Trive Capital hired Tyrone Johnson as an operating partner to focus on evaluating investment opportunities in building products. Johnson also will work with Trive portfolio companies on growth initiatives. Johnson previously worked as chief executive officer of Select Interior Concepts, a publicly company that provides interior surface products for residential and commercial.
Press Release
Trive Capital (“Trive”), the Dallas, Texas based private equity firm is pleased to announce its renewed focus on the building products sector with the addition of Tyrone “Ty” Johnson as an Operating Partner. Mr. Johnson brings valuable sector expertise to the Operating Partner group and will assist Trive in evaluating investment opportunities in building products as well as engaging with Trive portfolio companies on value creation initiatives. Trive is targeting the building products sector for new investments and will be devoting resources to this sector, which the firm has a strong historical track record investing within.
Prior to joining Trive, Mr. Johnson served as Chief Executive Officer of Select Interior Concepts, a publicly traded leading provider of interior surface products for residential and commercial applications. Mr. Johnson also held the position of President, Omnimax North America, and prior to that was President of Amtico International, a private equity backed flooring manufacturer. Mr. Johnson spent the early part of his career at GE Capital in various product development, marketing, and business development roles. Mr. Johnson graduated from Howard University and received his M.B.A. from DePaul University.
Trive Partner Chris Zugaro commented “Ty is an industry leader with a demonstrated track record growing building products companies. His business acumen combined with years of developing rich and meaningful relationships makes him the ideal choice to work collaboratively with management teams both in the building products sector and outside of it. We are delighted to work with Ty once again.”
About Trive
Trive Capital is a Dallas, Texas based private equity firm managing approximately $2 billion in aggregate capital commitments. Trive focuses on investing equity and debt in what it sees as strategically viable middle-market companies with the potential for transformational upside through operational improvement. We seek to maximize returns through a hands-on partnership that calls for identifying and implementing value creation ideas.
The Trive team is comprised of seasoned investment professionals who have been involved in over 100 middle-market transactions representing in excess of $6 billion in revenue across Trive’s targeted industry sectors and situations.
Investment Criteria
Trive is industry-agnostic and situation specific, with substantive experience and relationships across a number of sectors. Our professionals have successfully deployed equity capital across a diverse set of manufacturing, distribution and value-add service verticals.
Acquisition Profile
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$40 million to $1.5 billion of revenues
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Invest $150 to $250 million of equity or debt per platform
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North American headquartered (overseas operations acceptable)
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Differentiated and diversified products or services
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At or near an inflection point in business life cycle
Situational Focus
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Transition planning for private or family businesses
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Under-resourced or in need of additional capital
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Corporate carve-outs or orphaned divisions
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Complex and special situations in out-of-favor, but protected niches
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Underperforming or operationally challenged businesses
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Take private of undersized public companies
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