SOUTH PLAINFIELD, NJ – Private equity firm Riverside Partners has taken a stake in R&D Altanova, the company announced today.

R&D Altanova is a provider of test interface solutions, and is the parent to RD Circuits, a board fabricator and assembler.

“We were looking for a partner to assist us with our global growth plans and provide the financial means to allow us to expand our operations. This partnership will enable us to execute on those plans to continue to build the best-in-class global infrastructure and maintain our continued focus on innovation in the ATE marketplace,” said James Russell, CEO of R&D Altanova.

“The product demands of our technology customers require us to continually reinvest in equipment and global infrastructure to develop the test interface solutions they will need in the future,” said CFO Ken Pawloski.

No financial terms of the investment were disclosed.

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