M&A Deal Summary

River Capital Acquires The New Image Group

On November 1, 2003, private equity firm River Capital acquired consumer products company The New Image Group

Acquisition Highlights
  • This is River Capital’s 1st transaction in the Consumer Products sector.
  • This is River Capital’s 6th transaction in the United States.
  • This is River Capital’s 1st transaction in South Carolina.

M&A Deal Summary
Date 2003-11-01
Target The New Image Group
Sector Consumer Products
Buyer(s) River Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

The New Image Group

Union, South Carolina, United States
The New Image Group provides crafted products including acrylic felt, wood products, sun catchers, sand art, kids’ crafts, and related items. The New Image Group was founded in 2003 and is based in Union, South Carolina.

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Buyer(S) 1

Buyer

River Capital

Atlanta, Georgia, United States

Investor Investor

Category Private Equity Firm
Founded 1983
Size Small
Type Sector Agnostic
DESCRIPTION

River Capital, Inc. is a private investment firm that targets buyout, recapitalization and expansion capital investments in the Southeast US. River Capital looks to commit $3 to $7 million of equity capital in profitable companies valued from $10 to $50 million. Areas of interest include light manufacturing, distribution and selected service industries. The Firm will not invest in real estate, oil and gas or financial services and generally looks for a majority position when considering opportunities. River Capital was formed in 1983 and is located in Atlanta, Georgia.

DEAL STATS #
Overall 6 of 9
Sector (Consumer Products) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 6 of 9
State (South Carolina) 1 of 1
Country (United States) 6 of 9
Year (2003) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-03-01 American Threshold Industries

Asheville, North Carolina, United States

American Threshold Industries, Inc. (ATI) develops and manufactures disposable nonwoven protection products sold into the healthcare and controlled manufacturing markets. The company distributes its products to hospitals, long-term care facilities, dental offices, outpatient care centers, veterinary clinics, clean rooms, laboratories, and industrial sites.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-17 Tronair

Toledo, Ohio, United States

Tronair designs, manufactures, and sells of ground support equipment for business, commercial and military aircraft. Tronair's broad and innovative product line of GSE, comprised of over 1,500 products, is used by over 350 unique aircraft platforms. Tronair is the market leader in its core products and market segments, serving leading aircraft OEMs (e.g., Bombardier, Gulfstream, Embraer, Boeing and Airbus), fixed based operators, maintenance and repair providers, corporate hangars, commercial airlines, defense contractors and military airbases around the world. Tronair was founded in 1971 and is based in Toledo, Ohio.

Sell -
Mergr

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