H.I.G. Capital divests majority stake in Riveron to Kohlberg & Company

H.I.G. Capital, a global alternative investment firm with $57 billion of capital under management, has announced the sale of its portfolio company, Riveron, to affiliates of Kohlberg & Company.

Retaining a minority investment, H.I.G. Capital will sustain its collaboration with Riveron. The specific terms of the transaction remain undisclosed.

Riveron, founded in 2006, provides comprehensive accounting, finance, technology, and operations services, helping clients address complex business challenges. With a team of over 700 experts dispersed across 12 US offices, Riveron offers practical solutions to CFOs, private equity firms, and other stakeholders. These experts leverage their consulting, public accounting, and industry experience to deliver significant results.

Under H.I.G. Capital’s ownership since May 2019, Riveron executed a series of strategic growth initiatives and acquisitions. This proactive approach resulted in a tripling of revenues, positioning the Company as a leading independent financial consultancy.

Keval Patel — H.I.G. Capital Managing Director said: “When we invested in Riveron four years ago, we were excited to partner with a fast-growing, entrepreneurial organization with a differentiated culture. Since then, we have been proud to play a role in the outstanding growth that the Company has achieved.

“Riveron is an exceptional company with world-class leadership and exciting growth prospects, and we look forward to continuing to support the business in its next chapter.”

As a national business advisory firm, Riveron forms partnerships with clients to improve performance and broaden possibilities throughout the transaction and business lifecycle.

Riveron’s integrated teams offer industry-specific knowledge and deep functional expertise across a range of sectors including accounting, ESG, finance, M&A, operations, restructuring & turnaround, strategic communications, tax, and technology. Serving a diverse array of clients around the world, Riveron continues to address any business challenge with tailored solutions.

Julie Howard — Riveron CEO said: “H.I.G. has been a tremendous partner to Riveron and instrumental in helping us execute on our strategic vision.

“This transaction marks a significant milestone in Riveron’s growth journey and accelerates our path to becoming the preeminent independent financial consulting firm serving corporate management teams, private equity firms, lenders, and other intermediaries. We are grateful for the continued support from H.I.G. and we welcome our new partnership with Kohlberg.”