M&A Deal Summary

River Associates Acquires Signature Special Event Services

On March 1, 2004, private equity firm River Associates acquired business services company Signature Special Event Services

Acquisition Highlights
  • This is River Associates’ 2nd transaction in the Business Services sector.
  • This is River Associates’ 6th transaction in the United States.
  • This is River Associates’ 1st transaction in Maryland.
Investment Fate
  • Signature Special Event Services was sold to a publicly-traded strategic buyer in 2006 for 22M USD.

M&A Deal Summary

Date 2004-03-01
Target Signature Special Event Services
Sector Business Services
Buyer(s) River Associates
Deal Type Special Situations/Distressed

Target

Signature Special Event Services

Frederick, Maryland, United States
Signature Special Event Services, LLC is one of the largest fully-integrated special events rental business. The company provides customers with tents, climate controlled heating and cooling equipment, power generation and distribution equipment and a wide variety of ancillary equipment including flooring, carpeting, staging, and temporary kitchens.

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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 6 of 39
Sector: Business Services M&A 2 of 5
Type: Special Situations/Distressed M&A Deals 3 of 3
State: Maryland M&A 1 of 1
Country: United States M&A 6 of 37
Year: 2004 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-01 Lucent Polymers

Evansville, Indiana, United States

Lucent Polymers, Inc. is a supplier of highly engineered compounds that leverages sustainable inputs and has differentiated itself in the U.S. compounding industry through its proven ability to formulate, source and utilize various low-cost feed streams to meet exacting specifications.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-09-01 Liberty Wire and Cable

Colorado Springs, Colorado, United States

Liberty Wire and Cable (Colorado Springs, CO) Liberty Wire and Cable is a premier global supplier of a complete line of wire and cable products along with connectors and connector systems, cable assemblies, interconnects and a broad range of related accessories. Core products are sold primarily for audio/video and security applications to customers serving the residential, commercial and broadcast industries as well as selected OEM’s.

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