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New Deal


Announced

Completed

Riverside completed the acquisition of ProVelocity.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Acquisition

Friendly

IT Services: Other

Domestic

Private

Single Bidder

United States

Completed

it services

Majority

Synopsis

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Riverside, a private investor, completed the acquisition of ProVelocity, an IT solutions provider. Financial terms were not disclosed. “The MSP market is an attractive area for a roll-up strategy given the highly fragmented market, positive industry tailwinds and benefits of scale. ProVelocity and IronEdge are synergistic businesses, and we look forward to supporting their growth," Loren Schlachet, Riverside Micro-Cap Fund Managing Partner.

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