Kohlberg & Co., a private equity firm headquartered in New York, has acquired Riveron, a business advisory firm focused on the office of the CFO, private equity and other capital providers.
Founded in 2006, Riveron helps clients with business challenges through its suite of accounting, finance, technology and operations services that span the business lifecycle. With over 700 employees across 12 offices in the U.S., Riveron professionals draw on their consulting, public accounting and industry backgrounds to implement services to its clients. H.I.G. Capital will continue its partnership with Riveron through a minority investment.
“We look forward to contributing our team’s insights and our capital base to help extend Riveron’s innovative suite of capabilities while maintaining its focus on providing world-class business advisory services to its clients and firmly establishing the company as the employer of choice in the industry,” says Ahmed Wahla, partner and head of business services at Kohlberg.
Jefferies Group LLC and Moelis & Co. acted as financial advisors to Riveron and McDermott Will & Emery acted as legal counsel to H.I.G. and Riveron in connection with the transaction. Guggenheim Securities LLC and Citizens served as financial advisors to Kohlberg. Ropes & Gray LLP and Greenberg Traurig LLP acted as legal counsels to Kohlberg.