Riverside acquires Hoover Circular Solutions from First Reserve
Houston-based Hoover Circular Solutions rents packaging, fleet and logistics assets to refining and chemical customers; terms were not disclosed.
An affiliate of The Riverside Company has acquired Hoover Circular Solutions Limited, known as Hoover CS, from First Reserve. The deal was announced on November 5, 2026, and the buyer is described as an affiliate of Riverside.
Founded in 1911 and headquartered in Houston, Texas, Hoover CS provides reusable packaging, fleet management and logistics services to refining, chemical, energy and industrial customers. Its Catalyst Packaging unit handles fresh and spent catalyst logistics, and its Chemical Packaging unit supplies IBCs and ISO tanks. It serves about 850 customers across North America, Europe and the Middle East.
Riverside said it plans to invest in Hoover CS's people, systems and facilities. Houlihan Lokey acted as exclusive financial adviser to Hoover CS.
Deal facts
- Target
- Hoover Circular Solutions
- Business
- Provider of sustainable rental packaging, fleet management and logistics solutions for refining and chemical customers
- Investor
- Riverside affiliate
- Sponsor
- The Riverside Company
- Seller
- First Reserve
- Deal type
- Investment
- Headquarters
- Houston, Texas
- Advisers
- Houlihan Lokey financial adviser to Hoover Circular Solutions
- Status
- Completed
- Announced
- Thursday, November 5, 2026
Sources
- GlobeNewswireNov 5, 2026
- RiversideNov 5, 2026
Written by Buyout Desk from the sources above. Spotted an error? Email corrections@buyoutdesk.com.