Riverside Partners Completes Investment in R&D Altanova
Riverside Partners, a Boston-based private equity firm, has announced that it has completed an equity investment in R&D Altanova ("R & D Altanova" or the "Company").
"R&D Altanova is the leader in meeting the complex and mission-critical semiconductor testing needs of the world's most demanding customers," said David Belluck, a General Partner of Riverside Partners who will join the Company's Board of Directors. "We are pleased to complete this investment and to partner with the Company's talented and experienced management team in supporting their growth plan."
"Riverside Partners' experience investing in and growing leading semiconductor testing companies will prove invaluable as we grow to meet our customers' needs," said Jim Russell, President and CEO of R&D Altanova. "We were looking for a partner to assist us with our global growth plans and provide the financial means to allow us to expand our operations. This partnership with Riverside Partners will enable us to execute on those plans to continue to build the best in class global infrastructure and maintain our continued focus on innovation in the A.T.E. marketplace."