The Riverside Co. has invested in Blue Moon Estate Sales, a U.S. estate sales franchise providing services to assist seniors and their families when they are selling the senior’s residence to downsize or transition to a senior living facility.
Riverside Managing Partner Loren Schlachet, said, “During our partnership, we plan to grow the company from a regional estate sale provider into a leading national player.”
Based in Raleigh, North Carolina, Blue Moon will complement existing Riverside platform Best Life Brand’s (BLB) home care and assisted living placement services by adding services to assist seniors in the transition from living at home to a senior facility. BLB is the largest senior services franchise platform and this add-on is part of BLB’s strategy to provide families a broad suite of expertise to navigate the aging process and help seniors live the best life possible.
Working with Schlachet and Riverside Partner Brian Sauer on the deal were Senior Advisor Steve Siegel, Senior Operating Partner Mike Eblin, Operating Partner Mark Eblin, Assistant Vice President Josh Smith, Associate Caroline Peck and Finance Director Mike Rath. Managing Partner Jeremy Holland sourced the deal for Riverside.