Paradigm Tax Group, a portfolio company of the Riverside Company, has acquired Pence & Associates. This is the third add-on acquisition Riverside has completed for Paradigm since acquiring the company in November 2013. The addition of Pence & Associates strengthens Paradigm’s presence in the Midwest.
Pence & Associates reviews and appeals commercial real estate and personal property assessments in order to reduce real estate and personal property tax liability. Pence & Associates is based near Kansas City in Riverside, MO (www.penceproptax.com).
Paradigm is a national provider of property tax consulting services for commercial property owners. The company has more than 5,000 clients including real estate investment trusts and multinational corporations. Paradigm has more than 30 offices across the US and is headquartered in Phoenix (www.paradigmtax.com).
Meg Donigan, Paradigm’s EVP of Corporate Development, led the transaction for Paradigm. Working on the transaction for Riverside were Partner Matt Dailey, Vice President Steve Burns, Vice President Brad Roberts, and Associate Bernardo Villar.
The Riverside Company is focused on the smaller end of the middle market and invests in businesses valued at up to $250 million (€200 million in Europe). Since 1988, the firm has invested in more than 330 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).
© 2014 PEPD • Private Equity’s Leading News Magazine • 2-18-14