Investment bank and financial advisory firm Brown Gibbons Lang & Company (BGL) has divested Riverside Paper to packaging company SupplyOne.
Riverside, which was founded in 1973, offers a wide array of manufactured and distributed industrial and business packaging and shipping products and supplies. It serves more than 40,000 orders per year.
BGL director & principal Kevin H. Sargent said: “It was a true pleasure to work with Riverside and its owners. BGL has significant experience across a range of packaging and distribution sub-sectors, which we were able to leverage on behalf of Riverside for a very positive outcome.”
Additionally, the company offers wide variety of shipping, packaging, warehouse, and maintenance products.it offers next-day delivery and shipping in Miami, Tampa, and Orlando, Florida.
Riverside’s owners said: “The BGL team has a keen understanding of our business and industry and did an outstanding job delivering on our transaction goals and objectives. They worked tirelessly to structure an exceptional transaction that has enabled Riverside to partner with an industry leader.”
BGL, which has experience in transactions in the packaging and distribution industries, acted as the exclusive financial advisor to Riverside, while Berger Singerman served as legal counsel.
The two companies did not disclose specific terms of the transaction.
In August last year, SupplyOne, which is a portfolio company of Wellspring Capital Management, acquired high-value standard and custom industrial packaging solutions distributor GTI Industries (GTI).