G.H. Pettway

River Associates Investments is a private equity partner for management teams in buyouts, divestitures and recapitalizations of lower middle market companies. Founded in 1990, River Associates has invested in companies operating in a wide variety of industries including manufacturing, high-margin distribution, industrial services and non-faddish retail. River Associates will generally avoid investments into heavily regulated industries, as well as start-up, high-technology, commodity or natural resource companies. The firm will invest throughout the United States and Canada in platform companies with the following financial parameters: Sales greater than $10 million; Gross margin in excess of 20% of sales; and EBITDA of $3-10 million (Adjusted for nonrecurring expenses). River Associates is currently investing River V(, LP, a $222 million committed capital fund. Transaction values typically range from $10-50 million.