River Associates Investments Acquires JBC Technologies

JBC Technologies Acquires NADCO Tapes & Labels

September 15, 2026

Manufacturing

JBC Technologies has acquired NADCO Tapes & Labels to expand its specialty converting and manufacturing capabilities across medical, aerospace, battery energy storage, industrial, and consumer end markets. NADCO’s Sarasota, Florida operation will remain open and bolster JBC’s Southeast manufacturing footprint, with expanded printing and tape converting/label capabilities.

Madison River Capital Recapitalizes and Invests $70M in JDC Power Systems

July 16, 2024

Engineering Services

Madison River Capital completed a $190 million recapitalization and a $70 million equity investment in JDC Power Systems, an Armonk, New York-based electrical systems integrator serving the data center market. The transaction positions JDC for accelerated growth in the rapidly expanding data center sector and includes new operating leadership appointments from MRC's team.

Riveria-Backed JBC Holdings Merges with WorkGenius

June 6, 2022

Staffing & HR

Riveria Investment Group–backed JBC Holdings has merged with WorkGenius, an end-to-end freelance hiring and management platform. The combination brings WorkGenius’s vetted freelance marketplace and talent-management technology into JBC’s family of human-capital services, expanding JBC’s digital capabilities and service offering to employers.

JBC Technologies Acquires HST Materials, Inc.

April 6, 2022

Manufacturing

JBC Technologies, a River Associates-backed flexible materials converter, has acquired Elk Grove Village, Illinois-based HST Materials, Inc. as an add-on to expand JBC's geographic footprint and augment its converting and die-cutting capabilities, particularly servicing automotive and off-road transportation OEMs and tier suppliers. The deal closed March 31, 2022; terms were not disclosed and the seller was HST's former ownership (Kathy Miller and Eric).

JBC Technologies (River Associates Portfolio Company) Acquires Die Cut Technologies

December 7, 2021

Manufacturing

JBC Technologies, a portfolio company of River Associates Investments, acquired Die Cut Technologies (DCT), a Northglenn, Colorado-based full-service die-cutting and flexible materials converter. The add-on acquisition — JBC's first — closed on December 7, 2021 and expands JBC's converting capabilities (laser cutting, cleanroom production, large-format die cutting), manufacturing footprint, and presence in medical, electronics, automotive, and aerospace end markets.

May River Capital Acquires PaperTech

December 8, 2020

Packaging

May River Capital, a Chicago-based private equity firm, has acquired PaperTech, a Findlay, Ohio manufacturer of sustainable, dual-ovenable paperboard trays and bowls serving the frozen food and foodservice markets. PaperTech has nearly 200 employees and produces over 500 million trays annually; founder Larry Epstein will retire (remaining a shareholder) while co-founder Al Fotheringham will remain as a shareholder and continue as Chief Development Officer.