Trive Capital Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Trive Capital has acquired 6 companies. It has also invested in 8 others.

Trive Capital’s most common sectors for investment areaerospace (9%) and transportation (9%) . The Firm’s most common investment types include growth capital (36%) and buyout (lbo, mbo, mbi) (32%). In total, Trive Capital has invested in 20 US states and 2 different countries.

In the last 3 years, Trive Capital has exited 4 companies. The Firm’s most common exit type is trade sale (50%). 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 Activity62
    • M&A Buy Activity48
    • M&A Sell Activity14
  • Total Sectors Invested 23
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 19
  • M&A Advisors 5

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 $250 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 10 250
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (4.0/yr) # 28 6 4 5 4 1 48
Sell (1.2/yr) # 8 2 2 1 1 - 14
vol $850M $850M
  62

Most Recent M&A

Company Date Value Type
Formula Wellness Management LLC 2024-03-18 - Buyout (LBO, MBO, MBI)
Dallas, Texas · www.formulawellnesscenter.com
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
Hypergiant Industries, Inc. 2023-08-22 - Growth Capital
Austin, Texas · www.hypergiant.com
Kittyhawk, Inc. 2023-01-26 - Growth Capital
Garden Grove, California · www.kittyhawkinc.com
HTeaO Franchising LLP 2023-01-10 - Stake Purchase
Midland, Texas · www.hteao.com
Forward Slope, Inc. 2022-11-30 - Growth Capital
San Diego, California · www.forwardslope.com
Wilson Electronics LLC 2022-08-18 - Secondary Buyout
St. George, Utah · www.wilsonelectronics.com
WDC Acquisition LLC 2022-08-01 - Secondary Sale
Creston, Iowa · www.wellmandynamics.com
BPS Supply Group 2022-03-22 - Growth Capital
Shafter, California · www.bpssg.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 3
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
Streamland Media 2018-08-31 SIM - Post Production Business 2021-04-07 2
Burbank, California · www.streamlandmedia.com Toronto, Ontario
Streamland Media 2018-08-31 Technicolor Post 2021-01-14 1
Burbank, California · www.streamlandmedia.com Los Angeles, California
NCSG Crane & Heavy Haul Corp. 2006-10-16 B&G Crane Service LLC 2019-03-01 1
Acheson, Alberta · www.ncsg.com Jefferson, Louisiana · www.bgcrane.com

M&A by Sector

Sector Current # Value All-time # Value
Aerospace 2 (6%) - 4 (8%) -
Defense 2 (6%) - 4 (8%) -
Healthcare Services 4 (13%) - 4 (8%) -
Transportation 2 (6%) - 4 (8%) -
Business Services 2 (6%) - 3 (6%) -
Metals/Mining 1 (3%) - 3 (6%) -
Automotive - - 2 (4%) -
Building Materials - - 2 (4%) -
Chemicals - - 2 (4%) -
Communications 2 (6%) - 2 (4%) -
Consumer Services 1 (3%) - 2 (4%) -
Energy Services and Equipment 2 (6%) - 2 (4%) -
Information Technology 2 (6%) - 2 (4%) -
Manufacturing 2 (6%) - 2 (4%) -
Media 2 (6%) - 2 (4%) -
Construction - - 1 (2%) -
Food 1 (3%) - 1 (2%) -
Franchising 1 (3%) - 1 (2%) -
Insurance 1 (3%) - 1 (2%) -
Internet Software and Services 1 (3%) - 1 (2%) -
Real Estate 1 (3%) - 1 (2%) -
Restaurants 1 (3%) - 1 (2%) -
Software 1 (3%) - 1 (2%) -
Total 31 - 48 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 29 (94%) - 46 (96%) -
  California 9 (29%) - 12 (25%) -
  Texas 6 (19%) - 7 (15%) -
  New Jersey 3 (10%) - 3 (6%) -
  Florida 1 (3%) - 3 (6%) -
  Michigan 1 (3%) - 3 (6%) -
  Kentucky 1 (3%) - 2 (4%) -
  Tennessee - - 2 (4%) -
  Iowa - - 2 (4%) -
  Georgia 1 (3%) - 1 (2%) -
  Wisconsin 1 (3%) - 1 (2%) -
  Washington 1 (3%) - 1 (2%) -
  Utah 1 (3%) - 1 (2%) -
  Oklahoma 1 (3%) - 1 (2%) -
  Ohio 1 (3%) - 1 (2%) -
  North Carolina 1 (3%) - 1 (2%) -
  Missouri 1 (3%) - 1 (2%) -
  Idaho - - 1 (2%) -
  Massachusetts - - 1 (2%) -
  Louisiana - - 1 (2%) -
  Kansas - - 1 (2%) -
Canada 2 (6%) - 2 (4%) -
  Ontario 1 (3%) - 1 (2%) -
  Alberta 1 (3%) - 1 (2%) -
Domestic 29 (94%) - 46 (96%) -
Cross-border 2 (6%) - 2 (4%) -
Total 31 - 48 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Growth Capital 12 (39%) - 17 (35%) -
Buyout (LBO, MBO, MBI) 10 (32%) - 15 (31%) -
Secondary Buyout 1 (3%) - 4 (8%) -
Divestiture 3 (10%) - 3 (6%) -
Recapitalization 1 (3%) - 3 (6%) -
Special Situations/Distressed - - 2 (4%) -
Stake Purchase 2 (6%) - 2 (4%) -
Consolidation 1 (3%) - 1 (2%) -
Going Private 1 (3%) - 1 (2%) -
Total 31 - 48 -

Exits by Deal Type

Type Total # Value
Secondary Sale 5 (36%) -
Trade Sale 4 (29%) -
Trade Sale - Public Company 3 (21%) 850M (100%)
Bankruptcy 1 (7%) -
Unknown 1 (7%) -
Total 14 $850M

Top M&A Advisors

Financial Deals
D.A. Davidson & Co.
 1
Waller Helms Advisors LLC
 1
Evercore Group
 1
Legal Deals
Haynes and Boone LLP
 5
Kirkland & Ellis
 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)
10%
5 (10%)
Strategic(s)
6%
3 (6%)
Exited to
Investor(s)
36%
5 (36%)
Strategic(s)
50%
7 (50%)

Investor Summary

Investor Type

Private Equity Firm

Size

Large

PE Assets

2.0B 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 2.0B USD under management.

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