Riverside Partners Makes Majority Investment in Bottom Line Systems

Columbia River Partners Invests in Business Solution Partners

February 6, 2023

Software

Columbia River Partners has made a control investment in Business Solution Partners (BSP), a New York–based NetSuite-focused software development and ERP implementation firm. Capital to support the transaction was provided by Centerfield Capital Partners and Everside Capital Partners; BSP's management, led by CEO David Smooha, will remain in place as the company pursues organic growth and acquisitions.

Fellow Health Partners Acquires Billing Services, Inc.

January 14, 2020

Healthcare Services

Fellow Health Partners, a New York-based medical business solutions company, has acquired Billing Services, Inc. (BSI), a long-established medical billing firm with locations in Manhattan, Ronkonkoma, and East Hampton, New York. The acquisition gives Fellow Health Partners additional billing scale and client relationships (BSI handled over $400 million in billing for 250+ clinicians) and enables the combined company to deploy Fellow's SAVi technology and training to expand services.

Riverside Partners Completes Platform Investment in Sequoia Consulting Group

January 18, 2022

Healthcare Services

Riverside Partners, a Boston-based private equity firm, completed a platform investment in Sequoia Consulting Group, a San Diego–headquartered life sciences consulting firm led by founder and CEO Brandy Bullen. The partnership will support Sequoia’s growth, capability expansion, and geographic reach as the company continues to provide technical operations, quality and scientific operations, business transformation, and program/project management services to biotech, pharma, diagnostics, and medical device clients.

Riverside Partners Completes Platform Investment in UnisLink

May 10, 2022

Healthcare Services

Riverside Partners, a Boston-based private equity firm, completed a new platform investment in UnisLink Holdings LLC, a Phoenix-headquartered provider of end-to-end revenue cycle management and population health management services. The founders will remain in management and retain a large equity stake; Riverside said it will support UnisLink's next stage of growth both organically and through acquisitions. Financial terms were not disclosed.

Thoma Bravo Acquires Bottomline Technologies

May 13, 2022

Payments & Fintech

Thoma Bravo completed an all-cash acquisition of Bottomline Technologies for approximately $2.6 billion, taking the payments software company private. Thoma Bravo said it will leverage its capital and operating expertise to accelerate Bottomline’s product innovation and global growth while Bottomline appointed Craig Saks as CEO.

The Riverside Company Becomes Majority Investor in OutSolve; LNC Partners Recapitalizes Stake

October 17, 2022

Staffing & HR

The Riverside Company has acquired a majority equity stake in OutSolve, LLC, a Metairie, Louisiana-based provider of outsourced labor and employment compliance solutions. LNC Partners sold the majority interest held in its Fund I while LNC's Fund II also joined as a new investor; Riverside plans to drive growth through add-on acquisitions and expanding adjacent services such as pay equity, DE&I and ESG.