Kohlberg & Company to acquire Riveron

Kohlberg & Company, a Mount Kisco, NY-based mid-market private equity firm, has agreed to acquire Riveron, a national business advisory firm. The deal, for which financial terms were not disclosed, is expected to close in July.

The acquisition will see H.I.G. Capital exit its majority stake in Riveron after four years of ownership. The private equity firm will retain a minority stake, while a “significant” percentage of Riveron’s employees will be equity owners of the company.

“This transaction marks a significant milestone in Riveron’s growth journey and accelerates our path to becoming the preeminent independent financial consulting firm serving corporate management teams, private equity firms, lenders, and other intermediaries,” said Julie Howard, CEO of Riveron.

Founded in 2006 and headquartered in Dallas, Riveron provides an expansive suite of consulting services to CFOs and investors – including accounting, ESG, finance, M&A, operations, restructuring & turnaround, strategic communications, tax, and technology services.

The firm has more than 700 employees across 12 offices in the United States.

“Over the last two years, we have conducted extensive diligence on the CFO services sector, which fits squarely within the long-term secular themes we have successfully invested behind in our broader Business Services core practice area,” said Ahmed Wahla, partner and head of business services at Kohlberg. “We look forward to contributing our team’s insights and our capital base to help extend Riveron’s innovative suite of capabilities while maintaining its focus on providing world-class business advisory services to its clients and firmly establishing the Company as the employer of choice in the industry.”

Founded in 1987, Kohlberg has organized 11 private equity vehicles totaling an aggregate $14 billion+. The firm invests in a variety of transactions including leveraged carveouts, take-private transactions, and acquisitions of privately held companies.