M&A Deal Summary

The Riverside Company Acquires FlavorSum

On March 11, 2020, private equity firm The Riverside Company acquired food company FlavorSum

Acquisition Highlights
  • This is The Riverside Company’s 10th transaction in the Food sector.
  • This is The Riverside Company’s 175th transaction in the United States.
  • This is The Riverside Company’s 9th transaction in Michigan.

M&A Deal Summary
Date 2020-03-11
Target FlavorSum
Sector Food
Buyer(s) The Riverside Company
Deal Type Consolidation

Target

FlavorSum

Kalamazoo, Michigan, United States
FlavorSum offers a robust library of high-quality flavors and creative flavor development. FlavorSum offers a customer portal and flavor sample ordering tool, Flavors. FlavorSum was founded in 1941 and is based in Kalamazoo, Michigan.

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Buyer(S) 1

Buyer

The Riverside Company

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 253 of 284
Sector (Food) 10 of 10
Type (Consolidation) 7 of 9
State (Michigan) 9 of 9
Country (United States) 175 of 196
Year (2020) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-09 Connexient

New York, New York, United States

Connexient LLC is a provider of Indoor Mapping, Navigation and Location-based Services for Enterprises with large, complex buildings and campuses. The MediNav Navigator Edition Patient Experience solution helps hospitals and healthcare networks to increase customer satisfaction and loyalty, reduce missed or late appointments and improve HCAHPS scores. Connexient was established in 2015 and is based in New York City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-07 ILS

Sydney, Australia

ILS is a hospital and home-care equipment supplier.

Buy -
Mergr

Product

Company

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