Riverarch Equity Partners (“Riverarch”) announced today the sale of its portfolio company FORTA, LLC (“FORTA” or the “Company”) to The Heritage Group. Terms of the transaction were not disclosed.

FORTA leads the construction industry in fiber reinforcement innovation, providing high-performance solutions for a wide range of applications with a commitment to advancing construction technology used in asphalt and concrete applications worldwide. For decades, the Company has pioneered products that improve pavement performance, enhance durability and efficiency and strengthen infrastructure. FORTA is headquartered in Grove City, Pennsylvania.

Riverarch, partnered with the FORTA management team to execute against an aggressive growth strategy that more than tripled the size of the business under Riverarch’s ownership. During Riverarch’s investment, FORTA consummated four strategic acquisitions and invested in people and company infrastructure which resulted in an expanded portfolio of concrete reinforcement products and solutions, a stronger position and sales talent in asphalt reinforcement fibers, a reinvigorated new product development engine, and continued adoption of reinforcement fibers across both concrete and asphalt markets.

“It has been a privilege to work with the FORTA management team to build a growth platform, and we take exceptional pride in partnering with a business based near Riverarch’s headquarters in Pittsburgh” said Brian Blake, principal at Riverarch. “Our investment in FORTA is consistent with our group’s strategy of partnering with strong executive teams, and supporting them as they continue to scale, diversify, and establish themselves as an acquisition platform.”

The transaction for Riverarch was led by Michael Rost, managing director; Brian Blake, principal; Daniel Lebby, senior associate; and Peter Heerdt, senior associate. Baird and Northborne Partners represented FORTA and acted as the Company’s financial advisor for the transaction.

Riverarch is a middle-market private equity firm that invests in market-leading businesses where it can partner with management to support accelerated growth. The firm is based in Pittsburgh, Pennsylvania.