DEAN Alert provides time-sensitive warnings, information about natural disasters, and other vital information to citizens, employees and other constituents through voice, text and email notification services. The company’s customers include healthcare, education, and corporate clients nationwide. DEAN Alert is based in Louisville, KY (www.deanalert.com).
ECN provides critical, time-sensitive communications to individuals on behalf of over 1,000 government and education clients across all 50 states. The company’s software-as-a-service products – CodeRED, CodeRED Weather Warning and CodeED – allow state and county governments, municipalities, first responders, public utilities, and school districts to deliver millions of messages annually to communicate warnings, information about natural disasters or other information to save lives, find missing children and keep citizens out of harm’s way. ECN is based in Ormond Beach, FL (www.ecnetwork.com).
The acquisition of DEAN Alert deepens ECN’s corporate and institutional client base which is currently served by ECN’s SmartNotice product. “This is an important chapter in ECN’s growth story,” said Riverside Partner Chris Jones. “ECN’s superior products and client service have helped it thrive in the government sector, and we’re excited about helping them continue to grow with corporate and institutional clients.”
Working with Mr. Jones on the transaction for Riverside were Vice President Brad Roberts and Senior Associate Max Moehlmann. Origination Principal Jeremy Holland sourced the deal for Riverside.
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 340 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 • 7-16-14