Investment Summary

PNC Erieview Capital Invests In Richards Industrials

On August 1, 2019, mezzanine finance firm PNC Erieview Capital invested in manufacturer Richards Industrials

Investment Highlights
  • This is PNC Erieview Capital’s 4th transaction in the Manufacturing sector.
  • This is PNC Erieview Capital’s 18th transaction in the United States.
  • This is PNC Erieview Capital’s 3rd transaction in Ohio.

Investment Summary
Date 2019-08-01
Target Richards Industrials
Sector Manufacturing
Investor(s) PNC Erieview Capital
Deal Type Growth Capital

Target

Richards Industrials

Cincinnati, Ohio, United States
Richards Industrials is the parent company of six distinct industrial product lines: Regulators and control valves from Jordan Valve®; sanitary regulators and control valves from Steriflow Valve®; ball valves and automated products from Marwin Valve®; high pressure – extreme low flow regulators from LowFlow Valve®; instrument valves and manifolds from Hex Valve®; steam traps and steam specialty equipment from Bestobell Steam Traps®. Richards Industrials was founded in 1999 and is based in Cincinnati, Ohio.

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Investor(S) 1

Investor

PNC Erieview Capital

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1979
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

PNC Erieview Capital is a provider equity and junior capital to middle-market companies throughout the US and Canada. The Firm looks to support private equity sponsor-led buyouts and recapitalizations, non-sponsored buyouts, family office buyouts, and growth equity needs. PNC Erieview typically works with profitable companies (EBITDA greater than $5 million) valued from $20 to $250 million. Areas of interest include distribution, consumer products, healthcare, manufacturing, and services. The Firm was originally known as National City Equity Partners and was established in 1979. PNC Erieview Capital is based in Cleveland, Ohio.

DEAL STATS #
Overall 18 of 39
Sector (Manufacturing) 4 of 4
Type (Growth Capital) 7 of 13
State (Ohio) 3 of 3
Country (United States) 18 of 39
Year (2019) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-19 OTR

Rome, Georgia, United States

OTR is a global manufacturer and provider of specialized off-the-road tires, wheels, mounted tire-wheel assemblies and rubber tracks for the construction, lawn and garden, mining, and agriculture end-markets, among others. OTR sells highly customized products, along with a variety of standard lines, to top multinational original equipment manufacturers (“OEMs”) and aftermarket customers. OTR was founded in 1987 and is based in Rome, Georgia.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-11 RQM+

Monroeville, Pennsylvania, United States

RQM+ is a medical device and diagnostics-focused, regulatory, and quality consulting firm. The company delivers transformative solutions by providing unrivaled collective expertise, fueled by a passion for client success. RQM+’s experts are collaborative, laser-focused on client needs, and committed to delivering high-value solutions that exceed expectations. RQM+ is based in Monroeville, Pennsylvania.

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