The Riverside Company

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PaleoWest was, was just, you know, a CRM firm, and it was a CRM firm that was growing and obviously caught the eye of Riverside Company, which is the private equity firm that purchased it.

And they made a majority investment in PaleoWest, and then ended up assuming, like Bill is saying, these other companies.

One was Commonwealth Heritage Group.

The Alabama peonage law has been held unconstitutional.

The question of the constitutionality of the law was raised in the case of Alonzo Bailey, a Negro laborer of the Riverside Company.

The law made it a misdemeanor for any person to enter into a contract to labor, receive advance pay, and then fail to do the work without refunding the money advanced.

The breach of the contract was made proof, on the face of things, of intent to defraud, and under a rule of Alabama law the laborer was not permitted to rebut this proof by testifying as to his unexpressed intention at the time of making the contract.

So with that said, let's jump right in and let's get started with today's episode.

My guest today is Jim Toth, and he is the managing partner at Riverside Acceleration Capital.

And what I really liked about this episode is, one, Jim is a true expert, and then two, how Riverside approaches growing their companies with an extensive team and how involved they get with their portfolio companies is something that I would say is very unique in the, in the private equity space, and they bring a ton of expertise.

They have a, a real perspective in terms of how to grow companies and, and their cadence around working with their portfolio companies is something that I think more PE firms should actually do because the operational side of growing companies is becoming more important, especially in today's market, and Riverside seems to have figured out a great approach to do that.

So why don't we start with your background in Riverside, and then let's take it from there.

Absolutely.

Um, so I'm the founder and managing partner of Riverside Acceleration Capital, uh, so we call it RAC for short.

And, um, I started the firm 10 years ago.