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Source Capital Invests in RidgeRock Retaining Walls

Source Capital Invests in RidgeRock Retaining Walls

Source Capital Invests in RidgeRock Retaining Walls

Source Capital ("Source"), through an affiliate fund, is pleased to announce its investment in RidgeRock Retaining Walls, LLC ("RidgeRock" or the "Company"), a 25+ year old leading value-added distributor of proprietary and patented segmental blocks and other components used to construct retaining walls, both commercial and residential, in the Southeast and Mid-Atlantic. Source Capital and Everside Capital Partners provided debt and equity to support the recapitalization of RidgeRock by private equity sponsor Cornerstone Capital Partners ("Cornerstone").

Founded in Charlotte, NC in 1998, RidgeRock sells a robust portfolio of products, including proprietary and patented segmental concrete blocks and synthetic geogrid to a diversified customer base across a number of end markets within the retaining wall industry. The Company has developed a best-in-class reputation as a leader in the retaining wall industry, providing unrivaled customer service and a robust product offering.

"We are excited to close our first investment with Cornerstone who has significant experience in this space", said Joe Rodgers, Managing Director at Source Capital. "RidgeRock has a stellar reputation in the industry along with an impressive team, and we look forward to partnering with Cornerstone and the RidgeRock team to support the next phase of growth."


About RidgeRock Retaining Walls
Founded in 1998, RidgeRock Retaining Walls ("RidgeRock" or the "Company") is a leading value-added distributor of proprietary and patented segmental concrete blocks used in the construction of segmental retaining walls to commercial, residential, industrial, and municipal contractors and installers. The Company is headquartered in Charlotte, NC and serves a diverse base of customers across the Mid-Atlantic and Southeast. With a dedication to providing unrivaled customer service and a robust product offering, the Company has developed a highly respected reputation as a leader in the retaining wall industry. For more information, visit www.ridge-rock.com


About Cornerstone Capital Partners
Cornerstone Capital Partners, Inc., a private investment firm founded in 1990, acquires or recapitalizes companies with the potential for profitable growth. Cornerstone's strategy is centered on investing in companies with strong management, an attractive business model, and the potential to develop a leading market position. Cornerstone invests in companies that manufacture or distribute commercial and industrial products or provide business services. For more information, visit www.cornerstonecappartners.com


About Source Capital
Source Capital is an Atlanta, GA based private investment firm that has been providing flexible equity and debt capital to lower middle market companies for over 20 years. The firm has a value-added investing approach that brings (i) patient capital focused on long-term value creation; (ii) collaborative partnerships with management teams, founders/owners, private equity investors and independent sponsors; and (iii) strategic and operational resources to its portfolio companies. To learn more about Source Capital or to discuss a new equity or debt investment opportunity, please reach out to a member of our investment team or visit www.source-cap.com


About Everside Capital Partners
Everside Capital Partners is an SEC-registered investment advisor, as well as a SBIC (Small Business Investment Company) license holder based in New York, NY. With over $2.1 billion in assets under management across its vehicles, Everside partners with leading SBIC managers in the lower middle market through its primary and secondary investing strategies, and also makes direct credit and equity investments in small businesses through its direct investing strategies. As a flexible capital provider, Everside offers debt and structured equity solutions for recapitalizations, acquisitions, liquidity events, and management buyouts. For more information, please visit us at www.everside.com

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