Latest Acquisition Does Not Tax Riverside November 04, 2013
Paradigm Tax Group Accounts For Firm’s Newest Portco
The Riverside Company has acquired Paradigm Tax Group (Paradigm) in partnership with management. Paradigm is a leading provider of property tax consulting services for commercial property owners with 31 offices across the U.S.
Paradigm specializes in analyzing its clients’ real and personal property portfolios to identify potential tax-saving opportunities. With its deep local market expertise, the firm serves more than 2,500 clients across a diversified set of industries and geographies. Paradigm counts leading real estate investment trusts (REITs) and multi-national corporations among its customers.
“Paradigm’s national footprint, dedicated focus on property tax, and talented employee base truly differentiates it from its competitors and has led to meaningful growth over time,” said Riverside Partner Matt Dailey. “We are excited to be partnering with Paradigm CEO Bob Dunlap and his team, and we intend to aggressively support Paradigm’s robust organic growth opportunities and proven acquisition strategy.”
“We are excited to be entering the next phase of Paradigm’s growth and to be doing it alongside the Riverside team,” said Dunlap. “We believe Riverside’s resources can accelerate our growth plans as we continue to provide our clients with market-leading tax consulting services.”
Working with Dailey on the transaction for Riverside were Vice President Steve Burns, Senior Associate Brad Roberts, Associate Bo Heitz, and Associate Bernardo Villar. Origination Principal Scott Gilbertson sourced the opportunity and Partner Anne Hayes worked on financing the transaction for the firm.
Golub Capital was Administrative Agent and Sole Bookrunner on the senior financing along with GE Capital as Syndication Agent and Siemens Financial as Documentation Agent. New Canaan Funding provided the mezzanine financing. Jones Day advised Riverside on the investment.
The Riverside Company
The Riverside Company is a global private equity firm focused on acquiring growing businesses valued at up to $250 million (€200 million in Europe). Since its founding in 1988, Riverside has invested in more than 320 transactions. The firm’s international portfolio includes more than 70 companies.