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.
About Tri Star Industrial
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.
About Mill Hill Capital
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.
About AFM Capital
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.
About Venturi Supply
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:
- BPS Supply Group, a Bakersfield, CA-based distributor of PVF and engineered products into industrial, commercial, food and beverage processing, and energy markets across the Western U.S., Texas and North Dakota
- Producers Supply Company, an independent industrial supplies distributor based in Waynesburg, PA, serving the energy, infrastructure, and manufacturing sectors within the Appalachia, Bakken, and Mid-Continent regions
- Tri Star Industrial, a Phoenix, AZ-based distributor of industrial pipe, valves, and fittings serving the Western and the Southwestern U.S.
- Ameripipe Supply, a Dallas, TX-based value-added designer, fabricator, and distributor of pipe, valves and system components installed in fire protection systems, serving customers in the Southern and Southeastern U.S.
- Industrial & Construction Enterprises, a Washington, NC-based distributor of PVF, industrial supplies, and safety products serving the Southeastern U.S.
- Albuquerque Pipe & Pump Supply, an Alburquerque, NM-based distributor of PVF and other industrial products serving the mechanical, semiconductor, waterworks, pulp and paper, and utility sectors in the Southwestern U.S.
About Trive Capital
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.
