Middle market companies are a means to make money for Riordan, Lewis & Haden. The private equity firm targets middle market businesses, building on proven business models. The firm typically invests between $5 million and $15 million per transaction into companies with sales ranging from $25 million to $150 million. Most of its portfolio companies are based in Southern California and represent multiple industries. Some of its investments include property and casualty insurance provider Financial Pacific, data security software provider Foundstone, and environmental and telecommunications consulting firm Tetra Tech. Former Los Angeles Mayor Richard Riordan founded the firm.
Riordan, Lewis & Haden is a leading private equity firm which invests in growing middle market enterprises which are primarily headquartered in California and adjacent states. The firm, with offices in Los Angeles and Orange County, provides capital and assists portfolio company management teams as they navigate the opportunities and challenges of growth. Working collaboratively with management, RLH provides expertise, contacts, and experience-based advice on important strategic issues. The firm currently manages over $400 million of capital and is actively seeking new portfolio companies.
Riordan, Lewis & Haden (RLH), a leading private equity firm focused on high-growth middle market enterprises, announced today the closing of its most recent fund, RLH Investors II, L.P., totaling $265 million of committed capital.
Founded 25 years ago by former Los Angeles Mayor Richard Riordan and J. Christopher Lewis, RLH is well known for its long history of building successful businesses and creating value for its investors through close partnerships with proven CEO’s and leadership teams. Riordan, Lewis & Haden focuses on investments in growth companies with revenues between $20 million and $250 million, proven and profitable business models, and headquarters located primarily in California or adjacent states.
RLH industry interests include business services, healthcare, specialty distribution, high value-added manufacturing, and financial services. The firm’s equity capital facilitates corporate growth, as well as partial and complete ownership transitions. RLH’s investment appetite per transaction ranges from $10 million to $50 million, with larger amounts available through the firm’s co-investor relationships. The firm will continue to make both minority and control investments, adapting its investment structure to each portfolio company to best serve the capital needs of the enterprise and its management and owners.
RLH Investors II marks just the second time in the firm’s twenty-five year history that it has accepted outside investment. The roster of limited partners in this fund includes a diverse mix of public and private employee pension funds, endowments, foundations, global insurance carriers, national and regional banks, and high net worth individuals. Notably, almost all of the major investors from RLH’s prior institutional fund have chosen to participate in the new fund at a comparable or greater commitment level.
“We are honored to have the support of our limited partners,” said General Partner Patrick C. Haden. “For 25 years we have pursued a focused strategy of partnering with the management teams of high-growth businesses to build significant enterprises.