Investment Summary

Gold Ridge Asset Management Invests In SIB Development & Consulting

On May 27, 2014, private equity firm Gold Ridge Asset Management invested in business services company SIB Development & Consulting

Investment Highlights
  • This is Gold Ridge Asset Management’s 1st transaction in the Business Services sector.
  • This is Gold Ridge Asset Management’s 2nd transaction in the United States.
  • This is Gold Ridge Asset Management’s 1st transaction in South Carolina.

Investment Summary
Date 2014-05-27
Target SIB Development & Consulting
Sector Business Services
Investor(s) Gold Ridge Asset Management
Deal Type Growth Capital

Target

SIB Development & Consulting

Charleston, South Carolina, United States
SIB Development & Consulting, Inc. is a firm specializing in fixed monthly cost reduction. Unlike other consulting firms, SIB only bills based on the savings they find, and clients are not billed until savings are realized. Through expert analysis, SIB will discover if businesses have overpaid or are currently overpaying on services such as telecom, utilities, waste removal, maintenance contracts, and other recurring bills.

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Investor(S) 1

Investor

Gold Ridge Asset Management

Category Private Equity Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

Gold Ridge Asset Management is a private equity firm focused on investing in established, small businesses generating $500K to $3 million in revenue. The Firm seeks companies undergoing an ownership change where a new owner/manager is seeking outside capital to finance the acquisition or companies in need of expansion capital. Gold Ridge Asset Management was established in 2005 and is based in Johns Island, South Carolina.

DEAL STATS #
Overall 2 of 2
Sector (Business Services) 1 of 1
Type (Growth Capital) 1 of 1
State (South Carolina) 1 of 1
Country (United States) 2 of 2
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-13 Local Yokel Media

Stamford, Connecticut, United States

Local Yokel Media LLC is an online ad marketplace specializing in monetizing hyperlocal ad impressions.

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