Deal Details

FORTA Is Acquired by The Heritage Group

Industrial

FORTA, a portfolio company of Riverarch, sale to The Heritage Group

Summary

FORTA, LLC (“FORTA” or the “Company”), a portfolio company of Riverarch Equity Partners (“Riverarch”), has been acquired by The Heritage Group. Terms of the transaction were not disclosed.

Baird served as lead financial advisor to FORTA on this transaction.

About

FORTA leads the construction industry in fiber reinforcement innovation, providing high-performance solutions for a wide range of applications with a commitment to advancing construction technology used in asphalt and concrete applications worldwide. For decades, the Company has pioneered products that improve pavement performance, enhance durability and efficiency and strengthen infrastructure. FORTA is headquartered in Grove City, Pennsylvania.

Riverarch is a middle market private equity firm that invests in market-leading companies where it can partner with management to support accelerated growth. Riverarch is headquartered in Pittsburgh, Pennsylvania.

The Heritage Group is a fourth-generation, family-owned business focused on construction and materials, environmental services and specialty chemicals. In operation since 1930, The Heritage Group’s vision is to be known, generation after generation, as a collection of world-class businesses where good, smart, hard-working people can make a real difference. The dozens of companies in The Heritage Group’s diverse portfolio are united in its commitment to creating a safer, more enriching and sustainable world by harnessing the power of family. The Heritage Group is headquartered in Indianapolis, Indiana.

Industrial

FORTA, a portfolio company of Riverarch, sale to The Heritage Group