Riverside Partners Named to Inc.’s 2023 Founder-Friendly Investor List

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Annual roundup highlights private equity and venture capital firms with the best track records of success backing founders

BOSTON, October 31, 2023 /PRNewswire/ — Riverside Partners, a BostonA private equity firm based in the technology and healthcare sectors, today announced that it has been recognized as an Inc founder-friendly investor. 2023. The Inc List recognizes private investment companies with the best track record of success in supporting founder-owned businesses. This is the third year in a row that Riverside Partners has been included on this list.

The list, published on October 31st rewards businesses that founders and entrepreneurs view as collaborative and trustworthy because they receive the financial support they need to drive growth. Companies on Inc.’s list have a proven track record of maintaining active involvement in their portfolio activities.

“Fully investing in an entrepreneur and their innovative vision involves much more than a financial investment. By developing relationships with entrepreneurs and supporting them over the long term, these private equity firms are more than investors, they are partners,” says Scott Omelianukeditor-in-chief of Inc. Media.

David Belluckgeneral partner at Riverside Partners, commented on the award saying, “It is an honor to be recognized as one of Inc.’s top founder-friendly investors. 2023. The award is a tribute to our long-standing commitment to partnering with founders to achieve their goals for themselves and their businesses, and to help them accelerate the growth of their businesses. For over thirty years, we have invested in founder-owned healthcare and technology companies. The founders we team with retain significant equity, play a meaningful role going forward, and we care deeply about their employees. We are proud to build close relationships with them based on a high degree of trust, alignment and collaboration and to provide additional resources to further develop their businesses.

Steven F. Kaplangeneral partner at Riverside Partners, added: “The first factor we look at when considering an investment is the chemistry between Riverside Partners, the founder and its management team. The second factor is whether we are aligned around a common vision. “

Asked about his experience partnering with Riverside Partners, Dr. Afchin Safavifounder of BioAgilytix, a new portfolio company of Riverside Partners, said: “Riverside Partners was an exceptional partner for BioAgilytix. Riverside The team professionalized the business and brought a critical value-add approach to prepare us for the next phase of growth. They provided deep domain expertise, constant operational and strategic support, customer presentations and significant investments for expansion – all of which helped establish the foundation that allowed us to become a global leader in the pharmaceutical services.

After hearing about Riverside Partners’ selection as Inc.’s top founder-friendly investor. 2023, Joe Spytekco-founder and CEO of ITC Global, said: “Riverside Partners helped me lead a major transformation of ITC Global. My co-founders and I had built a niche satellite communications company focused on serving the global mining sector. With Along the river With the help of us, we expanded into the much larger oil and gas sector and acquired two companies, including one in Europe and one in Africa, and became the number two player in space. Additionally, we have expanded our global operations from 20 countries to over 90 in a short time. Riverside helped build our team, including guiding the hiring of our first CFO, a very strong executive who had previously served as CFO of another Riverside holding company. Finally, Riverside was instrumental in leading and negotiating our final sale to Panasonic Corporation. This recognition is well deserved. »

Introduced in 2019, the list of founder-friendly private equity firms has quickly established itself as one of Inc.’s most resourceful franchises. It has become an essential guide for entrepreneurs who wish to develop their business while maintaining an ownership stake.

To see the full list, go to: https://www.inc.com/founder-friendly-investors/2023

The November 2023 issue of Inc. the magazine is available online now at https://www.inc.com/magazine and will be on newsstands from October 31, 2023.

About Inc.
Inc., the world’s most trusted business media brand, provides entrepreneurs with the knowledge, tools, connections and community they need to build great businesses. Its award-winning, multi-platform content reaches more than 50 million people each month across a variety of channels, including websites, newsletters, social media, podcasts and print. Its prestigious Inc. 5000 list, produced annually since 1982, analyzes company data to recognize the world’s fastest-growing private companies. United States. The global recognition that comes with inclusion in the 5000 list gives founders of top companies the opportunity to engage with an exclusive community of their peers and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.

About Riverside Partners
Founded in 1989, Riverside Partners is a middle market private equity firm with a total capital commitment of $1.6 billion raised since its creation. The company focuses on growth-oriented businesses in the technology and healthcare sectors. Riverside Partners is particularly experienced in partnering with founders, owners and management teams and brings substantial subject matter expertise and operational experience to its portfolio companies. For more information, visit www.riversidepartners.com.

Legal Disclosure
Industry recognitions or awards should not be construed as an endorsement or recommendation to retain the advisor by the ranking entity or any regulatory authority. Any rankings or awards cited have been provided by independent third parties based on their predetermined evaluation criteria. Although Adviser paid compensation to the ranking entity for inclusion in the survey, it exercised no influence or control over the criteria used or the results generated, other than providing or providing provision, directly or indirectly, of objective numerical data which could have been used by third parties as input variables. Statements by Dr. Afchin Safavi And Joe Spytek are endorsements made by executives of former portfolio companies in which the advisor has invested. No direct or indirect compensation has been provided for such statements.

SOURCE Riverside Partners

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