Investment Summary

Riverspan Partners Invests In Polaris Laboratories

On October 8, 2024, private equity firm Riverspan Partners invested in test/measurement equipment company Polaris Laboratories

Investment Highlights
  • This is Riverspan Partners’ 1st transaction in the Test/Measurement Equipment sector.
  • This is Riverspan Partners’ 1st transaction in the United States.
  • This is Riverspan Partners’ 1st transaction in Indiana.

Investment Summary
Date 2024-10-08
Target Polaris Laboratories
Sector Test/Measurement Equipment
Investor(s) Riverspan Partners
Deal Type Growth Capital
Advisor(s) KPMG Corporate Finance LLC (Financial)
Barnes & Thornburg (Legal)

Target

Polaris Laboratories

Indianapolis, Indiana, United States
Polaris Laboratories specializes in testing and analyzing oils, diesel fuels, coolants, and greases to provide maintenance recommendations that reduce maintenance costs, improve equipment reliability, and minimize unscheduled downtime for customers in the industrial, off-highway, back-up power, transportation, midstream oil, and gas, mining, and marine industries. Polaris Laboratories was founded in 1999 and is based in Indianapolis, Indiana.

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Investor(S) 1

Investor

Riverspan Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2021
Size Small
Type Sector Agnostic
DESCRIPTION

Riverspan Partners is a private investment firm focused on partnering with lower middle-market companies where operational improvements is something that target companies can benefit from. Riverspan has no stated sector preferences and pursues profitable businesses with $5 to $35 million of EBITDA. Riverspan Partners was formed in 2021 and is based in Chicago, Illinois.

DEAL STATS #
Overall 1 of 1
Sector (Test/Measurement Equipment) 1 of 1
Type (Growth Capital) 1 of 1
State (Indiana) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Mergr

Product

Company

Legal