Trilantic North America Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Trilantic North America has acquired 5 companies. It has also invested in 4 others.

Trilantic North America’s most common sectors for investment areoil/gas exploration (24%) and consumer products (14%) . The Firm’s most common investment types include growth capital (30%) and buyout (lbo, mbo, mbi) (20%). In total, Trilantic North America has invested in 22 US states and 2 different countries. Its largest (disclosed) acquisition occurred in 2011 when it acquired TLP Energy for $350M.

In the last 3 years, Trilantic North America has exited 3 companies. The Firm’s most common exit type is trade sale (50%). Trilantic North America’s largest (disclosed) exit occurred in 2021 when it sold Indigo Natural Resources for $2.7B.

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M&A Summary

  • M&A Total Activity72
    • M&A Buy Activity50
    • M&A Sell Activity22
  • Total Sectors Invested 23
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 32
  • M&A Advisors 9

Trilantic North America

399 Park Avenue, 39th Floor,
New York, New York 10022
United States
(212) 607-8450
www.trilanticnorthamerica.com

Trilantic North America is a mega-sized private equity firm focused on opportunities throughout North America. Trilantic generally invests in large businesses with 'strong market positions, unique franchises, secure and growing market niches or distinctive products and services that command premium prices'. Sectors of interest include business services, consumer, energy, and financial services. The Firm's target investment size is $50 to $300 million in companies valued up to $1 billion. Transaction situations of interest include management buyouts, recapitalizations, growth capital financings, divestitures, new platforms, and generational transfers. Trilantic North America was formed in 2009 through the spin-off of Lehman Brothers' private equity business. The Firm is based in New York City.


Investment Criteria

Sectors of Interest: Beverages, Building Materials, Business Services, Consumer Products, Consumer Services, Distribution, Electrical Equipment, Energy Services and Equipment, Financial Services, Food, Gaming, Healthcare Services, Insurance, Media, Oil/Gas Exploration, Publishing, Restaurants, Transportation

Target Transaction Types: Buyout (LBO, MBO, MBI), Consolidation, Divestiture, Growth Capital, Recapitalization, Stake Purchase

Geographic Preferences: East US, Midwest US, South US, West US, Canada

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size 50 300
Enterprise Value 50 1,000
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (2.8/yr) # 36 5 6 3 - - 50
vol $1.1B $82M $1.2B
Sell (0.8/yr) # 18 1 2 1 - - 22
vol $1.9B $3.3B $200M $5.4B
  72

Most Recent M&A

Company Date Value Type
TSC Miami 2022-08-03 - Growth Capital
Miami Gardens, Florida · www.tscmiami.com
Powin LLC 2022-07-14 - Growth Capital
Tualatin, Oregon · www.powin.com
SemaConnect LLC 2022-06-14 200M USD Trade Sale
Bowie, Maryland · www.semaconnect.com
APFS LLC 2022-01-04 - Recapitalization
Chicago, Illinois · www.addisongroup.com
WebFX, Inc. 2021-10-20 - Growth Capital
Harrisburg, Pennsylvania · www.webfx.com
Velvet Energy Ltd. 2021-07-29 565M CAD Trade Sale
Calgary, Alberta · www.velvetenergy.net
Indigo Natural Resources LLC 2021-06-02 2.7B USD Trade Sale
Houston, Texas · www.ndgo.com
Quickparts, Inc. 2021-06-01 82M USD Divestiture
Seattle, Washington · www.quickparts.com
RoadSafe Traffic Systems, Inc. 2021-04-12 - Secondary Buyout
Bensalem, Pennsylvania · www.roadsafetraffic.com
Ingenovis Health, Inc. 2021-02-08 - Consolidation
Cincinnati, Ohio · www.ingenovishealth.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Quickparts, Inc. 2021-06-01 Xcentric Mold & Engineering, Inc. 2022-09-26 1
Seattle, Washington · www.quickparts.com Clinton Township, Michigan · www.xcentricmold.com
Ingenovis Health, Inc. 2021-02-08 VISTA Staffing Solutions, Inc. 2022-04-27 8
Cincinnati, Ohio · www.ingenovishealth.com Cottonwood Heights, Utah · www.vistastaff.com
Ingenovis Health, Inc. 2021-02-08 U.S. Nursing Corp. 2021-02-24 7
Cincinnati, Ohio · www.ingenovishealth.com Greenwood Village, Colorado · www.usnursing.com
Ingenovis Health, Inc. 2021-02-08 Fastaff Travel Nursing, LLC 2021-02-24 6
Cincinnati, Ohio · www.ingenovishealth.com Greenwood Village, Colorado · www.fastaff.com
DJR Energy LLC 2017-04-01 Encana Corp. - San Juan Basin Assets 2018-10-01 1
Denver, Colorado · www.djrllc.com Calgary, Alberta

M&A by Sector

Sector Current # Value All-time # Value
Oil/Gas Exploration 4 (16%) - 12 (24%) 610M (53%)
Consumer Products 1 (4%) - 7 (14%) 255M (22%)
Business Services 2 (8%) - 3 (6%) 210M (18%)
Electrical Equipment 1 (4%) - 3 (6%) -
Staffing 2 (8%) - 3 (6%) -
Apparel/Textiles 1 (4%) - 2 (4%) -
E-Commerce 2 (8%) - 2 (4%) -
Food 1 (4%) - 2 (4%) -
Franchising 1 (4%) - 2 (4%) -
Manufacturing 1 (4%) 82M (100%) 1 (2%) 82M (7%)
Building Materials - - 1 (2%) -
Construction - - 1 (2%) -
Consumer Services 1 (4%) - 1 (2%) -
Digital Media 1 (4%) - 1 (2%) -
Distribution 1 (4%) - 1 (2%) -
Energy Services and Equipment 1 (4%) - 1 (2%) -
Environmental 1 (4%) - 1 (2%) -
Insurance - - 1 (2%) -
Leisure 1 (4%) - 1 (2%) -
Renewable Energy 1 (4%) - 1 (2%) -
Safety/Security 1 (4%) - 1 (2%) -
Software 1 (4%) - 1 (2%) -
Transportation - - 1 (2%) -
Total 25 $82M 50 $1.2B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 24 (96%) 82M (100%) 48 (96%) 1.2B (100%)
  Texas 5 (20%) - 9 (18%) -
  Colorado 2 (8%) - 5 (10%) 260M (22%)
  New York 2 (8%) - 4 (8%) -
  Pennsylvania 2 (8%) - 3 (6%) -
  Oklahoma 1 (4%) - 3 (6%) 350M (30%)
  Illinois 1 (4%) - 3 (6%) -
  Oregon 2 (8%) - 2 (4%) -
  Massachusetts 2 (8%) - 2 (4%) -
  Connecticut 1 (4%) - 2 (4%) -
  Minnesota 1 (4%) - 2 (4%) -
  California - - 2 (4%) -
  Washington 1 (4%) 82M (100%) 1 (2%) 82M (7%)
  Ohio 1 (4%) - 1 (2%) -
  New Hampshire 1 (4%) - 1 (2%) -
  Maine 1 (4%) - 1 (2%) -
  Florida 1 (4%) - 1 (2%) -
  Tennessee - - 1 (2%) 255M (22%)
  Georgia - - 1 (2%) 210M (18%)
  Utah - - 1 (2%) -
  South Carolina - - 1 (2%) -
  North Carolina - - 1 (2%) -
  Maryland - - 1 (2%) -
Canada 1 (4%) - 2 (4%) -
  Manitoba 1 (4%) - 1 (2%) -
  Alberta - - 1 (2%) -
Domestic 24 (96%) 82M (100%) 48 (96%) 1.2B (100%)
Cross-border 1 (4%) - 2 (4%) -
Total 25 $82M 50 $1.2B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Growth Capital 10 (40%) - 15 (30%) 260M (22%)
Buyout (LBO, MBO, MBI) 4 (16%) - 10 (20%) 350M (30%)
Stake Purchase 3 (12%) - 9 (18%) -
Secondary Buyout 4 (16%) - 7 (14%) 255M (22%)
Recapitalization 1 (4%) - 3 (6%) -
Consolidation 2 (8%) - 2 (4%) -
Going Private - - 1 (2%) 210M (18%)
Divestiture 1 (4%) 82M (100%) 1 (2%) 82M (7%)
Joint Venture - - 1 (2%) -
Venture - - 1 (2%) -
Total 25 $82M 50 $1.2B

Exits by Deal Type

Type Total # Value
Trade Sale 6 (27%) 1.2B (23%)
Secondary Sale 6 (27%) 135M (3%)
Trade Sale - Public Company 5 (23%) 4.0B (75%)
Bankruptcy 2 (9%) -
IPO 2 (9%) -
Stake Sale 1 (5%) -
Total 22 $5.4B

Top M&A Advisors

Financial Deals
Robert W. Baird & Co., Inc.
 1
Lincoln International
 1
Carolina Financial Group LLC
 1
Legal Deals
Kirkland & Ellis
 12
Latham & Watkins
 2
Gibson, Dunn & Crutcher
 1

Deal Values

buy # Total
$100M to $1B 4 $1.1B
< $100M 1 $82M
TOTAL $1.2B
Largest TLP Energy LLC
$350M (2011-03-01)
sell # Total
> $1B 1 $2.7B
$100M to $1B 6 $2.7B
TOTAL $5.4B
Largest Indigo Natural Resources LLC
$2.7B (2021-06-02)

M&A Connections

Deals
Acquired from
Investor(s)
20%
10 (20%)
Strategic(s)
2%
1 (2%)
Exited to
Investor(s)
36%
8 (36%)
Strategic(s)
50%
11 (50%)

Investor Summary

Investor Type

Private Equity Firm

Size

Mega

PE Assets

9.6B USD

Established

2009

Specialist/Generalist

Generalist

Leadership

Daniel James

CEO & Partner

Charles Ayres

Chairman & Partner

Jeremy Lynch

Co-President & Partner

Jamie Manges

Co-President, Partner

Jennifer Bensimon

Managing Director

FAQ

When was Trilantic North America founded?

Trilantic North America was founded in 2009.

What type of investor is Trilantic North America?

Trilantic North America is a private equity firm.

Where is Trilantic North America headquartered?

Trilantic North America is headquartered in New York, New York.

How much capital does Trilantic North America have under management?

Trilantic North America has 9.6B USD under management.

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