M&A Deal Summary

Riverside Acquires Relay Fire and Safety

On December 1, 2022, private equity firm Riverside acquired safety/security company Relay Fire and Safety

Acquisition Highlights
  • This is Riverside’s 9th transaction in the Safety/Security sector.
  • This is Riverside’s 195th transaction in the United States.
  • This is Riverside’s 7th transaction in Massachusetts.

M&A Deal Summary

Date 2022-12-01
Target Relay Fire and Safety
Sector Safety/Security
Buyer(s) Riverside
Deal Type Buyout (LBO, MBO, MBI)

Target

Relay Fire and Safety

Quincy, Massachusetts, United States
Relay Fire and Safety is a commercial fire protection and life safety company. Relay Fire and Safety was founded in 2023 and is based in Quincy, Massachusetts.

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Buyer(S) 1

Buyer

Riverside

New York, New York, United States

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 281 of 293
Sector (Safety/Security) 9 of 9
Type (Buyout (LBO, MBO, MBI)) 145 of 148
State (Massachusetts) 7 of 9
Country (United States) 195 of 202
Year (2022) 11 of 11
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-01 Clarus

Fort Worth, Texas, United States

Clarus is a manufacturer and seller of wall-mounted and mobile glassboards, architectural glass systems and related accessories primarily to corporate, education, healthcare and government customers. The company manufactures products from its facility in Texas and sells into the architectural and design and commercial furniture channels. Clarus was founded in 2009 and is based in Fort Worth, Texas.

Sell -