River Capital Sells Can-Do National Tape
River Capital, an Atlanta-based private investment firm, has sold Can-Do National Tape, Inc. (“CDNT”) to a private equity group. Headquartered in Nashville, Tennessee, CDNT is a leading distributor and provider of value-added conversion and custom engineered products such as pressure-sensitive adhesive tapes, foams, films, foils and related materials. CDNT serves a diverse customer base including several Fortune 500 companies across key markets such as automotive, appliance, defense, packaging, plastics, printing, textiles and other commercial and industrial sectors.
Jerry Wethington, Managing Principal at River Capital, noted, "We are extremely pleased with our investment in CDNT since acquiring the company in 2008. During our ownership, we successfully expanded into new market segments while broadening the products and services offered. CDNT has a bright future as it continues to grow under new ownership.”
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.