Riveron Receives Growth Investment from New Capital Partner

Partnership supports Riveron’s growth plans and enhances ability to
serve clients

DALLAS–(BUSINESS WIRE)–Riveron, a national business advisory firm, announced that an affiliate
of H.I.G. Capital (“H.I.G.”), a global investment firm focused on
partnering with middle market companies, has entered into a definitive
agreement to make a growth investment in Riveron.

Riveron offers a comprehensive suite of consulting solutions to its
clients, including accounting advisory (such as technical accounting,
implementation of new accounting standards, business combinations and
accounting for income taxes), accounting and finance operations (such as
audit readiness, operational accounting and finance transformation),
capital markets and divestitures (such as IPO readiness, carve-outs and
back office stand-up), performance improvement (such as process
improvement, technology enablement and earnings enhancement),
transaction services (such as buy-side, sell-side, tax and operational
diligence, lender services and integration), and recovery and
transformation services (such as restructuring advisory).

Riveron was founded in Dallas in 2006 by CEO Landon Smith, who has
overseen its strategic expansion into seven additional markets: New York
City, Washington DC, Atlanta, Houston, Denver, Chicago and Minneapolis.
Today the firm, with expert consultants that bring a unique blend of
public accounting, consulting and industry experience, serves a diverse
group of nearly 500 clients annually across the corporate, private
equity and lender communities.

Smith said, “I am proud of the tremendous growth that Riveron has
achieved over the last thirteen years. Our success is due to our
talented people and steadfast commitment to being a hands-on and trusted
partner to our clients, providing the resources, expertise and guidance
necessary to help them navigate transformational change.” Smith
continued, “We are excited to enter our next phase of growth and welcome
H.I.G. as our new growth partner. H.I.G. brings significant resources
and connections that will help us grow and deliver an even stronger
offering while retaining our commitment to clients above all else.”

H.I.G.’s investment will support Riveron’s plans to strengthen its
existing capabilities and to continue growth in new geographies, such as
the recently opened New York office, and new service lines, including
the recently launched restructuring and tax advisory practices.

Keval Patel, Managing Director at H.I.G., said, “Riveron has become a
market-leading advisory firm that is known for its deep accounting and
finance expertise and strong track record of helping clients maximize
the value of strategic change. We have been extremely impressed with
Riveron’s management team and the quality of their people, a testament
to the strong and unique culture that underpins how Riveron approaches
clients. We look forward to partnering with Landon and the entire
management team to support Riveron’s continued growth.”

Terms of the transaction, which is expected to close by the end of May,
were not disclosed.

About Riveron

Riveron is a leading business advisory firm specializing in accounting
advisory, accounting and finance operations, capital markets and
divestitures, performance improvement, transaction services, and
recovery and transformation services. Drawing on consulting, public
accounting and industry backgrounds, Riveron partners with companies,
private equity firms and lenders to prepare for change and deliver an
unprecedented level of understanding and results. Founded in 2006,
Riveron is headquartered in Dallas, Texas and operates in eight major
markets across the country including Atlanta, Chicago, Denver, Houston,
Minneapolis, New York and Washington D.C. For more information, please
refer to the Riveron website at www.riveron.com.

About H.I.G. Capital

H.I.G. is a leading global private equity and alternative assets
investment firm with over $30 billion of equity capital under
management. Based in Miami, and with offices in New York, Boston,
Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as
well as international affiliate offices in London, Hamburg, Madrid,
Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, H.I.G. specializes
in providing both debt and equity capital to small and mid-sized
companies, utilizing a flexible and operationally focused / value-added
approach:

1. H.I.G.’s equity funds invest in management buyouts, recapitalizations
and corporate carve-outs of both profitable as well as underperforming
manufacturing and service businesses.

2. H.I.G.’s debt funds invest in senior, unitranche and junior debt
financing to companies across the size spectrum, both on a primary
(direct origination) basis, as well as in the secondary markets. H.I.G.
is also a leading CLO manager, through its WhiteHorse family of
vehicles, and manages a publicly traded BDC, WhiteHorse Finance.

3. H.I.G.’s real estate funds invest in value-added properties which can
benefit from improved asset management practices.

Since its founding in 1993, H.I.G. has invested in and managed more than
300 companies worldwide. The firm’s current portfolio includes more than
100 companies with combined sales in excess of $30 billion. For more
information, please refer to the H.I.G. website at www.higcapital.com.

Contacts

Riveron
Alex Benanti
214-891-5545
alex.benanti@riveron.com

H.I.G. Capital
Keval Patel
305-379-2322
kpatel@higcapital.com

Jonathan Contos
415-439-5500
jcontos@higcapital.com

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