Trive Capital Company Profile

Background

Trive Capital is a Dallas, Texas-based private equity firm managing over $8 billion in regulatory assets. Established in 2012, Trive focuses on partnering with management teams to identify transformational opportunities for long-term value creation. The firm's mission is to drive value through a hands-on, collaborative, and data-driven approach, emphasizing operational improvements across various industry sectors.

Key Strategic Focus

Trive Capital specializes in investing in both equity and debt securities, tailoring capital solutions to meet the unique needs of each investment. The firm excels in complex situations, including family-owned businesses, corporate carve-outs, and distressed transactions, where speed and certainty to close are priorities. Trive's hands-on operational approach involves close collaboration with management teams to implement significant value creation initiatives.

Financials and Funding

In April 2022, Trive Capital closed on two funds: Trive Capital Fund IV LP, raising over $1.6 billion, and Trive Structured Capital I LP, securing above $350 million. These funds are designated for controlled buyout investments and non-control positions, respectively. The firm has also launched Trive Capital Real Estate, focusing on value-add real estate strategies in the multifamily and industrial sectors.

Investment Portfolio

Trive Capital's diverse portfolio spans multiple industries, including aerospace and defense, automotive, building products, business services, consumer products and services, education, energy, food and beverage, gaming, health and wellness, healthcare, industrial distribution, insurance services, IT services, leisure and entertainment, plastics and packaging, real estate, residential services, restaurant, retail, specialty finance, technology, media and telecom, and transportation and logistics. Notable investments include:

Accelint: A leading provider of integrated software, sensor, and surveillance solutions for the defense sector.

AEVEX: Provider of full-spectrum airborne intelligence solutions for the global intelligence community.

AGM Automotive: Global supplier of premium interior components and systems for the automotive industry.

Amteck: National provider of design/build electrical contracting services.

Architectural Surfaces Group: Importer and distributor of natural and engineered stone products.

Avatara: Specialized service provider offering comprehensive IT outsourcing solutions.

Cascade Services: Residential HVAC, plumbing, and electrical services platform.

Chilton Auto Body: Auto body collision repair platform with multiple locations across California.

Choice Health at Home: Provider of home health, hospice, and rehabilitation services.

Circle 8: Provider of crane lifting and pumping services to various markets.

Claim Assist Solutions: Tech-enabled provider of outsourced claim solutions for insurance carriers.

Clipper Media Holdings, Inc.: Provider of direct mail marketing and advertising solutions.

ColdTrack: Cold chain logistics partner for e-commerce food and beverage brands.

Core Appalachia: Operator of oil and natural gas properties.

Crunch Canada: Primary Crunch Fitness franchisee in Canada.

EarthLink: Provider of internet access and related services.

Empower Healthcare Solutions: Medicaid managed care organization.

Field Aerospace: Specializes in aircraft integration and support services.

Formula Wellness: Provider of health and wellness services focusing on longevity science.

FoundRae: Luxury jewelry company.

GreenHunter Resources: Offers water management solutions to oil and gas operators.

HTeaO: Franchisor and operator of drive-thru tea locations.

Huron, Inc.: Supplier of complex tubular assemblies for the automotive industry.

Independent Forgings & Alloys (IFA): Provider of open and closed-die forgings.

JF Fitness of North America: Crunch Fitness franchisee operating multiple gyms.

Karman Space & Defense: Supplier focused on manufacturing systems for space and defense markets.

Kittyhawk, Inc.: Provider of Hot Isostatic Pressing services.

Lucky Bucks (2016): Distributed gaming operator.

Madison-Kipp Corporation: Manufacturer of precision cast and machined components.

Mo’ Bettahs: Fast-casual restaurant offering Hawaiian-style food.

NuBridge Commercial Lending: Real estate lending platform.

Pryor Learning: Provider of corporate training and seminars.

Residential Design Services: Provider of interior design and installation services.

RPM Freight Systems, LLC: Provides data-driven solutions for vehicle transport and freight needs.

Leadership Team

Conner Searcy: Managing Partner, responsible for all facets of the firm's activities.

Chris Zugaro: Partner and co-founder, sits on the Investment Committee and board of directors at most portfolio companies.

David Stinnett: Partner.

Ryan Hawkins: Associate, involved in identifying and evaluating investment opportunities.

Connor Mulloy: Associate, focuses on transaction due diligence and growth strategies.

Sterling Wynn: Associate.

Competitor Profile

Market Insights and Dynamics: The private equity industry is highly competitive, with firms vying for attractive investment opportunities across various sectors. The market has seen significant growth, with firms managing substantial assets and seeking to differentiate through unique investment strategies and value creation approaches.

Competitor Analysis:

Thrive Capital: A New York-based venture firm founded by Josh Kushner, known for making significant investments in a small number of companies, such as OpenAI and Stripe. Thrive's strategy focuses on building close relationships with founders and maintaining loyalty through crises.

Insight Equity: A private equity firm where Trive's Managing Partner, Conner Searcy, previously served as a Partner. Insight Equity focuses on strategic investments and operational improvements across various industries.

Bain Capital: A global private investment firm with a diverse portfolio, including private equity, venture capital, and credit investments. Bain Capital is known for its hands-on approach to value creation and operational improvements.

The Carlyle Group: A global investment firm specializing in private equity, real assets, and private credit. The Carlyle Group focuses on creating value through deep industry expertise and a global network.

Strategic Collaborations and Partnerships

Trive Capital emphasizes collaborative partnerships with management teams to drive value and tackle challenges. The firm has a proven track record of working closely with portfolio companies to implement operational improvements and growth strategies. Trive's extensive network of operational resources and strong relationships with financial intermediaries and other capital sources further strengthen its market position.

Operational Insights

Trive Capital's hands-on, operational approach sets it apart in the private equity industry. The firm's ability to excel in complex situations, such as family-owned businesses and corporate carve-outs, provides a distinct competitive advantage. By developing collaborative partnerships and implementing data-driven strategies, Trive effectively drives long-term value creation across its diverse portfolio.

Strategic Opportunities and Future Directions

Trive Capital continues to seek transformational opportunities for long-term value creation. The firm's recent launch of Trive Capital Real Estate demonstrates its commitment to expanding into new sectors, such as multifamily and industrial real estate. By maintaining a flexible and agile investment philosophy, Trive is well-positioned to adapt to changing market dynamics and capitalize on emerging opportunities.