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Riverside acquires Oberon Company as add-on to SureWerx​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​

The Riverside Company, a global private investor focused on the smaller end of the middle market, has acquired Oberon Company, a designer and manufacturer of Arc Flash personal protective equipment used to protect workers from electrical and gas hazards, as an add-on to its portfolio company, SureWerx, a global provider of safety products, tools and equipment. 

The Riverside Company, a global private investor focused on the smaller end of the middle market, has acquired Oberon Company, a designer and manufacturer of Arc Flash personal protective equipment (PPE) used to protect workers from electrical and gas hazards, as an add-on to its portfolio company, SureWerx, a global provider of safety products, tools and equipment. 

The investment represents the eighth add-on since Riverside’s acquisition of SureWerx in November 2018.

Oberon is one of the largest independent manufacturers of Arc Flash PPE products. The company introduced the industry’s first Arc Flash face shield and suit set in 1985 as a way to protect electric utility meter installers against arc flash burns. Since then, Oberon has become a premier brand in the industry, providing comprehensive safety products for professionals serving electric and gas utilities, oil and gas companies, industrial manufacturers, government and military markets.

The investment in Oberon is the latest example of Riverside’s commitment to investing in businesses in the Specialty Manufacturing and Distribution Sector, and specifically its interest in businesses focused on workplace and employee health and safety. Since its inception in 1988, Riverside has invested in more than 270 specialty manufacturing and value-added distribution companies globally, across a wide variety of end markets.

Working with Roberts and Grinnan on the deal for Riverside were Senior Associate Max Simon, Associate Danny Zalk and Operating Partner Eric Nowlin. Senior Partner Anne Hayes secured the debt financing for the investment, and Principal, Origination, Cheryl Strom sourced the deal for Riverside.
 

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