Paradigm Tax Group is a national consulting firm specializing in providing taxpayers of commercial, industrial, multi-residential, and special purpose properties with property assessment and tax management services. The firm has more than 2,500 customers across a diversified set of industries and geographies. Customers include real estate investment trusts and multi-national corporations. Paradigm has 31 offices across the US and is headquartered in Phoenix (www.paradigmtax.com).
“Paradigm’s national footprint, dedicated focus on property tax, and talented employee base truly differentiates it from its competitors and has led to meaningful growth over time,” said Riverside Partner Matt Dailey. “We are excited to be partnering with Paradigm CEO Bob Dunlap and his team, and we intend to aggressively support Paradigm’s robust organic growth opportunities and proven acquisition strategy.”
Working with Mr. Dailey on the transaction for Riverside were Vice President Steve Burns, Senior Associate Brad Roberts, Associate Bo Heitz, and Associate Bernardo Villar. Origination Principal Scott Gilbertson sourced the opportunity and Partner Anne Hayes worked on financing the transaction for the firm.
Golub Capital was Administrative Agent and Sole Bookrunner on the senior financing along with GE Capital as Syndication Agent and Siemens Financial as Documentation Agent. New Canaan Funding provided the mezzanine financing.
“We are excited to be entering the next phase of Paradigm’s growth and to be doing it alongside the Riverside team,” said Mr. Dunlap. “We believe Riverside’s resources can accelerate our growth plans as we continue to provide our clients with market-leading tax consulting services.”
The Riverside Company is a private equity firm focused on the smaller end of the middle market (“SEMM”). Riverside specializes in investing in SEMM companies (those valued up to $250 million) and partners with management teams to build companies through acquisitions and value-added growth. Since 1988, the firm has invested in more than 320 transactions with a total enterprise value of more than $6 billion. The firm’s current portfolio includes more than 70 companies. The Riverside Company is headquartered in New York with additional offices in Atlanta, Chicago, Cleveland, Dallas, Los Angeles, San Francisco, and London (www.riversidecompany.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 11-4-13