M&A Deal Summary

River Associates Acquires The Rubber Group

On September 6, 2022, private equity firm River Associates acquired manufacturer The Rubber Group

Acquisition Highlights
  • This is River Associates’ 6th transaction in the Manufacturing sector.
  • This is River Associates’ 33rd transaction in the United States.
  • This is River Associates’ 1st transaction in New Hampshire.

M&A Deal Summary
Date 2022-09-06
Target The Rubber Group
Sector Manufacturing
Buyer(s) River Associates
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Orr & Reno (Legal)

Target

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.

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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 35 of 39
Sector (Manufacturing) 6 of 7
Type (Buyout (LBO, MBO, MBI)) 19 of 23
State (New Hampshire) 1 of 1
Country (United States) 33 of 37
Year (2022) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-22 Double E

West Bridgewater, Massachusetts, United States

Double E is a manufacturer of highly-engineered components for web converting applications. The company's product offering includes critical wear components such as chucks, brakes, shafts, slitters, web guides, core cutters, and roll movers. These products secure, straighten, apply tension, cut, and move rolled raw materials through continuous manufacturing processes. Double E was established in 1972 and is headquartered in West Bridgewater, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-19 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.

Buy -
Mergr

Product

Company

Legal