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Riverside to acquire Hoover CS, backed by $130M

PRIVATENov 10, 2026

Acquiring Company

The Riverside Company

Acquired Company

Hoover CS

ClevelandKatyFinancial ServicesFinanceVenture CapitalAngel InvestmentOil And Gas

Description

The Riverside Company is acquiring Hoover Circular Solutions Limited, a provider of sustainable packaging, fleet management and logistics solutions. Silver Point Capital's Direct Lending business led a $130 million facility as the sole lender supporting the acquisition. The financing is intended to help Hoover CS strengthen operations and accelerate growth.

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Company Information

Company

The Riverside Company

Location

Cleveland, Ohio, United States

About

The Riverside Company is a global investment firm focused on being one of the leading private capital and credit options for business owners and portfolio company employees at the smaller end of the middle market by seeking to fuel transformative growth and create lasting value. Since its founding in 1988, Riverside has made more than 980 investments. The firm’s current international private equity and flexible capital portfolios include more than 150 companies. Riverside Australia invests in Australia- and New Zealand-based companies with LTM EBITDA of up to AUD$25 million. For more information, visit www.riversidecompany.com. Holly Mueller Marketing Consultant The Riverside Company 216 535 2236 hmueller@riversidecompany.com

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Frequently asked

Who acquired Hoover CS?

Hoover CS was acquired by The Riverside Company, based in Cleveland. The deal was reported on November 10, 2026. The Riverside Company is privately held and operates in Financial Services.

When did The Riverside Company acquire Hoover CS?

The Riverside Company's acquisition of Hoover CS was reported on November 10, 2026. The Riverside Company is acquiring Hoover Circular Solutions Limited, a provider of sustainable packaging, fleet management and logistics solutions. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Hoover CS do?

Hoover CS, a First Reserve portfolio company, is paving the way for customers across the chemical, refining and general industrial-end markets to move away from single-use containers. It is privately held, operating in Oil And Gas, and is based in Katy.

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