Trivest Partners, L.P. is a private equity

Private equity

Private equity, in finance, is an asset class consisting of equity securities in operating companies that are not publicly traded on a stock exchange....

 firm focusing on partnering with founder and family-owned businesses. Trivest is the oldest private equity

Private equity

Private equity, in finance, is an asset class consisting of equity securities in operating companies that are not publicly traded on a stock exchange....

 firm in the Southeast U.S., founded in 1981, and is headquartered in Miami, Florida

Miami, Florida

Miami is a city located on the Atlantic coast in southeastern Florida and the county seat of Miami-Dade County, the most populous county in Florida and the eighth-most populous county in the United States with a population of 2,500,625...

. The firm focuses specifically on investments in the niche manufacturing, consumer products, business services, and franchisor industries. Among the firm’s most notable current and prior investments are DirectBuy

DirectBuy

DirectBuy is a membership buying service with over 130 locations in the United States and Canada. It is headquartered in Merrillville, Indiana. It claims that it is the largest franchiser of members-only consumer buying centers in North America...

, Directed Electronics

Directed Electronics, Inc.

Directed Electronics, Inc. , often abbreviated DEI, is a producer of car security and audio products, including Viper car alarms and accessories. It is a subsidiary of DEI Holdings.-History:...

, Twinstar International

Twinstar

Twinstar may refer to:*Diamond DA42 Twin Star, a light twin-engine aircraft built by Diamond Aircraft*Eurocopter AS355 TwinStar, a twin-engine light helicopter originally manufactured by Aérospatiale...

, ATX Networks, Allegiance Security Group, AM Conservation, Endeavor Telecom, Onepath Systems, Herbal Magic

Herbal Magic

Herbal Magic is a Canadian weight loss and nutrition company based in Toronto, Ontario. Operating through a network of approximately 300 weight loss and nutrition centres across Canada, Herbal Magic is Canada's largest commercial weight loss company...

, Aero Products International (makers of the Aero Bed) and Sun Pharmaceuticals

Sun Pharmaceuticals

Sun Pharmaceutical is an international pharmaceutical company based in Mumbai, India. It should not be confused with Sun Pharmaceuticals Corp, which is a manufacturer of sun care products, owned by the Playtex branch of Energizer Holdings.Sun Pharmaceutical, often known just as Sun Pharma, makes...

 (Banana Boat brand).

Overview

The Trivest team consists of 11 investment professionals led by Managing Partner Troy D. Templeton. Troy joined the firm in 1989 and plays a key leadership role in Trivest's buyout activities, investment sourcing, resource allocation, portfolio oversight and firm administration. For over a decade, he has led the origination, structuring and financing dozens of acquisitions. Jamie Elias and Chip Vandenberg are also Partners of Trivest. Jamie and Chip joined the firm in 1997 and 1987, respectively, and both have executed numerous transactions and sit on the boards of multiple companies.
Trivest was an early entrant to the leveraged buyout space in the early 1980s

Private equity in the 1980s

Private equity in the 1980s relates to one of the major periods in the history of private equity and venture capital. Within the broader private equity industry, two distinct sub-industries, leveraged buyouts and venture capital experienced growth along parallel although interrelated tracks.The...

 and has completed investments in over 150 companies representing over $4.0 billion in value since its founding. Since its inception in 1981, Trivest has raised four institutional private equity fund

Private equity fund

A private equity fund is a collective investment scheme used for making investments in various equity securities according to one of the investment strategies associated with private equity....

s, with total investor commitments of approximately $1.0 billion, dedicated to leveraged buyout

Leveraged buyout

A leveraged buyout occurs when an investor, typically financial sponsor, acquires a controlling interest in a company's equity and where a significant percentage of the purchase price is financed through leverage...

investments in founder- and family-owned middle market companies. Trivest is currently actively investing from Trivest Fund IV, raised in July 2008 with commitments in excess of $325 million.