Paradigm Tax Group, a portfolio company of The Riverside Company, has acquired Diversified Property Solutions. This is the fourth add-on acquisition for Paradigm since being acquired by Riverside in November 2013.
Diversified Property Solutions (DPS) provides advisory services for real property, compliance, personal property, tax incentives, and asset tagging to a variety of customers, mostly in Michigan. The company is based in the Detroit suburb of Southfield, MI (www.dpsadvisors.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).
The acquisition of DPS boosts Paradigm’s existing presence in the Michigan market while delivering new capabilities and expanding its customer base.
“DPS is very well run and has an impressive set of blue chip customers,” said Riverside Partner Matt Dailey. “We continue to find excellent add-ons that allow Paradigm to deepen its national coverage, expand its service offering and customer base, and augment senior leadership.”
Working with Mr. Dailey on the transaction for Riverside were Vice Presidents Steve Burns and 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 • 4-8-14