Riverside Adds-On to Alchemy
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Riverside Adds-On to Alchemy

chilton nf1The Riverside Company has completed the add-on acquisition of Chilton Consulting Group to its Alchemy Systems safety training platform. Alchemy Systems was acquired by Riverside in January 2013.

Chilton Consulting Group is a food safety and quality consulting services firm that helps customers develop, verify and implement systems to comply with industry standards to improve safety, quality, yield and productivity. The company is based south of Chattanooga, TN in Rocky Face, GA (www.chiltonconsulting.com).

Loren Schlachet nf1“The addition of Chilton significantly enhances Alchemy’s service offerings,” said Riverside Managing Partner Loren Schlachet. “Chilton bolsters Alchemy’s offerings with significant subject matter expertise and expanded professional services offerings to complement Alchemy’s software and training solutions.”

Alchemy provides food and workplace safety training for production workers. Companies use Alchemy to increase productivity, reduce food safety incidents, and lower compliance risk. The company is located in Austin, TX (www.alchemysystems.com).

brian sauer nf2“Alchemy offers services that go beyond compliance to actively enhancing ROI for customers and Chilton enhances these capabilities,” said Riverside Partner Brian Sauer. “We’re excited about offering tools to improve productivity and profitability through Chilton’s proven expertise in assessment, analytics and benchmarking.”

Chilton is the second add-on acquisition completed by Alchemy Systems since being acquired by Riverside. In October 2013 the company acquired Catalyst Awareness (www.catalystawareness.com) located west of Toronto in Guelph, ON. Catalyst produces employee-awareness communications programs for retailers.

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 380 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).

Working with Messrs. Schlachet and Sauer on the transaction for Riverside were Vice President Stephen Rice, Associate Tony Trevino, Operating Partner Rex Niles and Finance Director Jeff Elmer.

Wells Fargo provided the financing and Jones Day and Deloitte advised Riverside on the investment.

© 2015 PEPD • Private Equity’s Leading News Magazine • 3-11-15

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