October 8, 2024 – Blue River Financial Group has advised The Riverside Company, global private investor focused on the smaller end of the middle market, on the recent investment in Prism Specialties. This investment is the latest add-on to Riverside’s portfolio company, EverSmith Brands (EverSmith), a strong and growing franchised brands platform.
The Riverside Company is a global investment firm focused on being one of the leading private equity and flexible capital options for business owners and portfolio company employees at the smaller end of the middle market by seeking to fuel transformative growth and create lasting value. Since its founding in 1988, Riverside has made more than 1,000 investments. The firm’s international private equity and flexible capital portfolios include more than 140 companies.
Prism Specialties, a leading franchisor of specialty restoration services of electronics, textiles, arts and documents, was founded in 1993 and is headquartered in Livonia, Michigan. Prism Specialties provides specialty restoration services to commercial and residential customers across the United States. With over 150 franchise units across 27 U.S. states, Prism Specialties can help restore items that have been damaged by a natural disaster or other unforeseen instances.
“As the latest addition to the EverSmith Brands portfolio, we anticipate an increase in new franchise sales, leveraging the portfolio’s existing franchise development infrastructure,” said Riverside Senior Partner Brian Sauer. “We also plan to expand Prism’s presence in the textile restoration space, as well as continue growing a nationwide network of insurance carriers and general contractor relationships which serve as a lead engine for franchisees.”
With this acquisition, Chris Ring, the current CEO of Prism Specialties, will be appointed as the Prism Specialties Brand President for EverSmith.
“Chris, along with the Prism Specialties management team, brings a wealth of industry knowledge and deep franchise experience, which EverSmith is excited to leverage across the platform,” said EverSmith Brands CEO Ken Hutcheson.
“It was a pleasure working with the leadership of Prism Specialties and EverSmith on this transaction. For EverSmith, this partnership represents a meaningful expansion into complementary service categories that will further enhance customer offerings. For Prism Specialties, an opportunity to benefit the industry-leading reach of EverSmith’s complementary franchised service brands and outstanding leadership. We’re excited for the successes in store for the Prism/EverSmith Brands team!” said Sara Clevenger, Partner with Blue River.
About Blue River
Blue River Financial Group is a middle market merger and acquisition advisory firm. We assist corporations, private equity groups and individuals in the sale and acquisition of businesses and have completed assignments in multiple business segments. With over 20 years of experience spanning across 50 global industries, Blue River provides a suite of services to middle market clients including corporate development, private equity support, valuations, and transaction consulting, placing a premium on relationship-centered transaction counsel and client focus.
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