Digital advertising firm RGM Group on Wednesday announced closing $21 million in funding from Riordan, Lewis & Haden Equity Partners. The Los Angeles-based company plans to use the new investment capital to ramp up its national sales force and technology development efforts.
In connection with the funding, RGM named former FastClick CEO Kurt Johnson as its new chief executive, succeeding founder Kamran Razavi. Razavi will assume the newly created role of chief strategy officer at RGM. Continue reading
Torrance, CA – On behalf of the employees, management team and ownership of Edelbrock LLC and its affiliates, Edelbrock is pleased to announce that Industrial Opportunity Partners (“IOP”), a Chicago-based private equity firm, has made an investment in Edelbrock.
“This new partnership comes at a time in the automotive industry that puts Edelbrock in a prime position to capitalize on the ever-strengthening economy”, stated Edelbrock Chairman, Vic Edelbrock. “We’ve weathered the economic storm and constraints of the fragile banking system over the past eighteen months, never losing sight of our commitment to innovation and quality for our customers. The investment from IOP will allow us to continue to expand this focus on developing new and exciting products, such as our supercharger line, across a wide range of applications.” Continue reading