River Capital Makes Investment in Hometown Communications, Inc.
River Capital, an Atlanta-based private investment firm, has partnered with other investors to acquire Hometown Communications, Inc. (“Hometown Communications”). Hometown Communications, headquartered in Fort Payne, Alabama, was formed to acquire and manage small to medium-sized newspapers, generally with a circulation of between 5,000 and 20,000 households.
River Capital is one of the oldest firms of its type in the Southeast and has acquired companies in a broad range of industries with combined annual revenues in excess of $600 million. River Capital primarily invests in light manufacturing, distribution and select service companies with purchase prices of $10 million to $50 million. For add-on acquisition candidates, the firm will consider companies with a purchase price less than $10 million.