The Riverside Company Recapitalizes LMG Holdings, Inc.
February 4, 2020
The Riverside Company’s value-based private equity arm led a recapitalization of LMG Holdings, Inc., a provider of ignition interlock devices and portable alcohol monitoring solutions. The transaction partners Riverside with LMG’s existing ownership to support growth, product and technology development, and expansion of LMG’s nationwide service network.
- Buyers
- The Riverside Company
- Targets
- LMG Holdings, Inc.
- Sellers
- Existing ownership group of LMG
- Industry
- Medical Devices
- Location
- Ohio, United States
- Transaction Type
- Recapitalization
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Related Acquisitions
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The Riverside Company Acquires SCRAM Systems and Adds to LMG Holdings Platform
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The Riverside Company’s value-based private equity arm has acquired Alcohol Monitoring Systems, Inc. (dba SCRAM Systems), a provider of transdermal alcohol, location monitoring and offender-management software for courts and corrections agencies. SCRAM will be combined with Riverside’s LMG Holdings, Inc. platform (flagship brand LifeSafer) to broaden monitoring product capabilities and expand service offerings and geographic reach to judicial and corrections customers.
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The Riverside Company Acquires LightHouse Business Information Solutions as Add-on to ProVelocity/IronEdge MSP Platform
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The Riverside Company, via its Micro-Cap Fund, has acquired LightHouse Business Information Solutions as an add-on to its Managed IT Services platform ProVelocity and IronEdge Group. LightHouse, headquartered in Albuquerque, New Mexico (with a satellite office in Olathe, Kansas), provides outsourced IT services to SMBs and local governments across professional services, industrials, healthcare and non-profit verticals; the deal expands Riverside’s MSP footprint in New Mexico and the Midwest.
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Brentwood Associates Recapitalizes MedBridge
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The Riverside Company Becomes Majority Investor in OutSolve; LNC Partners Recapitalizes Stake
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The Riverside Company Invests in Independent Living Specialists (ILS)
April 6, 2020
Healthcare Services
The Riverside Company has made a growth investment in Independent Living Specialists (ILS), a Sydney-based retailer and distributor of mobility and homecare products. Riverside said the capital will support ILS's national expansion—both organically and via bolt-on acquisitions—and accelerate growth of its retail showrooms, clinically trained field force and online channels.
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The Riverside Company / Lexipol Acquire Cordico
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The Riverside Company has invested in Cordico and merged the provider of mobile wellness applications into Riverside portfolio company Lexipol. The deal adds Cordico’s purpose-built, anonymous behavioral-health SaaS for law enforcement, fire, EMS and corrections to Lexipol’s public-safety policy and training platform to accelerate cross-sell and expand wellness capabilities for first responders.
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