Cleveland, OH (Vocus/PRWEB) February 11, 2011
The Riverside Company continues to advance its specialization in the franchising industry by formalizing Steve Siegel’s role as Senior Advisor focusing on franchising deals.
Siegel has brought a wealth of knowledge to Riverside, advising the firm on most of its franchising transactions.
“We’re delighted to formalize Steve’s role. He’s worked with us on a lot of winning investments in franchising,” said Riverside Co-CEO Stewart Kohl. “The industry can include just about anything – our current franchise holdings include everything from smoothie bars in Australia to preschools in Korea – and we expect to see more and better opportunities in this growing and diverse sector.”
Siegel was the first franchisee chairman of the International Franchise Association, a post he took on in 2002 while in the midst of a hugely successful run as a Dunkin’ Donuts franchisee. He took his Dunkin’ Donuts franchise from a start-up operation to more than 30 stores, developing a more efficient production and distribution model that allowed the stores to be more retail focused. He has additional experience with Filene’s Basement and has worked as general counsel for franchisors.
“Steve’s knowledge and focus gives us a deeper understanding of the sector,” said Riverside Co-CEO Béla Szigethy. “We can find and evaluate potential deals more quickly, and our understanding of a sector allows us to immediately start to make companies bigger and better, which ultimately leads to better results for the company and our investors.”
Siegel will work closely with Regional Director, Origination Jeremy Holland to focus on generating deal flow within the franchising space. Holland joined Riverside in 2010, coming to the firm after serving as Principal at Vintage Fund Management, Principal with Webush Capital Partners, and Associate at Buttonwood Capital Group. He is a member of Riverside’s international Origination team.
After completing 250 acquisitions, Riverside is a proven generalist investor in the smaller end of the middle market. The firm, however, has developed several industry specializations thanks to completing dozens of transactions in select sectors, and identifying others as sources of future growth. Riverside’s specializations include franchising, healthcare and education & training, among others.