Trive Capital Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Trive Capital has acquired 12 companies. It has also invested in 10 others.

Trive Capital’s most common sectors for investment arehealthcare services (10%) and defense (8%) . The Firm’s most common investment types include growth capital (34%) and buyout (lbo, mbo, mbi) (28%). In total, Trive Capital has invested in 23 US states and 3 different countries.

In the last 3 years, Trive Capital has exited 6 companies. The Firm’s most common exit type is trade sale (48%). Trive Capital’s largest (disclosed) exit occurred in 2021 when it sold NxEdge for $850M.

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M&A Summary

  • M&A Total Activity71
    • M&A Buy Activity54
    • M&A Sell Activity17
  • Total Sectors Invested 27
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 22
  • M&A Advisors 9

Trive Capital

Trive Capital

2021 McKinney Avenue,
Dallas, Texas 75201
United States
(214) 499-9715
www.trivecapital.com
info@trivecapital.com

Trive Capital is a hands-on, operationally-focused private equity firm that targets complex or special situations in 'out of favor' but protected market niches. The Firm will consider businesses throughout North America offering differentiated products/services with leading/defensible industry positions. Trive looks to commit $10 to $300 million per investment in businesses generating revenues of $40 million to $1.5 billion. Sectors of interest include automotive, transportation, aerospace/defense, building products, construction, infrastructure, healthcare, manufacturing, industrial, chemicals, distribution, consumer goods, energy services, business services, and communications. Trive Capital was founded in 2012 and is based in Dallas, Texas.


Investment Criteria

Sectors of Interest: Aerospace, Automotive, Beverages, Building Materials, Business Services, Chemicals, Communications, Construction, Consumer Products, Consumer Services, Defense, Distribution, Energy Services and Equipment, Food, Gaming, Healthcare Services, Information Technology, Infrastructure, Internet Software and Services, Manufacturing, Media, Metals/Mining, Packaging, Plastics, Real Estate, Restaurants, Transportation

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Going Private, Growth Capital, Recapitalization, Special Situations/Distressed

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

Transaction Criteria Min Max
Target Revenue 40 1,500
Target EBITDA - -
Investment Size 10 300
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (5.6/yr) # 26 6 4 9 6 3 54
Sell (1.8/yr) # 8 3 3 1 1 1 17
vol $850M $850M
  71

Most Recent M&A

Company Date Value Type
Mo’Bettahs Hawaiian Style Food 2024-10-22 - Divestiture
North Logan, Utah · www.mobettahs.com
NCSG Crane & Heavy Haul Corp. 2024-07-19 - Trade Sale
Acheson, Alberta · www.ncsg.com
Formula Wellness Management LLC 2024-03-18 - Buyout (LBO, MBO, MBI)
Dallas, Texas · www.formulawellnesscenter.com
Tenpin Entertainment Ltd. 2024-02-06 - Going Private
Cranfield Bedfordshire, United Kingdom · www.tenpin.co.uk
Iowa Northern Railway Co. 2023-12-06 - Trade Sale
Waterloo, Iowa · www.iowanorthern.com
Avatara 2023-11-01 - Growth Capital
St. Louis, Missouri · www.avataracloud.com
Veltris 2023-10-04 - Consolidation
Milpitas, California · www.veltris.com
Pryor Learning LLC 2023-08-15 - Growth Capital
Mission, Kansas · www.pryor.com
Cemayla LLC 2023-07-06 - Buyout (LBO, MBO, MBI)
New York, New York · www.foundrae.com
Kittyhawk, Inc. 2023-01-26 - Growth Capital
Garden Grove, California · www.kittyhawkinc.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
EarthLink Holdings Corp. 2019-01-03 BroadAspect - Fiber-Optic & Fixed Wireless Network 2024-04-02 4
Atlanta, Georgia · www.earthlink.net Sterling, Virginia
Wilson Electronics LLC 2022-08-18 Zinwave LLC 2023-01-05 1
St. George, Utah · www.wilsonelectronics.com Cambridge, United Kingdom · www.zinwave.com
Thriving Brands LLC 2021-06-01 Henkel AG & Co. KGaA - Right Guard & Dry Idea Brands 2021-06-01 1
Cincinnati, Ohio · www.thriving-brands.com Düsseldorf, Germany
Streamland Media, Inc. 2018-08-31 SIM - Post Production Business 2021-04-07 2
Burbank, California · www.streamlandmedia.com Toronto, Ontario
Streamland Media, Inc. 2018-08-31 Technicolor Post 2021-01-14 1
Burbank, California · www.streamlandmedia.com Los Angeles, California

M&A by Sector

Sector Current # Value All-time # Value
Healthcare Services 4 (13%) - 5 (9%) -
Aerospace 2 (6%) - 4 (7%) -
Defense 2 (6%) - 4 (7%) -
Automotive 1 (3%) - 3 (6%) -
Business Services 1 (3%) - 3 (6%) -
Consumer Services 1 (3%) - 3 (6%) -
Metals/Mining - - 3 (6%) -
Transportation 1 (3%) - 3 (6%) -
Building Materials - - 2 (4%) -
Chemicals - - 2 (4%) -
Communications 2 (6%) - 2 (4%) -
Energy Services and Equipment - - 2 (4%) -
Food 2 (6%) - 2 (4%) -
Information Technology 2 (6%) - 2 (4%) -
Manufacturing 2 (6%) - 2 (4%) -
Construction - - 1 (2%) -
Consumer Products 1 (3%) - 1 (2%) -
Education 1 (3%) - 1 (2%) -
Engineering 1 (3%) - 1 (2%) -
Franchising 1 (3%) - 1 (2%) -
Insurance 1 (3%) - 1 (2%) -
Internet Software and Services 1 (3%) - 1 (2%) -
Leisure 1 (3%) - 1 (2%) -
Marketing 1 (3%) - 1 (2%) -
Media 1 (3%) - 1 (2%) -
Real Estate 1 (3%) - 1 (2%) -
Restaurants 1 (3%) - 1 (2%) -
Total 31 - 54 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 30 (97%) - 51 (94%) -
  California 7 (23%) - 11 (20%) -
  Texas 5 (16%) - 6 (11%) -
  Florida 1 (3%) - 4 (7%) -
  Michigan 1 (3%) - 3 (6%) -
  New York 2 (6%) - 2 (4%) -
  New Jersey 2 (6%) - 2 (4%) -
  Utah 2 (6%) - 2 (4%) -
  Ohio 2 (6%) - 2 (4%) -
  Kentucky 1 (3%) - 2 (4%) -
  Kansas 1 (3%) - 2 (4%) -
  Iowa - - 2 (4%) -
  Tennessee - - 2 (4%) -
  North Carolina 1 (3%) - 1 (2%) -
  Missouri 1 (3%) - 1 (2%) -
  Minnesota 1 (3%) - 1 (2%) -
  Georgia 1 (3%) - 1 (2%) -
  Wyoming 1 (3%) - 1 (2%) -
  Washington 1 (3%) - 1 (2%) -
  Massachusetts - - 1 (2%) -
  Louisiana - - 1 (2%) -
  Idaho - - 1 (2%) -
  Wisconsin - - 1 (2%) -
  Oklahoma - - 1 (2%) -
Canada - - 2 (4%) -
  Ontario - - 1 (2%) -
  Alberta - - 1 (2%) -
United Kingdom 1 (3%) - 1 (2%) -
Domestic 30 (97%) - 51 (94%) -
Cross-border 1 (3%) - 3 (6%) -
Total 31 - 54 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Growth Capital 10 (32%) - 18 (33%) -
Buyout (LBO, MBO, MBI) 8 (26%) - 15 (28%) -
Consolidation 4 (13%) - 4 (7%) -
Divestiture 4 (13%) - 4 (7%) -
Secondary Buyout 1 (3%) - 4 (7%) -
Stake Purchase 3 (10%) - 3 (6%) -
Going Private 1 (3%) - 2 (4%) -
Recapitalization - - 2 (4%) -
Special Situations/Distressed - - 2 (4%) -
Total 31 - 54 -

Exits by Deal Type

Type Total # Value
Secondary Sale 5 (29%) -
Trade Sale 5 (29%) -
Trade Sale - Public Company 3 (18%) 850M (100%)
Unknown 3 (18%) -
Bankruptcy 1 (6%) -
Total 17 $850M

Top M&A Advisors

Financial Deals
Evercore Group
 1
Cavendish Corporate Finance LLP
 1
Waller Helms Advisors
 1
Legal Deals
Haynes and Boone
 6
Kirkland & Ellis
 2
Polsinelli PC
 1

Deal Values

sell # Total
$100M to $1B 1 $850M
TOTAL $850M
Largest NxEdge, Inc.
$850M (2021-11-05)

M&A Connections

Deals
Acquired from
Investor(s)
9%
5 (9%)
Strategic(s)
7%
4 (7%)
Exited to
Investor(s)
29%
5 (29%)
Strategic(s)
47%
8 (47%)

Investor Summary

Investor Type

Private Equity Firm

Size

Mega

PE Assets

7.0B USD

Established

2012

Specialist/Generalist

Generalist

Leadership

Conner Searcy

Co-Founder & Managing Partner

Chris Zugaro

Co-Founder & Partner

Blake Bonner

Partner

David Stinnett

Partner

Jonathan Nunnaley

CFO & CCO

FAQ

When was Trive Capital founded?

Trive Capital was founded in 2012.

What type of investor is Trive Capital?

Trive Capital is a private equity firm.

Where is Trive Capital headquartered?

Trive Capital is headquartered in Dallas, Texas.

How much capital does Trive Capital have under management?

Trive Capital has 7.0B USD under management.

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