PE Firm Riverside Buys Into Satellite Communications Co.

Law360, New York (November 28, 2011, 5:32 PM EST) -- Private equity firm Riverside Partners LLC is acquiring a majority stake in St. Petersburg, Fla.-based ITC Global Inc., a satellite communications company specializing in the mining, energy and maritime industries, Riverside announced Monday.

Boston-based Riverside inked an agreement to buy a majority interest in ITC and to provide the company with the “significant” capital needed to fund the company’s expansion, according to the statement. The terms of the transaction remain confidential.

“ITC has a deep understanding of their customers' communications needs, offers superior customer service and...
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