Kohlberg & Company, a private equity firm based in New York, recently announced its acquisition of Riveron Consulting, a financial consulting firm. The acquisition is part of Kohlberg’s strategy to expand its portfolio in the casino and space industries.
Riveron Consulting is a leading financial consulting firm that provides services such as accounting, financial reporting, and transaction advisory to clients in various industries. The firm has a strong presence in the casino industry, where it has worked with some of the largest gaming companies in the world.
Kohlberg’s acquisition of Riveron Consulting is expected to strengthen its position in the casino industry. The private equity firm has been investing in the gaming sector for several years and has a portfolio that includes companies such as Boyd Gaming and Golden Nugget. With the addition of Riveron Consulting, Kohlberg will be able to offer a wider range of financial services to its gaming clients.
In addition to the casino industry, Kohlberg is also looking to expand its portfolio in the space industry. The private equity firm has been investing in space-related companies for several years and has a portfolio that includes companies such as Spaceflight Industries and Virgin Galactic.
Kohlberg’s interest in the space industry is driven by the growing demand for satellite-based services such as communication, navigation, and remote sensing. The private equity firm believes that the space industry has significant growth potential and is looking to invest in companies that are developing innovative technologies in this field.
To support its expansion into the space industry, Kohlberg has formed a partnership with Space Angels, a venture capital firm that specializes in space-related investments. The partnership will allow Kohlberg to access Space Angels’ network of space entrepreneurs and investors and identify potential investment opportunities in the sector.
Overall, Kohlberg’s acquisition of Riveron Consulting and its focus on the casino and space industries demonstrate the private equity firm’s commitment to investing in high-growth sectors. With its strong financial expertise and strategic partnerships, Kohlberg is well-positioned to capitalize on the opportunities presented by these industries and generate strong returns for its investors.
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