Articles from Trivest Partners

Trivest Partners (“Trivest” or the “Firm”) is pleased to announce the following promotions — a recognition of accomplishment that fully exemplifies the depth of talent and experience across the organization.

Trivest Partners (“Trivest” or the “Firm”) announced the closing of Trivest Growth Investment Fund III (“TGIF III” or the “Fund”) at $730 million of total capital commitments (including Trivest and its affiliates’ commitments). TGIF III was meaningfully oversubscribed primarily due to the strong support of Trivest’s current investor base and was largely completed in a single close, less than 60 days from initial launch. The limited partners for the Fund include endowments, corporate pensions, insurance companies, funds of funds, family offices and individuals. TGIF III represents Trivest’s thirteenth institutional private equity fund and brings Trivest assets under management to approximately $6.1 billion following TGIF III’s closing.

Trivest Partners (“Trivest” or the “Firm”) is pleased to announce it has partnered with Dominique Dawes Gymnastics & Ninja Academy (“DDGNA” or the “Company”), a recreational gymnastics and ninja academy based in Maryland.

Hinton Lumber Products (“Hinton” or the “Company”) announces a minority growth investment from Trivest Partners (“Trivest”). The investment was made from Trivest Growth Investment Fund II (“TGIF”), a dedicated non-control fund launched in 2016 to solve founders’ need for a value-added capital partner while maintaining operational and financial control of their business. Palmares Capital Partners (“Palmares”), an Atlanta-based private investment firm, co-invested in Hinton alongside Trivest.

Dubin Research & Consulting (“DRC”) announced today a strategic growth investment from Trivest Partners (“Trivest”), a Miami-based private investment firm that focuses exclusively on the support and growth of founder-led and family-owned businesses in the U.S. and Canada. The investment was made from the Trivest Growth Investment Fund II (“TGIF”), a dedicated non-control fund launched in 2016 to support founders’ need for a value-added capital partner while enabling founders to maintain strategic, operational and financial control of their business.

Trivest Partners (“Trivest” or the “Firm”) is pleased to announce the following promotions — a recognition of accomplishment that fully exemplifies the depth of talent and experience on the internally-grown Trivest team.

Trivest Partners LP (“Trivest”) is pleased to announce the rebranding of its order-to-cash management holding company, BII Services Corp (“BII”), to Cadex Solutions Corporation (“Cadex” or “Company”). The Company’s rebranding includes a new name, logo, tagline, and website.

Trivest Partners (“Trivest” or the “Firm”) announced the closing of Trivest Recognition Fund (“Recognition” or the “Fund”) at its hard cap with over $1.3 billion of total capital commitments (including Trivest and its affiliates’ commitments) that will seek to generally invest in platform companies with EBITDA above $15 million. Despite a crowded private equity fundraising market, Trivest received significant support from both its established investor base and a number of new investors. The Fund includes a diversified mix of limited partners including endowments, corporate and public pensions, insurance companies, funds of funds, family offices and individuals, including more than 40 founders and CEOs of current and former Trivest investments. Recognition represents Trivest’s twelfth institutional private equity fund and brings Trivest assets under management to approximately $5.5 billion.

Trivest Partners (“Trivest” or the “Firm”) is pleased to announce the addition of Allison Gracer as its first Director of Environmental, Social, and Governance (“ESG”). This key position represents a commitment to continual improvement across the Firm and the Trivest portfolio in the areas of both ESG and Diversity, Equity, and Inclusion (“DEI”).

Trivest Partners (“Trivest”) is pleased to announce it has acquired ABC-Amega, Inc. (“ABC-Amega”). Founded in 1929, ABC-Amega is one of the oldest commercial collection agencies in the US. It has evolved over the years to become one of the most trusted full-service, B2B accounts receivable management and industry credit services providers. The ABC-Amega acquisition expands the capabilities of BII Services Corp (“BII”), a holding company formed by Trivest to build the premier provider of commercial order-to-cash management solutions.

Trivest Partners (“Trivest”), a leading private equity firm focused on investing in founder and family-owned businesses, has completed the sale of its portfolio company MGT (“MGT” or the “Company”) to The Vistria Group (“Vistria”). MGT partnered with Trivest’s non-control fund extension, Trivest Growth Investment Fund (“TGIF”), in early 2020. TGIF was launched in late 2016 to solve founders’ need for a value-added private capital partner while maintaining operational and financial control of their business. To date, TGIF has completed 21 founder/family-owned platform investments.

Trivest Partners (“Trivest”) announces the formation of Pet Resort Hospitality Group (“PRHG” or the “Company”), a buy-and-build thesis in the pet services industry with the goal of building a best-in-class operation across various states with a focus on daycare, boarding, grooming, and training. Trivest’s investment will come from Trivest Discovery Fund II, a $600 million fund dedicated to investing in founder and family-owned businesses within fragmented industries that have enormous potential to scale. PRHG is Trivest Discovery Fund II’s 2nd platform investment.

Brothers National, LLC (“Brothers”) has merged operations with Pavement Partners Holding, LLC (“Pavement Partners”) to create one of the nation’s preeminent pavement service companies, Pave America, LLC (“Pave America” or the “Company”). Pave America is a leading provider of maintenance-driven pavement solutions including repair, milling, sealcoating, and striping services to commercial, municipal, industrial, utility, and HOA customers with nationwide coverage through an extensive self-perform and outsourced vendor model. In less than two years, Pave America has closed and integrated a litany of acquisitions and plans to continue to execute an aggressive organic growth and acquisition strategy. The Company’s primary investors, Trivest Partners (“Trivest”) and Shoreline Equity Partners (“Shoreline”) will maintain dual control in the go-forward business, and Lincoln Road Global Management (“Lincoln Road”) will retain minority equity ownership. As part of the transaction, Tom York, formerly at Pavement Partners, will assume the role of Pave America CEO and Paul Garner, formerly at Brothers, will serve as President.

Trivest Partners (Miami, FL) announces the formation of Total Sanitation Services, an integrated family of leading brands within the portable sanitation rentals and related site services industry. The announcement follows the acquisitions of five leading portable sanitation service providers throughout Ontario, Canada: Chantler’s Environmental Services (Greater Toronto Area), Central Sanitation (SW Ontario), Lacombe LSC (Ottawa, ON), Gilbert’s Restrooms (Windsor, ON), and Johnson’s Sanitation (Parkhill, ON). Total Sanitation Services serves as the umbrella for the entire group with each company retaining its brand equity in its served market.

Trivest Partners (“Trivest” or the “Firm”) is pleased to announce the following promotions — a recognition of accomplishment that fully exemplifies the depth of talent and experience on the internally-grown Trivest team.

Trivest Partners (“Trivest” or the “Firm”) announced the closings of Trivest Fund VII (“Fund VII”) and Trivest Discovery Fund II (“Discovery II”) with approximately $950 million and $600 million of total capital commitments (including Trivest commitments), respectively. Both funds were oversubscribed and the fundraise for each fund was substantially completed in a single closing. Raised concurrently, Fund VII and Discovery II represent Trivest’s tenth and eleventh institutional private equity funds and bring Trivest assets under management to more than $4.0 billion. Despite a crowded private equity fundraising market, Trivest received significant support from both its established investor base and a select group of new investors. Both funds include a diversified mix of limited partners including endowments, corporate and public pensions, insurance companies, funds of funds, family offices and individuals, including more than 40 founders and CEOs of former Trivest investments.

Trivest Partners (“Trivest” or the “Firm”) is pleased to announce the promotion of Mario R. Masrieh, effective July 1, 2021, to Principal. This recognition of accomplishment further exemplifies the depth of talent and experience on the internally-grown Trivest team.