Portfolio

Intelliteach was acquired as CMS, a market leading provider of legal process outsourcing solutions (LPO) to the legal and accounting markets. The Company is made up of 3 divisions, CMS Management Solutions, iRIS Technology and Intelliteach. With the addition of Intelliteach, the combined entities were rebranded to that name. CMS Management Solutions provides outsourced accounting solutions, which includes accounts receivable management, billing, client intake and cash applications. iRIS Technology provides business intelligence software that is designed to provide law firms insight on how to improve their profitability by increasing their billing/collection realization and reducing their cost. iRIS i3 Business Intelligence package is offered a SaaS model hosted in St Louis. Intelliteach provides IT Help Desk support service to over 100,000 law firm users, in 1,250 offices, in over 400 locations, in 25 countries. Intelliteach has developed IQTrack, a proprietary ticketing and knowledge base software package that manages all client interactions.

Roscoe Medical is a major manufacturer and distributor of innovative home healthcare products that promote independence and better living in the home. Roscoe Medical’s core product lines include respiratory products, CPAP products, durable medical equipment and pain management products. With three locations serving over 2,800 customers (home medical equipment dealers, buying groups, retailers, chiropractors, and physical therapists) throughout the U.S., Canada and Puerto Rico, the company is known for providing quality products at competitive prices with excellent customer support.

Since River Associates’ initial investment into Roscoe Medical, the Company has made two strategic add-on acquisitions—American Bantex and Current Solutions.

Manufactures brazing and soldering preforms used for a variety of joining applications in microelectronics packaging and assembly. The semi-conductor industry is a primary Coining customer. Coining’s products are essentially micro-stampings made from precious metals (primarily gold or silver) that are used to weld other metals. Coining serves 400+ customers in the United States and twenty foreign countries. The company prides itself on offering quality products at competitive prices with exceptionally fast turnaround times. A regional private investment bank near Pittsburgh introduced River to Coining. Via the synergistic add-on acquisition of the SEMX Corporation, Coining also manufactures critical interconnect materials (bonding wire, die attach performs, bond pads and ribbons) which are utilized in automotive electronics, telecommunications, military and medical devices.

Wheaton produces and markets laboratory instruments and equipment, liquid handling equipment, and specialty glass apparatus (i.e. vials, ampules, containers, instruments, and closures) for general laboratory use, analytical testing, general and specialty chemical and compound storage, cell growth and glass making. River Associates acquired Wheaton, along with the company’s senior management, in a corporate divestiture process from Alcan. The opportunity to acquire Wheaton was originally introduced to River Associates by a mezzanine lender who ultimately provided the mezzanine debt in the acquisition.

Spectrum compounds, packages, and markets specialty lubricants including two-cycle engine oil, bar and chain oil, small engine oil and hydraulic oil which are all commonly used in power lawn and garden equipment. Spectrum also blends select automotive lubricants. River Associates partnered with Spectrum’s management team to recapitalize the company from another private equity group and differentiated itself in the recapitalization process by agreeing to complete its due diligence in seven days and close the transaction in thirty days. Since the initial investment by River Associates, Spectrum has completed two strategic add-on acquisitions.

Boxercraft is a leading supplier of quality specialty apparel including spiritwear, campus apparel and licensed collegiate apparel. The company’s products are sold principally to decorators (i.e., screen printers and embroiderers) and promotional products distributors, as well as to retail outlets and resorts throughout the U.S. The CEO/founder of Boxercraft selected River Associates as his financial partner after substantial “reverse due diligence” on River Associates, including detailed reference interviews with CEOs from current and former portfolio companies.