M&A Deal Summary

Lovell Minnick Partners Acquires Trio Solution

On April 12, 2017, private equity firm Lovell Minnick Partners acquired financial services company Trio Solution

Acquisition Highlights
  • This is Lovell Minnick Partners’ 30th transaction in the Financial Services sector.
  • This is Lovell Minnick Partners’ 33rd transaction in the United States.
  • This is Lovell Minnick Partners’ 2nd transaction in North Carolina.

M&A Deal Summary
Date 2017-04-12
Target Trio Solution
Sector Financial Services
Buyer(s) Lovell Minnick Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Bray & Long (Legal)

Target

Trio Solution

Huntersville, North Carolina, United States
Trio Solution has provided a turnkey platform connecting medical providers, law firms, and patients seeking care. Trio’s provider solutions range from medical lien funding to revenue cycle management, helping healthcare providers manage their cash flow and working capital during the provision of care to patients in need. Trio Solution was founded in 2002 and is based in Huntersville, North Carolina.

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Buyer(S) 1

Buyer

Lovell Minnick Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 3.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Lovell Minnick Partners is a private equity firm that targets investments in financial services companies located in North America and Europe. Specific areas of interest include asset management, financial planning, financial product distribution, outsource providers, specialty finance, and related administration and business services companies. The Firm looks to commit $40 to $150 million of equity capital per investment. Prospective transaction situations include divestitures, management buyouts, growth capital financings, and recapitalizations. Lovell Minnick was formed in 1999 and is headquartered in Radnor, Pennsylvania.

DEAL STATS #
Overall 35 of 55
Sector (Financial Services) 30 of 37
Type (Buyout (LBO, MBO, MBI)) 19 of 25
State (North Carolina) 2 of 2
Country (United States) 33 of 50
Year (2017) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-21 Trea

Madrid, Spain

Trea manages traditional mutual funds across equities, fixed income, balanced, and fund of funds primarily sold through exclusive distribution partnerships with its bank partners and directly through its own branded funds. Trea is based in Madrid, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-20 CenterSquare

Plymouth Meeting, Pennsylvania, United States

CenterSquare is a global investment manager focused on actively managed public and private real estate strategies. CenterSquare manages investments for institutional investors and high net worth individuals throughout global markets and across public and private capital sectors. CenterSquare was founded in 1987 and is based in Conshohocken, Pennsylvania.

Buy -
Mergr

Product

Company

Legal