Kohlberg & Company, a private equity firm based in New York, recently announced its acquisition of Riveron Consulting, a financial consulting firm based in Dallas. The acquisition is part of Kohlberg’s strategy to expand its portfolio in the casino and space industries.
According to a report by PE Hub, Kohlberg plans to leverage Riveron’s expertise in financial consulting to help its portfolio companies in the casino and space industries improve their financial performance. Riveron has a strong track record of helping companies optimize their financial operations, and Kohlberg believes that this expertise will be invaluable in the highly competitive casino and space industries.
The casino industry has been growing rapidly in recent years, with many states legalizing gambling and new casinos opening up across the country. However, the industry is also highly competitive, with many players vying for a share of the market. Kohlberg believes that by partnering with Riveron, it can help its portfolio companies gain a competitive edge by improving their financial operations and making better strategic decisions.
Similarly, the space industry is also experiencing rapid growth, with private companies like SpaceX and Blue Origin leading the charge. However, the industry is also highly complex and requires significant investment to succeed. Kohlberg believes that by partnering with Riveron, it can help its portfolio companies navigate the complex financial landscape of the space industry and make better investment decisions.
The acquisition of Riveron is just one of several recent moves by Kohlberg to expand its portfolio in the casino and space industries. In 2019, the firm acquired Bally’s Corporation, a leading provider of gaming technology and services. Kohlberg also recently invested in Momentus, a space transportation company that provides in-space transportation services for satellites.
Overall, Kohlberg’s acquisition of Riveron and its investments in the casino and space industries demonstrate the firm’s commitment to expanding its portfolio in high-growth industries. By leveraging Riveron’s financial consulting expertise, Kohlberg hopes to help its portfolio companies gain a competitive edge and succeed in these rapidly evolving industries.
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- Source: Plato Data Intelligence.