Trive Capital Forms Cascade Services to Partner with Market-Leading Brands in the Home Services Sector
December 25, 2022
Trive Money (“Trive”), the Dallas-primarily based private equity agency, is fired up to announce the modern formation of Cascade Services (“Cascade”). Cascade was shaped as a result of a partnership in between Trive, LP First Capital, and an experienced management staff to pursue acquisition prospects in the household HVAC, plumbing, and electrical solutions sector. To day, Cascade has concluded four acquisitions in the state of Florida with a household of brand names which includes Mid-Fla Heating & Air, Air Boca, Aztil Air Conditioning, and Intense Air & Electrical.
“Cascade has a strong standing for providing significant-excellent service to its residential shoppers. We are fired up to husband or wife with Cascade to establish an field-top tri-trade providers platform,” Trive Capital Managing Director Eric Hsu stated.
In forming Cascade, Trive has partnered with a proficient crew that incorporates Main Executive Officer Tyrone “Ty” Johnson, who formerly served as a Trive Operating Husband or wife and as Chief Government Officer of Find Interior Concepts, a publicly traded leading service provider of interior surface products and solutions for residential and professional applications.
“I am thrilled to after again partner with the Trive group as we make a differentiated residence services platform. Acquiring the methods, resources and course of action that empower compact companies to develop quickly has been a hallmark of my vocation. I glimpse ahead to top this new system and doing work together with our business device operators to attain achievement alongside one another,” Ty Johnson claimed.
“We are delighted to be teaming up with Ty once more,” commented Chris Zugaro, Associate at Trive Capital. “His track report in scaling corporations blended with his deep, meaningful interactions in the sector will placement Cascade, its crew, and its customers for ongoing good results as we invest in add-on acquisitions and inner initiatives.”
Cascade is actively trying to find insert-on possibilities in the residential HVAC, plumbing, and electrical solutions area.
About Cascade Providers
Cascade Services is a premier household tri-trade companies system. Cascade was started to companion with market place-leading HVAC, plumbing, and electrical contractors with greatest-in-course household service specialists across the Southern United States. Cascade strives to be the most well-liked acquirer for loved ones-owned business operators, the best employer to its crew associates, and to present planet-course support to its household buyers.
About LP Initial Funds
LP First Money is a private financial investment agency with experience producing super-regional and nationwide platforms by leveraging its skills in mergers and acquisitions, profit heart integration, and group making to push effectiveness. Headquartered in Austin, TX, LP Very first Cash maintains an lively existence in substantially of the Southwest, Southeast, and Midwest marketplaces as it proceeds to acquire desire in making finest-in-course organizations in just usually fragmented industries.
About Trive Cash
Trive Cash is a Dallas, Texas centered non-public fairness business with extra than $4 billion of regulatory property under management. Trive focuses on investing fairness and personal debt in what it sees as strategically practical middle-market providers with the possible for transformational upside by way of operational advancement. We seek to maximize returns by a hands-on partnership that calls for figuring out and utilizing worth development suggestions.
The Trive workforce is comprised of seasoned investment decision specialists who have been associated in above 100 center-market place transactions representing in excess of $6 billion in income throughout Trive’s qualified field sectors and conditions.