The Riverside Company sells iAutomation

Global private equity firm The Riverside Company has sold iAutomation following a 10-year hold that saw the company overcome a challenging environment to post significant growth.

Based in North Attleboro, Massachusetts, iAutomation develops and distributes highly engineered automation solutions for original equipment manufacturers. It helps customers to identify, select, procure, apply and operate sophisticated components used to automate machinery.

During the hold, Riverside completed and integrated three add-on acquisitions and oversaw revenue growth of more than 450% and EBITDA growth of more than 300%.

In addition to securing and helping integrate the add-ons, Riverside guided a CEO transition, worked through the loss of a major supplier and supported the business through market challenges.

Lincoln International acted as the investment banking advisor and Jones Day acted counsel for Riverside on this transaction with a team led by partner Lisa Lathrop.

Involved fees earner: Lisa Lathrop – Jones Day;

Law Firms: Jones Day;

Clients: Riverside Company;

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Author: Ambrogio Visconti