“Security is an issue all companies face, and Pro-Vigil offers tremendous value for an array of end markets,” said Riverside Managing Partner Loren Schlachet.
Cleveland, Ohio (PRWEB) February 18, 2015
The Riverside Company has invested in Pro-Vigil, Inc., a provider of remote video surveillance and monitoring services for large outdoor properties. The company is based in San Antonio, Texas and serves a variety of customers, including automotive dealerships, constructions sites, utilities, and oil and gas companies, among others.
Pro-Vigil’s service is a cost-effective alternative to on-site security. The company combines state-of-the-art equipment with real-time human monitoring. When a monitor sees suspicious activity, they can alert authorities quickly, protecting customers who often have large properties with valuable assets that require monitoring.
“Security is an issue all companies face, and Pro-Vigil offers tremendous value for an array of end markets,” said Riverside Managing Partner Loren Schlachet. “Their product is trusted and backed by financial guarantees that demonstrate Pro-Vigil’s commitment to customers.”
Riverside anticipates growing Pro-Vigil organically and through add-on acquisitions.
“Pro-Vigil is an exceptional platform for growth,” said Riverside Vice President Brad Resnick. “It has plenty of room to grow in its core markets, and we see ample opportunity to expand into new markets and geographies.”
Working with Schlachet and Resnick on the transaction for Riverside were Senior Associate Kevin Kumar, Operating Partner Mike Eblin, and Finance Director Lynda Barr. Origination Principal Jim Butterfield sourced the transaction for Riverside.
Deerpath Capital provided financing for the transaction. Jones Day and Deloitte advised Riverside on the transaction.
About The Riverside Company
The Riverside Company is a global private equity firm focused on acquiring and investing in growing businesses valued at up to $250 million (€200 million in Europe). Since its founding in 1988, Riverside has invested in more than 370 transactions. The firm’s international portfolio includes more than 75 companies.