River Associates Investments, L.P. acquires Diamond Wipes, Inc.
The Chino, California-based contract manufacturer produces disposable wet wipes and liquid-fill personal care products for brands, retailers, and distributors across North America.
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River Associates funded the transaction with equity from its eighth investment fund, River VIII, L.P., making Diamond Wipes the firm's seventh platform investment in the fund and its second platform investment closed in 2026. "We are excited to partner with River Associates as we enter the next phase of growth for Diamond Wipes," said Steve Gallo, CEO of Diamond Wipes.
Diamond Wipes was previously owned by Nolan Capital; Intrepid Investment Bankers and O'Melveny & Meyers LLP advised the seller, while Holland & Knight, LLP advised River Associates.
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