Investment Summary

Greenridge Growth Partner and RF Investment Partners Invest In Covr

On August 6, 2024, private equity firm Greenridge Growth Partner and mezzanine finance firm RF Investment Partners invested in internet software and services company Covr

Investment Highlights
  • This is Greenridge Growth Partner’s 3rd and RF Investment Partners’ 4th transaction in the Internet Software and Services sector.
  • This is Greenridge Growth Partner’s 9th and RF Investment Partners’ 32nd transaction in the United States.
  • This is Greenridge Growth Partner’s 1st and RF Investment Partners’ 2nd transaction in Utah.

Investment Summary

Date 2024-08-06
Target Covr
Sector Internet Software and Services
Investor(s) Greenridge Growth Partner
RF Investment Partners
Deal Type Acquisition Financing

Target

Covr

Springville, Utah, United States
Covr provides workforce management software to the post-acute care industry. The company's scheduling, communication, and engagement solutions help facilities streamline scheduling workflows, ensure regulatory compliance, and facilitate communication with employees. Covr was formed in 2016 and is based in Springville, Utah.

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Investor(S) 2

Investor

Greenridge Growth Partner

Austin, Texas, United States

Investor Investor Investor Investor Investor


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

Greenridge Growth Partner is a private equity firm focused on growth equity and buyout investments in emerging companies. The Firm seeks businesses with proven business models, revenue traction, and profits (or visibility to profitability). Greenridge Growth Partner is based in Austin, Texas.


DEAL STATS #
Overall 9 of 9
Sector: Internet Software and Services M&A 3 of 3
Type: Acquisition Financing M&A Deals 2 of 2
State: Utah M&A 1 of 1
Country: United States M&A 9 of 9
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-16 GrowthZone

Nisswa, Minnesota, United States

GrowthZone is a provider of software and technology solutions for associations and chambers of commerce. GrowthZone helped over 3,000 member-based organizations grow and retain membership, generate revenue, engage and communicate with members and prospects, and streamline their day-to-day operations. GrowthZone was founded in 1996 and is based in Nisswa, Minnesota.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-28 Veriforce

The Woodlands, Texas, United States

Veriforce is a provider of integrated compliance, safety, and training solutions specifically tailored to energy operators and their contractors within the upstream, midstream, and downstream segments of the energy industry. Veriforce was founded in 1993 and is based in The Woodlands, Texas.

Sell -
Investor
DESCRIPTION

RF Investment Partners is a private investment firm focused on providing flexible capital solutions to small and mid-sized companies. The Firm looks to invest $10 to $40 million of equity/debt capital capital to support businesses with at least $10 million of revenue. Funds are generally used to support buyouts, recapitalizations, acquisitions, shareholder liquidity needs, and family successions. RF Investment Partners was formed in 2016 and is headquartered in New York City.


DEAL STATS #
Overall 33 of 36
Sector: Internet Software and Services M&A 4 of 4
Type: Acquisition Financing M&A Deals 1 of 1
State: Utah M&A 2 of 2
Country: United States M&A 32 of 35
Year: 2024 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-01 ProSite Services

Charlotte, North Carolina, United States

ProSite Services provides portable sanitation and dumpster rental services to the construction, film, industrial, and other industries. ProSite Services is based in Charlotte, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-28 Rent-A-John

Wilmington, North Carolina, United States

Rent-A-John is a provider of portable sanitation facilities. Rent-A-John is based in Wilmington, North Carolina.

Buy -