Alignment Credit extends vital credit support to Riverview Landscape Holdings LLC.
- Riverview companies achieve financial momentum with a senior secured loan.
- The strategic finance move aids Riverview’s rapid business expansion.
- Riverview’s acquisition efforts in Northeast U.S. get robust financial backing.
- The collaborative finance approach highlights innovative credit solutions.
Alignment Credit has successfully provided a senior secured credit facility to Riverview Landscape Holdings LLC, trading as Riverview Companies. This crucial financial move is set to refinance Riverview’s existing debt and support acquisition financing, fostering the company’s business expansion. The credit facility places Alignment Credit as the sole lead arranger and administrative agent, showcasing their pivotal role in Riverview’s financial strategy.
Riverview Companies, operating from New York, focuses on commercial landscaping and ice and snow management in the Northeast region of the U.S. Since its inception in 2022, Riverview has rapidly acquired 11 businesses, asserting itself as a dominant provider and acquirer within its market domain. The financial backing from Alignment Credit marks a significant step in bolstering Riverview’s acquisition strategy.
The company’s growth trajectory is underpinned by its affiliation with Talus Group Holdings, a private investment firm established by John Fitzgibbons’ family office. Michael Waterman, the CEO and Founder of Riverview Companies, expressed enthusiasm for the partnership, stating that Alignment’s unique credit solutions are crucial for Riverview’s expansive aspirations.
Tom Killian Jr., Head of Corporate Development at Talus Group Holdings, expressed satisfaction with the financial arrangement, emphasizing Alignment Credit’s role in further building Riverview’s footprint in the industry. The strategic debt capital is expected to significantly aid Riverview in reaching a critical mass within its sector, supporting its long-term objectives.
Vadim Margulis, Managing Partner of Alignment Credit, commended Riverview’s disciplined approach to acquisitions and its ability to effectively integrate new businesses. The partnership is strategically aligned with Alignment Credit’s long-term investment approach and aims to solidify Riverview’s presence in the landscaping and snow management sectors.
This strategic collaboration stands to significantly empower Riverview Companies to achieve its growth ambitions.
