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Announced

Completed

The Riverside Company completed an investment in Lanstar.

Financials

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

Tags

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United States

it services

IT consulting services

IT Services: Other

Acquisition

Private Equity

Minority

Completed

Friendly

Single Bidder

Private

Domestic

Synopsis

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The Riverside Company, a private equity investment firm, completed an investment in Lanstar, an outsourced managed IT service provider. Financial terms were not disclosed. “We are excited to welcome LANstar to the ProVelocity and IronEdge team. The company delivers a high-quality offering while ensuring outstanding customer service. Together, with LANstar, we will leverage our combined resources to continue to provide top-notch service to our customers,” Garrett Monda, RMCF (Riverside Micro-Cap Fund) Principal.

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