Riverside Acquires Emergency Notification Division of Global Connect

Riverside Acquires Emergency Notification Division of Global Connect

Emergency Communications Network, a portfolio company of The Riverside Company, has acquired the Emergency Notification division of Global Connect.

Global Connect’s Emergency Notification division primarily serves government customers on the East Coast, and has hundreds of municipalities and other government customers. The division’s products are used in emergency situations to contact first responders and staff members, volunteers and residents. The division is based in Mays Landing, NJ (www.gc1.com).

Emergency Communications Network (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. The company is based in Ormond Beach, FL (www.ecnetwork.com).

Riverside plans to continue building the company organically and through add-ons. “We’re excited about the future,” said ECN President David DiGiacomo. “Less than two years after Riverside invested in our company, we’ve already completed four add-on acquisitions and our position in the market has never been stronger.”

“This is a great fit for ECN, and another chapter in the growth story of the company,” said Riverside Partner Chris Jones. “These new clients will soon enjoy a more feature-rich, intuitive and powerful tool through ECN’s CodeRED product.” Working with Mr. Jones on the transaction for Riverside were Martha Sciaraffo, Vice President; Brad Roberts, Senior Associate and Max Moehlmann, Associate. Principal, Origination Jeremy Holland sourced the transaction 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 310 transactions with a total enterprise value of more than $6 billion. The firm’s current portfolio includes more than 75 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).

© 2013 PEPD • Private Equity’s Leading News Magazine • 6-12-13

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