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:8/18/2017)... New York (PRWEB) , ... August 18, 2017 ... ... leading manufacturers and marketers of high-quality anti-aging skincare solutions, recently announced ... Serum. These new products are an affordable, yet effective alternative to expensive plastic ...
(Date:8/18/2017)... ... 18, 2017 , ... “Prompted By Love”: a love story thrown into doubt ... Nettles. Author Mary P. Nettles has devoted her life to ministry since the ... lifelong desire to write was, however, not fulfilled until 2014 when "The Color of ...
(Date:8/18/2017)... ... August 18, 2017 , ... “Case ... Veterans Affairs Medical Center. “Case #10-5411 Veterans Administration” is the creation of ... abuse. In June 1990, Carol Mulhem started work at the Coatesville VAMC ...
(Date:8/17/2017)... ... August 17, 2017 , ... ... organizations and considered extremely effective, very effective, or effective by 85% of respondents, ... , NEJM Catalyst Insights Reports are based on surveys of the NEJM Catalyst ...
(Date:8/17/2017)... ... , ... When Amy Cowperthwait left the emergency room after 28 ... dream to make nursing education more relevant and prepare aspiring nurses to address both ... healthcare provider education. , “The human element was missing. Students were learning ...
Breaking Medicine News(10 mins):
(Date:8/2/2017)... , Aug. 2, 2017 CaryRx, a next-generation full-service ... delivery service for patients in the Washington D.C. ... retail pharmacy by providing delivery of medications through the convenience ... future delivery or delivered within one hour to any location ... excited to bring this invaluable service to Washington ...
(Date:7/31/2017)... , July 31, 2017 7D Surgical, developer ... Medical has purchased the 7D Surgical System to support its ... Washington D.C. and Virginia.  7D Surgical has ... for many of the premier medical facilities within those markets. ... ...
(Date:7/27/2017)... Services, Inc. (NYSE: WST ) today announced ... financial guidance for the full-year 2017. ... Reported net sales of $397.6 million, a record high, ... constant currency (organic) grew by 3.9%. ... in the prior-year quarter. Second-quarter 2017 adjusted diluted EPS ...
Breaking Medicine Technology: