Wednesday, 3 June 2015
Last updated 2 hours ago
Jun 2 2006 | 8:23pm ET
Private equity firm The Riverside Company has hired Jeff Tobin and Matt Schafer as operating partners. The two will join the firm's micro-cap strategy team and will report to Ron Sansom, senior operating partner.
In their new roles, Tobin and Schafer will provide strategic and operational support to micro-cap companies during Riverside's period of ownership.
The micro-cap team focuses on investing in companies with less than $3 million of EBITDA (earnings before interest, taxes, depreciation and amortization) and between $5-30 million in revenue.
Prior to joining Riverside, Schafer served as president and chief operating officer of Coachmen Industries, a consolidated $800 million manufacturer of recreational vehicles, modular housing and building systems.
Tobin joins Riverside from Global Travel, where he was chief operating officer and a member of the board of advisors.
The Riverside Company focuses on the smaller end of the middle market, specializing in companies with enterprise values of less than $100 million. Since 1988, the firm has invested in 129 transactions with a total value of $2.1 billion, sales of $2.4 billion, EBITDA of $263 million and more than 11,000 employees.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…