Riverside Acquires Hoover Circular Solutions from First Reserve
Tuesday, November 10, 2026 · first reported by Private Equity Professional
Riverside has bought Hoover Circular Solutions (Hoover CS) from First Reserve. Hoover CS rents reusable steel containers, including intermediate bulk containers, ISO tanks and catalyst bins for refineries, and serves about 850 customers in refining, petrochemical, pharmaceutical, food and beverage and other industries.
It runs two businesses, Catalyst Packaging and Chemical Packaging, and offers fleet management using its FleetAI software. Sean Ozbolt, a managing partner at Riverside, said the firm would work with the team to strengthen operations and speed growth. First Reserve first acquired the business in December 2014.
- Firm
- Riverside
- Also named
- First Reserve, Hoover Circular Solutions
- Asset class
- Private equity
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