McKenna Long & Aldridge Advises River Capital In Its Purchase of Can-Do National Tape
McKenna Long & Aldridge LLP announced today that it advised River Capital on its acquisition, through a newly-formed subsidiary, of C D N T (Can-Do National Tape) Company, a Nashville-based business and leading distributor of a variety of adhesive tape products and related tape-converting services. The purchase price was not disclosed.
“It’s really exciting to close the first deal in Fund V, which also marks a very successful chapter in our long-term relationship with McKenna Long & Aldridge,” said Jerry Wethington, Managing Principal of River Capital Partners. “We couldn’t be happier,” he added.
”We appreciate our long relationship with River Capital and the trust and confidence River Capital places in our firm," said Wayne Bradley, co-chair of the firm’s Corporate Department and a partner based out of the Atlanta and New York offices. “River Capital's success is evident in that they are now on their fifth fund, a level few private equity investors ever achieve” Bradley, led the team of lawyers that represented River Capital in this most recent transaction.
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.