“I had owned my company for 29 years before I decided to sell. Like most business owners, I had heard horror stories about equity investors who didn't keep their promises or were of no value after the purchase. It's been two years since I chose Riverside, and their ethics and contribution to growing this company are far more than I would have hoped for. I would do it again in a minute.”
Bruce Harris
President & CEO
Conferon, Inc.
Riverside's Philosophy
What can you expect when you work with Riverside? Well, consider that “principled partners” isn't just a slogan. It's our core business philosophy. The people of Riverside place a premium on ethics and values.
To that end, you can expect the following from us:
- A fair deal
- Independence and autonomy
- Management incentives
- A positive partnership
- Respect for company culture
- Added value
A fair deal
We are honest, fair and straightforward in our dealings, and we live up to our promises. Throughout the process, we actually do what we've said we would do.
Independence and autonomy
We ensure our CEOs' independence and autonomy. While senior Riverside personnel and experienced executives serve as directors on the board, the platform company's management team maintains operational control. As long as business performance is in line and meeting strategic goals, we are not going to make radical changes in personnel or operations.
Management incentives
We believe that management should have strong financial incentives — including an equity stake — to increase the company's value. Moreover, ownership can typically be purchased and/or earned over time by achieving performance goals.
A positive partnership
We are committed to a positive co-ownership with the company's management team. Riverside's relationships emphasize ongoing cooperation, teamwork, and communications.
Respect for company culture
We appreciate the importance of a company's existing culture. So while we seek ways to grow the business and increase its value, we are always sensitive to the company's culture and employee morale.
Added value
We actively participate in helping management teams set and achieve their goals during our period of ownership. We identify and purchase add-on acquisitions whenever possible, place seasoned executives — including retired CEOs — on company boards, and emphasize planning, written goals, and positive change.