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Thursday, March 18, 2010

Riverside buys majority stake in Thinklogical

By Galen Moore

Riverside Partners has taken majority ownership of Thinklogical LLC, a Milford, Conn.-based designer and manufacturer of high-bandwidth switches and equipment for video networks. The Boston private equity firm announced the acquisition in a press release Wednesday. Terms of the deal were not disclosed.

Riverside Partners invests in founder-owned health-care and technology companies with revenues of $20 million to $200 million, and $5 million to $25 million of earnings before interest, taxes, depreciation and amortization (EBITDA).

The firm is currently investing out of its fourth fund. Riverside announced the fund’s close in January at $406 million.

In June of 2009, Riverside celebrated the opening of Tegra Medical in Franklin. Riverside acquired the three companies that formed Tegra Medical, including Holliston-based New England Precision Grinding, Cranston, R.I.-based Accu-Met Laser and Dartmouth-based American Medical Instruments.
 

 

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