The Riverside Company has invested in Pro-Vigil, a provider of remote video surveillance and monitoring services for large outdoor properties.
Pro-Vigil offers its services through a combination of state-of-the-art equipment with real-time human monitoring. When a monitor sees suspicious activity at a customer facility, they can alert authorities quickly. Pro-Vigil’s customers include automotive dealerships, constructions sites, utilities, and oil and gas companies. The company is based in San Antonio (www.pro-vigil.com).
“Security is an issue all companies face, and Pro-Vigil offers tremendous value for an array of end markets,” said Riverside Managing Partner Loren Schlachet. “Their product is trusted and backed by financial guarantees that demonstrate Pro-Vigil’s commitment to customers.”
Riverside anticipates growing Pro-Vigil organically and through add-on acquisitions. “Pro-Vigil is an exceptional platform for growth,” said Riverside Vice President Brad Resnick. “It has plenty of room to grow in its core markets, and we see ample opportunity to expand into new markets and geographies.”
Working with Messrs. Schlachet and Resnick on the transaction for Riverside were Senior Associate Kevin Kumar, Operating Partner Mike Eblin, and Finance Director Lynda Barr. Origination Principal Jim Butterfield sourced the transaction for Riverside.
The Riverside Company is a global private equity firm focused on investing in and acquiring growing businesses valued at up to $250 million (€200 million in Europe). Since its founding in 1988, Riverside has invested in more than 370 transactions. The firm’s international portfolio includes more than 75 companies. Riverside is headquartered in New York with additional offices in Atlanta, Chicago, Cleveland, Dallas, Los Angeles, San Francisco, and London (www.riversidecompany.com).
Deerpath Capital (www.deerpathcapital.com) provided financing for the transaction. Jones Day and Deloitte advised Riverside on the transaction.
© 2015 PEPD • Private Equity’s Leading News Magazine • 2-20-15
