The Riverside Company has acquired Hoover Circular Solutions, a Houston-based supplier of reusable industrial packaging, from First Reserve, with Silver Point Capital providing a US$130m financing facility announced on 10 November 2026.
Why The Riverside Company is buying Hoover Circular Solutions (Hoover CS)
Hoover CS operates a large mixed rental fleet including closed-loop catalyst logistics, intermediate bulk containers and ISO tanks. Riverside said it would back the company's next phase of growth and invest in its people, systems and facilities.
Deal terms and financing
Terms were not disclosed. Silver Point Capital's direct lending business was sole lender on a US$130m facility supporting the acquisition.
Regulatory approvals and timing
Houlihan Lokey said the transaction closed on 30 October 2026.
Market context
Hoover CS, formerly Hoover Ferguson, renamed itself in 2021 and has since focused on rental and circular packaging services. It serves about 850 customers across North America, Europe and the Middle East.
