M&A Deal Summary

River Associates Acquires Advanced Photographic Solutions

On January 1, 1995, private equity firm River Associates acquired business services company Advanced Photographic Solutions

Acquisition Highlights
  • This is River Associates’ 1st transaction in the Business Services sector.
  • This is River Associates’ 2nd transaction in the United States.
  • This is River Associates’ 1st transaction in Tennessee.

M&A Deal Summary

Date 1995-01-01
Target Advanced Photographic Solutions
Sector Business Services
Buyer(s) River Associates
Deal Type Special Situations/Distressed

Target

Advanced Photographic Solutions

Cleveland, Tennessee, United States
APS is an independent wholesale photo finishing operation for professional photographers. Independent school photographers represent the company's largest customer segment. River Associates was familiar with the company and its owners due to its close proximity to Chattanooga.

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Buyer(S) 1

Buyer

River Associates

Chattanooga, Tennessee, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 1.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

River Associates is a private equity firm that targets buyouts, divestitures and recapitalizations of lower middle-market companies. River looks for investments in manufacturing, high-margin distribution, industrial services and 'non-faddish' retail companies. The Firm focuses on companies located in the US and Canada with minimum sales of $15 million and EBITDA of $3 to $12 million. River Associates avoids investing in heavily regulated industries as well as start-up, high-technology, commodity or natural resource companies. River Associates was formed in 1989 and is based in Chattanooga, Tennessee.


DEAL STATS #
Overall 2 of 39
Sector: Business Services M&A 1 of 5
Type: Special Situations/Distressed M&A Deals 2 of 3
State: Tennessee M&A 1 of 3
Country: United States M&A 2 of 37
Year: 1995 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1993-05-01 W.R. Case & Sons Cutlery Co.

Bradford, Pennsylvania, United States

Case Cutlery produces a wide range of pocketknives, hunting knives, special edition collector knives and accessories. In business for over 100 years, the company enjoys strong brand awareness.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1997-06-17 Tooling Tech Group

Fort Loramie, Ohio, United States

Tooling Tech Group is a supplier of high-quality tooling for a variety of material forming processes including: thermoforming, twin-sheet and single-sheet vacuum forming, pressure forming, compression molding, rotational molding, blow molding, resin transfer molding, rubber and polyurethane molding, carpet and metal stamping, foundry tooling and pulp molding. The full range of in-house capabilities, including patterns, models, cast tooling, finishing, CNC machining as well as design and engineering, provides customers with a complete, one-stop solution for their tooling needs. Tooling Tech Group was formed in 1982 and is based in Fort Loramie, Ohio.

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