18 Mar Riveria Group backed SolmeteX Acquires Healthcare Compliance Service
New York, NY – March 18, 2016 – Riveria Investment Group, a New York based private equity firm, announced that its portfolio company, SolmeteX (the “Company”), has acquired Healthcare Compliance Service (“HCS”). The acquisition marks the first add-on to the SolmeteX platform. HCS provides the Company with complementary offerings in the healthcare waste management industry, and allows SolmeteX to broaden its offering with compliance consultation, training services, and product distribution. Riveria partnered with Gemini Investors on its investment in Solmetex and the recent acquisition.
SolmeteX was founded in 1994 and acquired by Layne Christensen Company in 2007. SolmeteX uses its in-depth knowledge of water treatment to develop some of the highest performing products at the lowest capital cost and operating costs in the industry. SolmeteX technologies are operating around the world in municipal, industrial, medical and home environments safely removing hazardous materials from water, wastewater, soil and air. SolmeteX, uses its expertise in chemistry and materials science separations to develop unique, high performance, separation technologies. SolmeteX company website is: www.solmetex.com
About Healthcare Compliance Service:
Healthcare Compliance Service, founded in 1988, is a leader in Healthcare Waste Management and OSHA Compliance Training and waste management, with over 28 years of experience with EPA and OSHA regulations. HCS offers consultation services and waste management solutions for state dental associations, healthcare providers, hospitals, government agencies, and educational institutions.
Healthcare Compliance Service website: www.hcstoday.com
About Riveria Investment Group:
Riveria Investment Group, headquartered in New York, NY, is a growth focused private equity firm that acquires and invests in middle-market companies based in the United States. Riveria primarily focuses on growing companies with a history of positive operating cash-flows and seeks transactions that present unique investment opportunities in industries experiencing significant growth. Riveria’s private equity efforts emphasize growth and value-added strategies to generate strong returns. Riveria actively engages in the operations of portfolio companies by collaborating with management and implementing executive operating partners to grow its investments.