Alta Towers Advisors Expands Reach with Riverturn Capital Merger
Deal News | Jan 02, 2025 | EIN
Alta Towers Advisors, a prominent M&A advisory firm, has expanded its national presence by merging with Riverturn Capital, a Texas-based M&A firm. The merger completed in Q1 of 2024, enables ATA to broaden its reach with offices in Georgetown, TX, Denver, CO, and Chicago, IL. Shortly after the merger, ATA successfully facilitated the sale of an Austin-based HVAC business to a Canadian private equity group, underscoring its ability to deliver value to both domestic and international clients. Dr. Andrei Duta and Ray Torres, co-founders of ATA, expressed their excitement about the merger's potential, while Karl Borik of Riverturn Capital emphasized the enhanced success rate and scalability of deals post-merger. The merger aligns with ATA's mission to create transformative M&A relationships and optimize value for buyers and sellers.
Sectors
- Mergers and Acquisitions (M&A)
- Private Equity
Geography
- United States – Alta Towers Advisors is based in Georgetown, TX, with additional offices in Denver, CO, and Chicago, IL.
- Canada – The mentioned sale of an HVAC business was to a Canadian private equity group.
Industry
- Mergers and Acquisitions (M&A) – Alta Towers Advisors specializes in M&A advisory services, facilitating successful partnerships in this sector.
- Private Equity – The merger mentions the sale of a business to a Canadian private equity group, indicating the relevance of this sector.
Financials
- – The article does not disclose specific financial details such as deal price or fund size.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Alta Towers Advisors (ATA) | Merging Company | Company | A leading M&A advisory firm focused on successful partnerships among buyers, sellers, and investors. |
| Riverturn Capital | Merging Company | Company | A Texas-based M&A advisory firm joining forces with Alta Towers Advisors to enhance deal success and scale. |
| Dr. Andrei Duta | Co-founder and Managing Partner | Person | Co-founder of Alta Towers Advisors, involved in expressing excitement about the merger. |
| Ray Torres | Co-founder and Managing Partner | Person | Co-founder of Alta Towers Advisors, involved in the merger with Riverturn Capital. |
| Karl Borik | Founder | Person | Founder of Riverturn Capital who played a key role in the merger with Alta Towers Advisors. |
| Canadian Private Equity Group | Buyer | Company | Acquired an Austin-based HVAC business brokering through Alta Towers Advisors. |
| His Little Ones | Charity | Charity | A nonprofit organization supported by Alta Towers Advisors, focusing on orphans and vulnerable children in Romania and India. |