The Riverside Company, a global private investor focused on the smaller end of the middle market, has formed a strategic partnership between its portfolio company Toolport, a leading European specialized online provider of professional tents and spare parts for the consumer and industrial markets, and GFP, a leading specialized online provider of greenhouses, raised garden beds and related products in the DACH region.
Riverside invested in Toolport in 2019 and, since then, has worked with Toolport’s management to significantly grow the business through a dedicated internationalization strategy, as well as through enhancements to key operational areas such as procurement, logistics and marketing.
GFP and Toolport share a common DNA – both companies are specialized online providers and passionate about their customers and products. Customers appreciate the large assortment of high-quality products, reliable service, and fast delivery. In recent years, Toolport has developed into a strong pan-European platform that now enables GFP to exploit the potential of its product category across Europe.
Working with Riverside Europe Partner Peter Schaberger on this transaction were Vice President Florian Halama and Senior Associate Nicola Tomaschko.
