Tri Star Industrial (“Tri Star”), a portfolio company of Mill Hill Capital (“Mill Hill”) and AFM Capital Partners, was acquired by Venturi Supply (“Venturi”), a portfolio company of Trive Capital (“Trive”).
The Industrials Investment Banking practice of Kroll served as the exclusive financial advisor to Tri Star in connection with the transaction.
Since 1994, Tri Star Industrial has been a preferred supplier of industrial pipe, valves and fittings for the mining, mechanical, utility & construction industries in the Southwest. Tri Star has earned a reputation for rapid responses, high-quality service with short lead times and the ability to offer customers a sales team with decades of industry experience.
Mill Hill Capital is a multi-family private investment firm focused on acquisitions, recapitalizations, and founder liquidity events in lower-to-middle-market companies. Mill Hill’s unique investor base of family offices enables the firm to focus on long-term value creation and allows management teams to make decisions without the trade-offs associated with shorter-term investment horizons. Mill Hill provides the bridge for family offices and limited partners to invest directly into companies rather than funds. Mill Hill’s team of experienced operational managers assist in driving value for each investment, spanning 50 years of investing and operational experience in aviation, aerospace, automotive, building products, medical products and distribution.
AFM Capital Partners is a team of seasoned investors and experienced private equity operators with an entrepreneurial spirit. It provides capital, financial experience and operating expertise to middle-market companies and firms that seek to make long-term majority investments and partner with management teams.
Headquartered in Phoenix, Arizona, with 42 locations across the U.S., Venturi Supply is a distributor of pipe, valves, fittings, engineered products, and industrial supplies serving end users across a variety of mission-critical end markets. Venturi's family of brands serve customers primarily across the Industrial & Commercial, Fire Protection & Life Safety and Energy & Infrastructure segments:
Trive Capital is a Dallas, Texas-based private equity firm with more than $4 billion of regulatory assets under management. 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. They seek to maximize returns through a hands-on partnership that calls for identifying and implementing value creation ideas.
The Trive Capital team is comprised of seasoned investment professionals who have been involved in over 100 middle-market transactions representing more than $6 billion in revenue across Trive's targeted industry sectors and situations.
M&A advisory, restructuring and insolvency, debt advisory, strategic alternatives, transaction diligence and independent financial opinions.
Kroll’s investment banking practice has extensive experience in M&A deal strategy and structuring, capital raising, transaction advisory services and financial sponsor coverage.
Technology expertise for middle-market M&A transactions.