Cleveland and New York-based private equity firm the Riverside Co. has acquired Safebuilt, which provides community development services.
Safebuilt, headquartered in Loveland, Colorado, helps governments and public agencies build department programs. The company also help with planning and zoning, code enforcement and other administrative functions.
Riverside's recent deals include the purchase of LeaseHawk's education division to add to portfolio company Grace Hill, earlier in November. Before that, the company sold Aerco International Inc. to Watts Water Technologies Inc. (NYSE: WTS) for about $265 million. Riverside's co-CEOs won Mergers & Acquisitions Mid-Market Dealmakers of the Year award for 2013.
MidCap Financial provided financing for the transaction. Jones Day advised Riverside.