3 Rivers Capital Acquires Majority Stake in Blue Chip Group

3 Rivers Capital Acquires Magnum Systems from Blue Sage Capital

February 14, 2023

Manufacturing

Pittsburgh-based private equity firm 3 Rivers Capital has acquired Magnum Systems, a Lenexa, Kansas-based designer and manufacturer of material handling and packaging systems. Patriot Capital and SharpVue Capital provided debt and equity financing for the transaction; seller was Blue Sage Capital, which exits after a prior 2016 investment. The deal supports 3 Rivers' entry into industrial automation and will expand Magnum's engineering, project management, and product capabilities.

3 Rivers Capital Acquires Aptus Group USA

December 20, 2019

Infrastructure

3 Rivers Capital, a lower middle-market private equity firm, has acquired Aptus Group USA, a Charlotte-based provider of bridge-attached utility repair and maintenance services. The founder, Scott T. Dill, remains CEO as 3RC partners with Aptus to expand its geographic footprint beyond the eastern U.S. and accelerate strategic growth.

3 Rivers Capital Acquires Majority Stake in Gaven Industries, Inc.

March 1, 2022

Manufacturing

Pittsburgh-based private equity firm 3 Rivers Capital has acquired a majority stake in Gaven Industries, Inc., a Saxonburg, Pennsylvania manufacturer of radio frequency (RF) and magnetic shielding for defense, industrial and medical clients. 3 Rivers Capital said it will expand Gaven's operational infrastructure and grow the company's client base to build on its existing market position.

3 Rivers Capital Acquires Interlight

August 6, 2019

E-Commerce

Pittsburgh-based private equity firm 3 Rivers Capital has acquired Interlight, a family-owned online distributor of specialty and replacement light bulbs and batteries headquartered near Chicago. 3 Rivers Capital plans to partner with Interlight's existing management (the founder's three sons), install ecommerce veteran Jeffry Graham as CEO, and support growth through strategic and operational collaboration.

AGS Automotive Solutions (3 Rivers Capital Portfolio) Acquires BluDot Manufacturing

December 1, 2022

Manufacturing

AGS Automotive Solutions, a portfolio company of private equity firm 3 Rivers Capital, has acquired BluDot Manufacturing, a South Bend, Indiana-based manufacturer of trailer brake systems and hydraulic brake kits. The acquisition is an add-on to AGS's strategy to expand its OEM and aftermarket braking product capabilities and broaden its footprint in the trailer and recreational vehicle markets.

IQ-EQ Acquires Blue River Partners

June 12, 2020

Financial Services

IQ-EQ has completed the acquisition of Blue River Partners, a U.S. provider of outsourced fund administration and middle-office services, expanding IQ-EQ’s footprint in the United States. The combined U.S. operation will total about 200 funds professionals and strengthens IQ-EQ’s capabilities in fund administration, compliance, tax, and IT/cybersecurity services for alternative asset managers.