M&A Deal Summary

Trive Capital Acquires empower

On February 4, 2022, private equity firm Trive Capital acquired healthcare services company empower

Acquisition Highlights
  • This is Trive Capital’s 4th transaction in the Healthcare Services sector.
  • This is Trive Capital’s 37th transaction in the United States.
  • This is Trive Capital’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2022-02-04
Target empower
Sector Healthcare Services
Buyer(s) Trive Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

empower

Eagan, Minnesota, United States
empower is a Medicaid-managed care organization serving high-acuity behavioral health and intellectual & developmental disability beneficiaries in Arkansas. Through its dedicated care coordinators, Empower provides a high-touch and members-first approach to managing the physical, behavioral health, and specialized developmental disability services for its beneficiaries. empower was founded in 2017 and is based in Eagan, Minnesota.

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Buyer(S) 1

Buyer

Trive Capital

Dallas, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2012
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

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.

DEAL STATS #
Overall 39 of 54
Sector (Healthcare Services) 4 of 5
Type (Buyout (LBO, MBO, MBI)) 13 of 15
State (Minnesota) 1 of 1
Country (United States) 37 of 51
Year (2022) 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-01 Allcat Claims Service

San Antonio, Texas, United States

Allcat Claims Service is a total solution provider for all of your insurance claims needs. We can handle all aspects of your claims process, including initial calls received during normal business hours as well as weekends, after hours and emergency call centers. Allcat Claims Service was founded in 2000 and is based in San Antonio, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-16 Systems Innovation Engineering

Mullica Hill, New Jersey, United States

Systems Innovation Engineering provides defense suppliers with strategic solutions that transform product development, manufacturing, and sustainment efficiency and effectiveness. Through technical capabilities and decades of expertise, SIE is committed to working with suppliers to drive value and improve supply chain reliability for critical defense technologies. Systems Innovation Engineering was formed in 2017 and is based in Mullica Hill, New Jersey.

Buy -
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