M&A Deal Summary

River Associates Acquires Caster Connection

On December 19, 2022, private equity firm River Associates acquired manufacturer Caster Connection

Acquisition Highlights
  • This is River Associates’ 7th transaction in the Manufacturing sector.
  • This is River Associates’ 34th transaction in the United States.
  • This is River Associates’ 5th transaction in Ohio.

M&A Deal Summary
Date 2022-12-19
Target Caster Connection
Sector Manufacturing
Buyer(s) River Associates
Deal Type Buyout (LBO, MBO, MBI)

Target

Caster Connection

Columbus, Ohio, United States
Caster Connection is a supplier of industrial casters and other related products. The Company’s casters are focused on serving material handling applications, providing industry leading ergonomic performance and solutions to manufacturing clients across a multitude of industries. Caster Connection was formed in 1987 and is headquartered in Columbus, Ohio.

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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 1.0B 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 36 of 39
Sector (Manufacturing) 7 of 7
Type (Buyout (LBO, MBO, MBI)) 20 of 23
State (Ohio) 5 of 5
Country (United States) 34 of 37
Year (2022) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-06 The Rubber Group

Rochester, New Hampshire, United States

The Rubber Group manufactures and distributes custom compression and injected molded rubber products, including grommets, bellows, bumpers, seals, and hoses. The Company’s products are often used in critical, high-cost of failure applications across a broad range of end markets, including medical, oil and gas, general industrial, and transportation. The Rubber Group is based in Rochester, New Hampshire.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-19 Dollamur

Fort Worth, Texas, United States

Dollamur is a manufacturer and supplier of branded sports surfaces. The company serves a variety of sporting markets including wrestling, gymnastics, cheerleading, martial arts, fitness, and home training. Dollamur was formed in 1996 and is based in Fort Worth, Texas.

Buy -
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