Riverside acquires Radiant Plumbing and Air Conditioning of Texas
The Riverside Co. has acquired Radiant sanitary facilities and air conditioning, an Austin, Texas-based provider of maintenance plumbing, sewage and HVAC services, as its newest portfolio company.
Financial terms of the deal have not been disclosed.
Founded in 1999 by Brad and Sarah Casebier, Radiant reports an annual customer base of nearly 12,000 in the Austin area.
Riverside also emphasizes the company’s good press and recognitions for things like corporate culture. Recognized as a top workplace in the Austin market, Radiant has garnered attention in recent years for its airy, pop culture toilet themed shop windows.
“We are delighted to partner with Brad and Sarah to strengthen the growth efforts of an already thriving organization,” Meranee Phing, Riverside’s senior partner, said in a statement. “We plan to help with organic growth in Austin and with inorganic growth in plumbing and HVAC services in Texas and beyond. This may include the addition of additional services such as electricity.”
Riverside noted that Radiant is one of several investments it has made in the home care field.
Riverside is a global private equity firm headquartered in Cleveland that invests in growing companies valued at up to $ 400 million in the small portion of the mid-market.