M&A Deal Summary

River Associates Acquires Minerva

On August 2, 2024, private equity firm River Associates acquired consumer products company Minerva

Acquisition Highlights
  • This is River Associates’ 3rd transaction in the Consumer Products sector.
  • This is River Associates’ 36th transaction in the United States.
  • This is River Associates’ 3rd transaction in Georgia.

M&A Deal Summary
Date 2024-08-02
Target Minerva
Sector Consumer Products
Buyer(s) River Associates
Deal Type Buyout (LBO, MBO, MBI)

Target

Minerva

Monroe, Georgia, United States
Minerva is a designer and branded supplier of equipment and furnishings for the beauty and health & wellness industries. The Company focuses on the salon industry by offering innovative designs, exceptional customer service, and quality products. Minerva was formed in 2006 and is based in Monroe, Georgia.

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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 38 of 39
Sector (Consumer Products) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 22 of 23
State (Georgia) 3 of 3
Country (United States) 36 of 37
Year (2024) 2 of 3
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-15 ID Label

Lake Villa, Illinois, United States

ID Label manufactures variable information barcode labels and warehouse signage for 3PLs and multi-site manufacturers. ID Label was founded in 1994 and is based in Lake Villa, Illinois.

Buy -
Mergr

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