Summary

Riveria Investment Group and Gibson Investment Group Acquire IQ Logic

On December 1, 2015, private equity firms Riveria Investment Group and Gibson Investment Group acquired information technology company IQ Logic

Acquisition Highlights
  • This is Riveria Investment Group’s 1st and Gibson Investment Group’s 1st transaction in the Information Technology sector.
  • This is Riveria Investment Group’s 11th and Gibson Investment Group’s 1st transaction in the United States.
  • This is Riveria Investment Group’s 2nd and Gibson Investment Group’s 1st transaction in California.

M&A Deal Summary

Date 2015-12-01
Target IQ Logic
Sector Information Technology
Buyer(s) Riveria Investment Group
Gibson Investment Group
Deal Type Buyout (LBO, MBO, MBI)

Target

IQ Logic

Irvine, California, United States
IQ Logic is an IT managed document services (MDS) provider that offers clients an immediate cost savings of 30-50%. The company’s solutions integrate and optimize digital and paper workflows utilizing a proprietary software that analyzes document workflow patterns, security habits, hardware, asset utilization, and consumable usage. IQ Logic was founded in 2012 and is based in Irvine, California.

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Buyer(S) 2

Buyer

Riveria Investment Group

New York, New York, United States

Category Private Equity Firm
Founded 2011
Size Small
Type Sector Agnostic
DESCRIPTION

Riveria Investment Group is a private equity firm focused primarily on profitable, small to mid-sized, expansion-stage companies. The Firm targets situations where additional capital can accelerate growth. Riveria looks for transactions valued from $20 to $200 million and EBITDA of $2 to $25 million. Areas of interest include consumer products, retail, manufacturing, industrial, media/entertainment, and healthcare. In addition to growth equity transactions, Riveria will also consider management buyouts, recapitalizations, purchases of family-owned companies, corporate divestitures, and take-privates. Riveria is based in New York City.


DEAL STATS #
Overall 11 of 18
Sector: Information Technology M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 5 of 6
State: California M&A 2 of 4
Country: United States M&A 11 of 16
Year: 2015 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-06 TLK Group

Bethesda, Maryland, United States

TLK Group is a full service contact management center specializing in the cable telecommunications industry. The Company combines state-of-the-art predictive dialer technology with intensive employee training, and has been able to produce industry-leading results for cable operators and systems throughout the United States. TLK Group utilizes the latest technology to monitor and record all sales activity and to provide customers with detailed campaign results. The Company maintains a high supervisor-to-representative ratio in order to achieve the highest quality results for clients. The company is headquartered in Bethesda, MD with additional offices in Virginia and Arizona.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-24 Kalkomey

Richardson, Texas, United States

Kalkomey provides technology-enabled recreational safety management solutions to outdoor enthusiasts and government agencies. Kalkomey provides software to state agencies to drive recreational participation and civic engagement and grow agency revenue. Kalkomey was founded in 1995 and is based in Richardson, Texas.

Buy -
DESCRIPTION

Gibson Investment Group is a private investment firm based in Newport Beach, California.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2015 M&A 1 of 1