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We structure investments based on the unique needs of companies and shareholders. Our flexible approach and ability to provide creative capital solutions enable us to be a preferred partner to entrepreneurs, management teams, and business owners.

Recapitalizations

Riata sponsors recapitalization transactions that enable founders, early investors, or other shareholders to gain partial liquidity and retain meaningful ongoing ownership of their business. This type of investment structure allows shareholders to monetize a portion of their ownership while still participating in the equity value upside going forward.

Buyouts & Divisional Carve-Outs

Riata acquires stand-alone companies or divisions of larger companies in transactions that frequently involve partnering with management teams to purchase the company from current owners. Management is often able to gain a larger ownership stake in the company, take advantage of strategic value creation initiatives that may have been previously limited, and benefit from the collaboration with an energized financial partner. These transactions can range in size from large platform investments to smaller bolt-on acquisitions to existing platforms.

Growth Capital Investments

Riata provides capital to help growing businesses meet a variety of objectives, including launching a product line, expanding distribution, increasing production capacity, right-sizing the balance sheet, or completing strategic acquisitions. We invest in companies that are established, are profitable, and are looking for capital to accelerate growth and take their businesses to the next level.

CEO-Led Buy & Builds

Riata and our CEO partners look to capitalize on under-managed and under-resourced companies operating in highly fragmented sectors whose strategic value can be greatly enhanced by experienced leadership, scale, product and market diversification, and earnings momentum driven by synergistic add-on acquisitions.

Vision Source
Transaction Type:

Divisional Carveout

Vision Source

Vision Source is a market-leading member alliance that provides practice development, marketing, managed care contracting, and supply chain solutions for independent optometrists and dentists. A divisional carve-out, Vision Source presented an attractive investment opportunity due to its compelling financial model, marketing-leading position, and significant headroom to grow organically in a relatively under-penetrated category. Since its acquisition in 2011, management has increased Vision Source-branded optometry offices from 90 to 1,200 and has grown member offices from 2,000 to 3,200 – second only to Wal-Mart in terms of optometry locations in the United States.

Teavana
Transaction Type:

Growth Capital

Teavana

Teavana is the category-leading, multi-channel retailer offering a broad selection of proprietary, branded specialty loose-leaf teas and related merchandise. This growth capital investment was made to support the company's organizational development and national roll-out expansion. Teavana experienced impressive growth from 17 stores and $9 million in revenue to 330 stores and over $200 million in revenue. Teavana was taken public in mid-2011 (NYSE: TEA) and subsequently acquired by Starbucks at the end of 2012.

Shelter
Transaction Type:

CEO-Led Buy & Build

Shelter Distribution

Shelter Distribution is one of the largest wholesale distributors of roofing products and related accessories in the Midwest and Southwest United States. Shelter offers a comprehensive line of residential and commercial roofing products and accessories as well as siding, windows, doors, and other building product materials. Shelter focuses primarily on the re-roofing and retrofit market which positions the Company to benefit from the continued growth and strong underlying fundamentals of the retrofit market. A majority of the Company’s sales are to the residential market, with the balance represented by commercial sales. At the time of its sale in 2005, the company operated 50 branches in 14 states.

Accelerated
Transaction Type:

Recapitalization

Accelerated Companies

Accelerated Companies is an integrated provider of products and services for the oil and gas industry, providing comprehensive hydraulic lift solutions, process equipment and systems, and professional design, engineering, and support services to E&P and oilfield service providers worldwide. In 2008, this investment capitalized on the growth of hydraulic fracturing by simultaneously recapitalizing and merging two complementary companies. Accelerated Companies performed nine strategic acquisitions, growing revenue from $28 million in 2008 to $210 million in 2014. Accelerated Companies sold a majority stake to a private equity firm in 2012 before exiting to a strategic buyer in 2014. 

Accelerated
Transaction Type:

Recapitalization

Accelerated Companies

Accelerated Companies is an integrated provider of products and services for the oil and gas industry, providing comprehensive hydraulic lift solutions, process equipment and systems, and professional design, engineering, and support services to E&P and oilfield service providers worldwide. In 2008, this investment capitalized on the growth of hydraulic fracturing by simultaneously recapitalizing and merging two complementary companies. Accelerated Companies performed nine strategic acquisitions, growing revenue from $28 million in 2008 to $210 million in 2014. Accelerated Companies sold a majority stake to a private equity firm in 2012 before exiting to a strategic buyer in 2014.

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