The Riverside Company has acquired DMA Corporation, a provider of data analytics to financial institutions.
DMA Corporation is a provider of profitability analytics and strategic data to banks and credit unions based in the US and Canada. DMA provides a suite of products that integrate management, finance, marketing, and sales to allow financial services providers to access and understand data from across their organizations, gaining visibility into the profitability of each branch, product and customer. The company is based in Beaverton, OR (www.dmacorporation.com).
“DMA’s tools help banks and credit unions uncover unmet needs, identify improvement opportunities, and ultimately increase profits,” said Riverside Managing Partner Loren Schlachet. “With DMA’s comprehensive solution, customers gain a deep understanding of their income risk and are provided tools to increase profits.”
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 345 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).
“Because DMA provides such a wonderful product, we see many avenues for growth moving forward,” said Riverside Partner Alan Peyrat. “We see opportunities to expand and deepen sales and marketing efforts to help the market understand DMA’s value better.”
According to Riverside, DMA operates in a fragmented industry and the firm is interested in using add-on acquisitions to expand the company.
Working with Mr. Schlachet and Mr. Peyrat on the transaction for Riverside were Vice President Steve Rice and Associate Ryan Philyaw. Origination Principal Jeremy Holland sourced the transaction for Riverside. Vice President Dan Haynes worked on financing the transaction for the firm.
Deerpath Capital Management (www.deerpathcapital.com) provided financing for the transaction. Riverside was advised by Jones Day, Deloitte and West Monroe Partners.
© 2014 PEPD • Private Equity’s Leading News Magazine • 8-26-14
