River Associates Acquires Hoskin Scientific

Chattanooga, TN, January 12, 2022

River Associates Investments, LP (“River Associates” or “River”), a longstanding lower-middle market private equity firm based in Chattanooga, TN, announced that it has acquired Hoskin Scientific, Limited (“Hoskin” or “Hoskin Scientific”). The transaction closed on December 30, 2021.

Based in Burnaby, British Columbia with operations in four Canadian Provinces, Hoskin is a value-added distributor of essential test, measurement and monitoring equipment serving the environmental, geotechnical and processing markets throughout Canada. For over 75 years the company has provided expert consultative support to assist customers in finding the best product for their needs.

“Finding the best company to support our growth was extremely important for us,” said Rod McKeown, President of Hoskin Scientific. “With River Associates we’re confident that we have an experienced partner with the track record and resources to help us continue building the company. River Associates’ partnership approach resonated well with our team, and we are very excited about working with them.”

“River is proud to announce our latest platform acquisition: Hoskin Scientific,” said Craig Baker, Partner at River Associates. “Founded in 1946, the company has a longstanding reputation for technical expertise, strong vendor relationships, and customer loyalty and trust. We are excited for the opportunity to partner with the management team to support the continued growth and success of the company.”

River funded the transaction with equity from its seventh investment fund (River VII, L.P.). Financing was provided by Bank of Montreal and PNC Mezzanine Capital. River Associates was advised by Miller Thomson LLP and Waller Lansden Dortch & Davis, LLP. Hoskin was advised by KPMG Corporate Finance LLC and Stikeman Elliott LLP.

Hoskin will seek to acquire businesses that that supply similar or complementary products as referenced above. Please contact Mark Jones for additional information.