1. Home >
  2. M&A >
  3. Buyout (LBO, MBO, MBI) >
  4. United States >
  5. Michigan >
  6. Riverside Acquires HydroCorp

M&A Deal Summary

Riverside Acquires HydroCorp

On November 1, 2022, private equity firm Riverside acquired utilities company HydroCorp

Acquisition Highlights
  • This is Riverside’s 1st transaction in the Utilities sector.
  • This is Riverside’s 194th transaction in the United States.
  • This is Riverside’s 10th transaction in Michigan.

M&A Deal Summary
Date 2022-11-01
Target HydroCorp
Sector Utilities
Buyer(s) Riverside
Deal Type Buyout (LBO, MBO, MBI)

Target

HydroCorp

Troy, Michigan, United States
HydroCorp provides outsourced management of water system safety programs to prevent contamination in the drinking water supply, including cross-connection control, backflow prevention, legionella prevention, as well as water meter replacements. The company primarily serves municipalities that manage their own public water infrastructure, but also provides services to the healthcare and industrial sectors, where there are regulatory requirements. HydroCorp was founded in 1983 and is based in Troy, Michigan.

Search 214,239 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Riverside

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Riverside Company is a global private equity firm that seeks investments in profitable lower middle-market companies valued under $400 million. Riverside looks to invest in growth businesses headquartered in North America, Europe, and Asia (primarily Japan and South Korea), that have been in operation for at least five years. Riverside targets investments in a wide array of industries including distribution, automotive, healthcare, education, manufacturing, software, consumer services, plastics, publishing, food, communications, marine, and business services. Riverside was formed in 1988 and is based in New York City.

DEAL STATS #
Overall 279 of 295
Sector: Utilities M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 143 of 147
State: Michigan M&A 10 of 10
Country: United States M&A 194 of 203
Year: 2022 M&A 9 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-17 OutSolve

Metairie, Louisiana, United States

OutSolve provides HR compliance services including anti-discrimination analysis, compensation analysis, EEO-1 and VETS-4212 reports, and labor law posters. The company helps its diverse customer base manage complex federal, state, and local compliance requirements. OutSolve was founded in 1998 and is based in Metairie, Louisiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-16 BioDue

Sambuca, Italy

BioDue is a dietary supplement and medical device company that provides customers with a full-service offering, ranging from raw material sourcing development and formulation, production, packaging, and regulatory affairs, to commercialization. It boasts a high-quality customer base including some of the largest pharma and nutraceutical companies in Europe and five well-invested production sites. BioDue was founded in 1986 and is based in Sambuca, Italy.

Buy -
Mergr

Solution for

Product

Company

Legal