Howard: 'This transaction marks a significant milestone in Riveron’s growth journey and accelerates our path to becoming the preeminent independent financial consulting firm'

On July 13, H.I.G. Capital, a prominent global alternative investment firm managing $57 billion in capital, announced the successful sale of its portfolio company Riveron to affiliates of Kohlberg & Company. Despite the sale, H.I.G. will maintain its partnership with Riveron through a minority investment.

“H.I.G. has been a tremendous partner to Riveron and instrumental in helping us execute on our strategic vision,” said Julie Howard, Riveron’s Chief Executive Officer, according to a press release. “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. We are grateful for the continued support from H.I.G. and we welcome our new partnership with Kohlberg.” 

According to the press release, H.I.G. Capital has completed the sale of its portfolio company Riveron to affiliates of Kohlberg & Company. Although the specific terms of the transaction were not disclosed, H.I.G. will retain its partnership with Riveron through a minority investment. 

“When we invested in Riveron four years ago, we were excited to partner with a fast-growing, entrepreneurial organization with a differentiated culture,” said Keval Patel, Managing Director at H.I.G., according to the press release. “Since then, we have been proud to play a role in the outstanding growth that the Company has achieved. Riveron is an exceptional company with world-class leadership and exciting growth prospects, and we look forward to continuing to support the business in its next chapter.” 

Since H.I.G.'s acquisition of Riveron in May 2019, the company has experienced significant expansion through strategic growth initiatives and acquisitions, resulting in a threefold increase in revenues and the establishment of Riveron as a prominent independent financial consultancy according to the press release.

“We have enjoyed our partnership with the Riveron team and truly appreciate their commitment to building a great business,” said Jon Contos, Managing Director at H.I.G., according to the press release. “We believe Riveron is very well positioned in a space with significant growth opportunities, and we look forward to participating in the Company’s continued success.”