Trivest Partners, L.P. is the oldest

private equity firm A private equity firm is an investment management company that provides financial backing and makes investments in the private equity of startup or operating companies through a variety of loosely affiliated investment strategies including leve ...

in the Southeast U.S., founded in 1981, and focuses exclusively on founder and family-owned businesses. Trivest is headquartered in

Miami, Florida Miami ( ), officially the City of Miami, known as "the 305", "The Magic City", and "Gateway to the Americas", is a East Coast of the United States, coastal metropolis and the County seat, county seat of Miami-Dade County, Florida, Miami-Dade C ...

with regional offices in

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Chicago (''City in a Garden''); I Will , image_map = , map_caption = Interactive Map of Chicago , coordinates = , coordinates_footnotes = , subdivision_type = Country , subdivision_name ...

Los Angeles Los Angeles ( ; es, Los Ángeles, link=no , ), often referred to by its initials L.A., is the largest city in the state of California and the second most populous city in the United States after New York City, as well as one of the world' ...

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and

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. Trivest has provided "

Private Equity In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a ty ...

for Founders" in the lower middle market through its flexibility in transaction structuring and related "Just Say No" program, which eliminates the typical pain points faced by founders looking to outside investment. The firm is largely industry-agnostic, but focuses on investments in the consumer, business services, healthcare, value-added distribution and niche manufacturing sectors.

Overview

The Trivest team is led by Managing Partner Troy D. Templeton. Troy joined the firm in 1989 and plays a key leadership role in Trivest's

buyout In finance, a buyout is an investment transaction by which the ownership equity of a company, or a majority share of the stock of the company is acquired. The acquiror thereby "buys out" the present equity holders of the target company. A buyout ...

activities, investment sourcing, resource allocation, portfolio oversight and firm administration. Jamie Elias, David Gershman, Jorge Gross Jr., Forest Wester, Russ Wilson and Steve Reynolds are also Partners of Trivest. Trivest was an early entrant to the leveraged buyout space in the early 1980s and has completed investments in over 350 companies representing roughly $7 billion in value since its founding. Since its inception in 1981, Trivest has raised six institutional

private equity fund A private equity fund (abbreviated as PE fund) is a collective investment scheme used for making investments in various equity (and to a lesser extent debt) securities according to one of the investment strategies associated with private equity ...

s, with total investor commitments of over $2.5 billion, dedicated to

leveraged buyout A leveraged buyout (LBO) is one company's acquisition of another company using a significant amount of borrowed money (leverage) to meet the cost of acquisition. The assets of the company being acquired are often used as collateral for the loan ...

investments in founder and family-owned middle market companies. Trivest is currently actively investing from Trivest Fund VI, raised in August 2018 with commitments of $630 million. In addition, in 2017 Trivest launched the Trivest Growth Investment Fund ("TGIF"), a $225 million fund committed to making non-control and growth investments in founder and family-owned businesses. Two new funds were raised at the end of 2019, closing in early 2020: Trivest Growth Investment Fund II ("TGIF II"), a $435 million non-control fund; and Trivest Discovery Fund, a $235 million control fund, currently investing in smaller businesses within fragmented industries. In 36 months from 2019 through 2021, Trivest closed 137 total investments, making it one of the most active firms of its size in the country. The firm currently has 39 portfolio companies, accounting for roughly $2.5 billion in aggregate sales and more than 8,500 employees portfolio-wide. Among the firm’s most notable prior investments are Turnpoint Services, Jon-Don, Oil Changers, Big Truck Rental, Lamark Media, AM Conservation, Ellery Homestyles, Endeavor Telecom, Group III International, Hazmasters, National Auto Care, Onepath Systems, Pelican Water Systems, National Carwash Solutions, Take 5 Oil Change, Wise Company, HandStands, North Star Seafood, ATX Networks,

Directed Electronics Directed Electronics, Inc., often abbreviated DEI, is a Orlando, Florida Orlando () is a city in the U.S. state of Florida and is the county seat of Orange County, Florida, Orange County. In Central Florida, it is the center of the Greater Or ...

, Twinstar International, Herbal Magic, Aero Products International (makers of the Aerobed) and Sun Pharmaceuticals ( Banana Boat brand).

Awards

* 2019

Inc Magazine ''Inc.'' is an American business magazine founded in 1979 and based in New York City. The magazine publishes six issues per year, along with surrounding online and social media content. The magazine also produces several live and virtual events y ...

"PE50" list of the Top 50 Founder-Friendly Private Equity Firms (Inaugural list) * 2019 Buyouts Magazine Small-Market Deal of the Year for Pelican Water Systems * 2020

"PE50" list of the Top 50 Founder-Friendly Private Equity Firms (One of only 18 firms on the list both years) * 2020 Buyouts Magazine Middle-Market Deal of the Year for Turnpoint Services * 2020 RCP Advisors Deal of the Year for Turnpoint Services * 2021 Grady Campbell "Elite 10" * 2021

Founder-Friendly Investors * 2022 Grady Campbell "Elite 10"

References

2020 Small Market Deal of the Year: Trivest Partners
/ Buyouts Magazine, April 8, 2020
Trivest Closes New Private Equity Funds
/

Business Wire Business Wire is an American company that disseminates full-text press releases from thousands of companies and organizations worldwide to news media, financial markets, disclosure systems, investors, information web sites, databases, bloggers, s ...

, January 31, 2020
The 50 Best Private Equity Firms for Entrepreneurs
/

, July/August 2019
How This Florida PE Firm Helped a Solar Business Grow Revenue More Than 15X
/

, November 2021

External links

Trivest
(company website) {{Private equity firms Private equity firms of the United States Financial services companies established in 1981 Companies based in Miami