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Riverspan Partners
Riverspan Partners is an SEC-registered investment adviser in Chicago, IL, registered since 2025. The firm manages approximately $339 million in assets.
Riverspan Partners
Riverspan Partners is an SEC-registered investment adviser in Chicago, IL, registered since 2025. The firm manages approximately $339 million in assets. It has 13 employees and 10 investment advisers.
General information
Firm type
Private Equity
Year founded
2022
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Chicago
Corporate office
321 North Clark Street, Suite 940, Chicago, IL 60654, United States
Principals
John Gilligan
Co-Founder
Dave Thomas
Co-Founder
Sector focus
Frequently asked questions
Who runs investment decisions at Riverspan Partners?
Investment decisions are led by co-founders John Gilligan and Dave Thomas, whose shared history in consulting and industrial investing grounds the firm's strategic direction. No formal investment committee composition is publicly disclosed.
What investment stages does Riverspan Partners target?
Riverspan executes buyout, growth, and public-to-private transactions. The firm targets industrial companies generating $5 million to $35 million in EBITDA, often at inflection points such as founder transitions or corporate carve-outs.
Which sectors does Riverspan Partners focus on, and which does it avoid?
The firm invests solely within the industrials sector, naming areas of interest including Chemicals & Materials, Industrial Tech & Engineered Components, Building Products, Industrials Services, and Healthcare Manufacturing. It does not pursue consumer, software, or financial services opportunities based on its public positioning.
Does Riverspan Partners participate in fund commitments or only direct deals?
Riverspan describes itself as a direct investor in industrial companies. No public record indicates fund-of-funds commitments, though the firm may co-invest alongside other sponsors given its broad sourcing from sponsor-backed and public-company ownership structures.
How does Riverspan Partners source proprietary deal flow?
The firm sources from family- and founder-owned businesses, private owners, sponsor-backed companies, and public companies. Its proprietary angle relies on deep domain expertise and long-standing relationships within the industrials value chain rather than auction processes.
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