River Associates Acquires Dollamur Sport Surfaces

Chattanooga, TN, April 19, 2024

 

 

River Associates Investments, L.P. (“River Associates”), a longstanding lower middle market private equity firm based in Chattanooga, TN, is pleased to announce the successful acquisition of Dollamur, LLC and its subsidiaries (“Dollamur” or “the Company”). The transaction closed on April 19, 2024.

Founded in 1996 and based in Fort Worth, TX, Dollamur is a leading manufacturer and supplier of branded sports surfaces. Dollamur serves a variety of sporting markets including wrestling, gymnastics, cheerleading, martial arts, fitness and home training. Dollamur has a great reputation for being a high-quality manufacturer and brand and is specifically well known for its lightweight and portable Flexi-Roll mat products and for its patented Flexi-Connect mat connection system. Its innovative, proprietary products and a commitment to technological advancements in production have enabled Dollamur to set new industry standards for the sport mat industry. Dollamur mats are the preferred choice in hundreds of top-level sports competitions, including many national championships and Olympic-qualifying tournaments throughout the United States, Canada, Europe, Africa, South America, Asia, and the Middle East.

“We are very excited to be partnering with River Associates to pursue our next stage of growth as a company,” said Don Ochsenreiter, President and Chief Executive Officer of Dollamur. “We conducted a national search looking for a partner with a track record of successfully building companies like Dollamur while also sharing similar core values and beliefs. I am confident that we have found the right partner in River Associates, and I look forward to the next chapter of Dollamur’s success.”

“We are excited to have Dollamur join the River family,” said Blake Lewis, Principal at River Associates. “Dollamur is an industry leader in several different markets with a great reputation for offering high-quality, portable products paired with great customer service. The Dollamur management team is eager to pursue growth, and we are thrilled that they have chosen us as their partner.”

River funded the transaction with equity from its eighth investment fund (River VIII, L.P.). Financing was provided by Bremer Bank and Northstar Capital. River Associates was advised by Holland & Knight, LLP. Dollamur was advised by Silvermark Partners LLC and Bass, Berry & Sims PLC.

River Associates and the Dollamur management team will seek complementary strategic acquisition partners. For more information, please reach out to Mark Jones.

About River Associates: 

River Associates is a private equity firm based in Chattanooga, TN, which focuses exclusively on investing in the lower middle market and has served as a financial sponsor partner for management teams for over 35 years. Target businesses can be privately held, private equity-backed, or divestitures from larger companies. River Associates is opportunistic as to industry and has invested in numerous manufacturers, high margin distributors, industrial service providers and business service companies. River targets U.S. & Canadian companies typically with EBITDA in the $3-12 million range. Since its founding in 1989, River Associates has initiated more than 115 transactions. River is currently investing its eighth investment fund, which has $345 million of committed capital. For more information, visit riverassociates.com.