Navigation Links
Riverside Partners Teams with Management to Acquire GEMCITY Engineering & Manufacturing
Date:10/5/2007

BOSTON, Oct. 5 /PRNewswire/ -- Riverside Partners, based in Boston, MA, is pleased to announce that it has partnered with management to acquire GEMCITY Engineering & Manufacturing ("GEM" or the "Company").

GEM is a contract and specialized equipment manufacturer of highly engineered products serving the defense, healthcare, semiconductor, and industrial machinery markets. The Company leverages its electro-mechanical engineering expertise as well as lean, flexible and automated manufacturing processes to dramatically improve the manufacturability of complex products. GEM's capabilities are utilized by many of the world's most demanding equipment OEMs, including Intel, Siemens, IBM, Hitachi and iRobot Corp. The Company is the manufacturer of iRobot's Packbot Explosive Ordinance Disposal robots. GEM is headquartered in Dayton, Ohio with manufacturing facilities in Dayton and Thailand.

"GEM's longstanding and strategic relationships with customers like iRobot and Siemens, its talented management team and its history of engineering equipment for the most mission critical applications make it a perfect match for Riverside Partners. Jim Whalen and his team have positioned the company for significant future growth. In today's environment, many customers are seeking out a contract manufacturer with the engineering skills of GEM to improve product design and manufacturability leading to higher quality and reduced costs," said Steven F. Kaplan, a General Partner at Riverside.

"The management team at GEM is extremely excited about our partnership with Riverside Partners. We believe that Riverside's extensive experience in the technology manufacturing industry will be a catalyst for accelerating the growth of the company," said Jim Whalen, CEO of GEM.

About GEMCITY Engineering and Manufacturing

Founded in the 1930s, GEMCITY Engineering and Manufacturing is a highly specialized equipment manufacturer with facilities in Dayton, Ohio and Bangkok, Thailand. The Company focuses on lean manufacturing of electro- mechanical assemblies, subassemblies, and systems. Strong values and a sense of integrity have always been pivotal to doing business with GEM.

About Riverside Partners

Founded in 1989, Riverside Partners is a middle market private equity firm currently investing Riverside Fund III, L.P. The fund focuses on growth oriented companies primarily in the healthcare and technology industries. Riverside is particularly experienced at partnering with founders, owners and management teams and it brings substantial domain expertise and operating experience to its portfolio companies. The partners at Riverside have managed more than $500 million in investments in over 50 companies. We are currently focused on companies with revenues between $20 -- 200 million and with $5 -- 25 million of EBITDA.


'/>"/>
SOURCE Riverside Partners
Copyright©2007 PR Newswire.
All rights reserved

Related medicine news :

1. Spouses and other partners lower blood pressure says new research
2. Changing Partners may put Expectant Mothers at Risk
3. British Healthcare Mission Explores Partnership Possibilities With Indian Healthcare Sector
4. Partnership Between Diabetes India And Elsevier Announced
5. Betterment Of Health In Case Of Gay And Lesbian Civil Partnerships
6. Private Public Partnership To Tackle TB, In Karnataka
7. Courting HIV through Marriage or Partnership
8. Jealousy In Men Peaks When Partners Are Most Fertile
9. War Trauma Not Passed On To Partners And Children, Study
10. SRM Inst Signs Mou With Partners Health Care
11. A Healthy Partnership in the Pilbara
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... ... ... The Visiting Nurse Association (VNA) of Somerset Hills is proud to host ... items from across the nation, this holiday-themed event will raise funds and awareness for ... The boutique will be open Saturday, November 4 (10:00 a.m. – 5:00 p.m.) ...
(Date:10/13/2017)... , ... October 13, 2017 , ... ... be giving viewers the lowdown on sciatica in a new episode of "Success ... focuses on current events and innovation and investigates each subject in-depth with passion ...
(Date:10/12/2017)... ... October 12, 2017 , ... First Healthcare Compliance (FHC), an ... showcase a range of technology and learning solutions at the 68th Annual American ... to be held October 14–18, 2017 at the Mandalay Bay Resort in Las ...
(Date:10/12/2017)... , ... October 12, 2017 , ... IsoComforter, Inc. ( ... announced today the introduction of an innovative new design of the shoulder pad. ... you get maximum comfort while controlling your pain while using cold therapy. By utilizing ...
(Date:10/12/2017)... ANGELES (PRWEB) , ... October 12, 2017 , ... ... Parsa Mohebi Hair Restoration, has recently contributed a medical article to the newly ... on cosmetictown.com. Dr. Mohebi’s article spotlights the hair transplant procedure known as ...
Breaking Medicine News(10 mins):
(Date:10/2/2017)... Denmark , Oct. 2, 2017 The Rebound ... in the struggle to reverse the tide of prescription drug ... for regulating their medicine intake and stepping down their dosage ... set to launch in December 2017; the first 100,000 people ... Learn more at http://www.rebound-solution.com/ ...
(Date:9/28/2017)... Cohen Veterans Bioscience and Early Signal Foundation ... and home sensors for real-time monitoring of patients with ... nonprofit organization focused on disruptive health solutions for rare ... system to record and integrate behavioral, cognitive, physiological and ... ...
(Date:9/27/2017)... NEW YORK , Sept. 27, 2017  DarioHealth Corp. (NASDAQ: ... data solutions, today announced that its MyDario product is expected to appear ... listings for when The Dr. Oz Show airs in your area: ... The nine-time Emmy award-winning, The ... ...
Breaking Medicine Technology: