Riverside Company purchases textile distributor Momentum Group

The Riverside Company, an American worldwide private equity firm focused on investing in growing small and medium-sized enterprises is purchasing Momentum Group based in Irvine, California, leading value added distributor that provides exclusive, design focused sustainable contract textiles for corporate, health care and hospitality sector from Norwest Equity Partners.

Momentum has performed exceptionally well for many years and has developed a truly unique and differentiated business model driven by continuous improvement and benefits from multiple sustainable competitive advantages, including a proven reputation for innovation, proprietary sustainable products and an awardwinning, inhouse design team with advanced technical expertise and broad product development capabilities enabled by technology.

Financial terms of the deal, which closed on April 1, are not disclosed. Norwest invested in Momentum in 2011 worked closely with Roger Arcinega, Momentum CEO and his management team to more than double EBITDA organically and significantly grow revenue.

Momentum has built a proven reputation for bringing the most innovative and sustainable products to the market. The Company’s award‐winning, in‐house design team brings advanced technical expertise and broad product development capabilities, both of which help create Momentum’s 100% proprietary products.

Over the course of NEP’s investment period, Momentum strategically focused on innovative product development and operational excellence, sales process enhancements and expanded marketing efforts.

Momentum is headquartered in Irvine, California and employs 150 people.