Trinity Hunt Partners

What Trinity Hunt Partners does

Trinity Hunt Partners is a Dallas, Texas-based growth-oriented private equity firm founded in 1993 (as Hunt Capital), managing over $2 billion in assets across Funds III through VII, with Fund VII closing at $700 million in February 2024. The firm focuses on building market-leading B2B and B2C services companies in three verticals: business services, consumer services, and healthcare services, targeting founder and family-owned businesses with at least $10 million in revenue and $2 million in EBITDA. Equity hold sizes of $15-$70 million per investment are deployed through a buy-and-build platform strategy that has produced 32 platform investments and 190+ add-on acquisitions historically, with 30%+ average annual portfolio company revenue growth over the last 10 years.

The firm operates a differentiated operating model centered on a dedicated Value Creation Team (staffed with Bain, BCG, McKinsey, and Oliver Wyman alumni), the Exec+ program that partners experienced executives with Trinity Hunt's M&A resources to launch new platforms, and a Direct Sourcing Team for proprietary deal flow. Active portfolio companies span healthcare advisory (Acuvance), workforce services (Allvia), digital transformation (Argano), HVAC distribution (Averon Group) and HVAC services (NexCore), commercial paving (Sage Surface Partners), healthcare/life sciences marketing (Supreme Group), commercial landscaping (Visterra and Elevation Landscape Group), digital customer experience (Verndale and Craft), and economic consulting (Berger Consulting Group).

The firm's revenue model is traditional private equity fund management: management fees on committed/invested capital plus carried interest on realizations, supplemented by referral fees paid to intermediaries. The firm has been consistently named one of Inc. Magazine's Most Founder-Friendly Private Equity Firms (2020-2025) and ranked 10th worldwide on the HEC-Dow Jones Top Small-Cap Buyout Firms List 2024. Trinity Hunt's go-to-market is relationship-based and direct, relying on intermediary referrals, proactive outreach to founder-owned businesses, and an eFront-powered investor portal for LP relations. The firm is co-led by Senior Partners and Co-Founders Pete Stein and Dan Dross, with Blake Apel as Managing Partner.

Name

Trinity Hunt Partners

Legal name

Trinity Hunt Partners, L.P.

Website

http://www.trinityhunt.com

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

51–100 employees

Short description

Trinity Hunt Partners is a Dallas-based growth-oriented private equity firm managing over $2 billion in assets, focused on buy-and-build platform investments in founder and family-owned business, consumer, and healthcare services companies across the United States.

Ownership category

akta.pro rank

Product category

Private Equity / Buyout Fund Management

NAICS

Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282)

akta.pro primary industry

Venture Capital Fund-of-Funds / Multi-Manager Platforms (FSANAAAJ)

akta.pro secondary industry

Late-Stage Venture Capital (Series C+) (FSANAAAC)

Keywords

• Private equity investing
• Growth equity funds
• Buy-and-build strategies
• Middle market investing
• Founder-owned business partnerships

Headquarters

HQ city

Dallas

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Private Equity Fund Management Fees & Carried Interest: Trinity Hunt manages private equity funds (latest Fund VII closed at $700M in February 2024; total firm AUM over $2 billion) and earns management fees and carried interest (typically 2% management fee and 20% carry standard for the industry, implied). Equity hold sizes of $15-$70M with co-invest capability.
2. Portfolio Company Realizations & Exits: Returns generated through portfolio company exits via sale to strategic acquirers, other PE firms, or recapitalizations. Recent exits include sale of Aperture to Genstar Capital and exit of IMS Legal Strategies to Uplift Investors.

Go-to-market motion3 records

Distribution channels2 records

Marketing channels5 records

Core offering

Trinity Hunt Partners is a growth-oriented private equity firm that invests equity capital in founder and family-owned business services, consumer services, and healthcare services companies with $10M+ revenue and $2M+ EBITDA, holding equity positions of $15-$70M. The firm manages a series of flagship private equity funds (most recently Fund VII at $700M, total AUM over $2B) and supports portfolio companies through a Value Creation Team, the Exec+ executive partnership program, and a buy-and-build strategy that has produced 190+ add-on acquisitions across 32+ platform investments.

Product overview

Trinity Hunt Partners is a growth-oriented private equity firm that does not offer a single unified software product but rather operates a platform-plus-modules architecture where the core platform is its private equity investment and value creation engine (Exec+ executive partnership program, Value Creation Plans, and direct sourcing team) and the modules are its active portfolio companies and platforms. The firm builds and scales B2B and B2C services companies across healthcare, business services, and consumer services with over $2 billion in assets under management and over 22 years of investing history. Key portfolio platforms include Acuvance (healthcare advisory), Allvia (workforce services/HR and benefits administration), Argano (digital transformation and Oracle Cloud consulting), Averon Group (national HVAC distribution), Berger Consulting Group (economic consulting and dispute advisory), NexCore (commercial HVAC services), Sage Surface Partners (commercial paving), Springline (accounting and advisory), Supreme Group (AI-native healthcare and life sciences marketing with the Supreme Intelligence FDE+ platform), Visterra Landscape Group and Elevation Landscape Group (commercial landscaping), Herringbone Digital (digital marketing and SEO), and Verndale and Craft (digital customer experience), plus operating companies including Dataprise, Improving, Parallel ENT & Allergy Partners, Mainstreet Family Urgent Care, Unity MSK, Family Help & Wellness, and Rotorcraft Services Group. Trinity Hunt supports these portfolio companies through strategic, operational, and financial capabilities, providing active board-level involvement and leveraging its M&A resources to drive buy-and-build growth strategies.

Differentiator

Problem solved

Functional benefit

Products and services

• Trinity Hunt Flagship Private Equity Funds Closed-end private equity buyout funds (Funds III-VII) that invest equity capital of $15-$70M per transaction in founder and family-owned business services, consumer services, and healthcare services companies with $10M+ revenue and $2M+ EBITDA. Returns generated through management fees, carried interest, and portfolio company exits.
• Exec+ Executive Partnership Program
• Value Creation Services
• Direct Sourcing & Origination Services

Quantifiable outcome

• 190+ add-on acquisitions completed for THP Portfolio Companies
• +6 more outcomes

Named customers22 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability8 records

Feature3 records

Partnerships

22 partnerships are on record, tiered core, minor and flagship.

• Kirkland & Ellis LLPcoreImplementation/ SI/ Consulting PartnerLong-standing legal advisor to Trinity Hunt Partners. Served as legal advisor on Allvia/Melita Group platform formation, Berger Consulting Group investment, Elevation Landscape Group/Landscape Endeavors investment, and multiple other transactions. References as the firm's primary outside legal counsel across major platform investments.
• Willkie Farr & Gallagher LLPminorImplementation/ SI/ Consulting PartnerServed as legal advisor to Berger Consulting Group on the Trinity Hunt investment transaction closing in 2026.
• American Discovery Advisors LLCminorImplementation/ SI/ Consulting PartnerServed as financial advisor to Berger Consulting Group on the Trinity Hunt investment transaction closing in 2026.
• Paramax CorporationminorImplementation/ SI/ Consulting PartnerInvestment bank that served as exclusive M&A advisor on the sale of DWC Mechanical to NexCore and on the Kennedy Mechanical/Ryan Plumbing merger into NexCore platform. Local Rochester, NY firm facilitating Trinity Hunt portfolio company acquisitions.
• Harter Secrest & Emery LLPminorImplementation/ SI/ Consulting PartnerLaw firm that advised on the Kennedy Mechanical/Ryan Plumbing merger into NexCore platform. Local Rochester, NY legal advisor.
• AlantraminorImplementation/ SI/ Consulting PartnerAdvised Denovo Ventures (portfolio company of MC Partners) on its acquisition by Argano (backed by Trinity Hunt Partners) in Q1 2026. Accelerates Argano's leadership in the Oracle Ecosystem.
• Generational GroupminorImplementation/ SI/ Consulting PartnerAdvised Liberty Lawn & Landscaping Inc. on its sale to Visterra Landscape Group (Trinity Hunt portfolio company) with closing on December 1, 2025.
• Clearsight AdvisorsminorImplementation/ SI/ Consulting PartnerServed as the exclusive financial advisor to Stormloop Technologies in its acquisition by Argano, LLC (a portfolio company of Trinity Hunt Partners).
• Koltin Consulting GroupminorImplementation/ SI/ Consulting PartnerCEO Allan Koltin advised Springline Advisory and SD Mayer on their 2026 strategic partnership transaction.
• Melita GroupflagshipStrategic or Co-development PartnerFoundational investment for Allvia workforce services platform announced February 10, 2026. Melita Group is a human resources, benefits administration, and payroll provider headquartered in San Jose, California. Trinity Hunt will support Allvia with the strategic, operational, and financial expertise needed to accelerate growth through targeted organic initiatives and additional partnerships.
• Coker GroupflagshipStrategic or Co-development PartnerFoundational majority investment (March 2024) for healthcare advisory platform, since rebranded as Acuvance in September 2025. Coker offers performance transformation, transaction advisory, and compliance consulting to healthcare clients nationwide. Trinity Hunt supports growth through acquisitions, talent, and technology improvements with national footprint expansion.
• Berger Consulting GroupflagshipStrategic or Co-development PartnerFoundational investment announced March 5, 2026 to establish Trinity Hunt's economic consulting and dispute advisory platform. Founded in 2013, California-based; serves over 100 law firm clients. Gary Buckland (former CEO of Lexitas under Apax Partners) joined as CEO of the new platform.
• Blackhawk SupplyflagshipStrategic or Co-development PartnerFoundational majority investment (July 2025) for Averon Group national HVAC distribution platform. Hoffman Estates, Illinois-based specialty distributor of HVAC parts, MRO products, electrical supplies, plumbing parts, and building automation systems. Troy Vellinga (former CEO of American Equipment Supply) appointed CEO; Jason Lewis (former TurnPoint Services) appointed Chief Development Officer.
• DACS Asphalt & ConcreteflagshipStrategic or Co-development PartnerFoundational majority investment (July 2025) for Sage Surface Partners commercial paving services platform. Denver-based commercial paving company; platform later consolidated with Pavement Maintenance, Inc. in 2025.
• Supreme OptimizationflagshipStrategic or Co-development PartnerFoundational majority investment (March 2023) for Supreme Group healthcare and life sciences marketing platform. San Juan, Puerto Rico-based digital marketing agency serving the life sciences sector. Existing management team remained in leadership roles. Platform has since completed nine deals in 18 months including Amendola Communications, Health+Commerce, Nimble Works, and Vital Works.
• Landscape Endeavors, Inc.flagshipStrategic or Co-development PartnerFoundational investment (May 21, 2026) for Elevation Landscape Group, commercial landscaping platform serving the Western United States. Founded in 1997 by Ray Shorette and now led alongside his son Cory; based in Colorado Springs, Colorado. Provides commercial landscape maintenance, enhancements, installation, and critical winter services.
• FX AutomationminorStrategic or Co-development Partner2025 acquisition by NexCore commercial HVAC services platform (Trinity Hunt portfolio company); contributed to platform growth to 900+ employees across six operating hubs.
• VerndaleflagshipStrategic or Co-development PartnerStrategic partnership with Trinity Hunt Partners announced February 4, 2025 alongside Craft to build a comprehensive digital customer experience platform. Verndale is a digital experience agency. Trinity Hunt has over $2 billion in assets. Collaboration aims to expand service offerings, invest in talent, and strengthen client relationships.
• Visterra Landscape GroupflagshipStrategic or Co-development PartnerNational commercial landscaping platform operating across the US, ranked among top 30 largest landscape service providers in North America. Acquired Liberty Lawn & Landscaping Inc. (closing December 1, 2025). CEO Alan T. Handley leads the platform; Trinity Hunt partner Garrett Greer serves as Chairman.
• CraftflagshipStrategic or Co-development PartnerMajority investment alongside Verndale announced February 4, 2025 to build a comprehensive digital customer experience platform aimed at enhancing customer engagement through tailored digital solutions, with plans to expand via organic growth and strategic M&A.
• TNT DentalminorStrategic or Co-development PartnerDental marketing agency receiving Trinity Hunt investment in March 2025 to support digital marketing platform growth.
• REQflagshipStrategic or Co-development PartnerAcquisition (June 2023) as part of Trinity Hunt's strategy to build a scalable digital marketing platform. Washington, DC-based digital marketing and advertising company founded in 2008. Combined with Exclusive Concepts and Highnoon for Herringbone Digital platform.

Scale indicators12 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Gauge Capital: Dallas-based, lower middle market PE firm focused on services and consumer companies with buy-and-build strategies. Directly comparable to Trinity Hunt in geography, fund size, and sector focus.
• Sterling Group: Houston-based lower middle market PE firm with services and industrial focus and a buy-and-build platform model. Comparable in size, approach, and Texas-rooted origin.
• NewSpring Capital: Lower middle market PE firm with a services-focused buy-and-build platform approach. Comparable in fund size and focus on founder/family-owned businesses.
• Wynnchurch Capital: Lower middle market PE firm targeting business services and consumer services companies in the $15–$70M equity range. Operates buy-and-build platform strategies similar to Trinity Hunt.
• Cornell Capital: Lower middle market PE firm focused on business and consumer services with founder-friendly positioning. Comparable deal sizes, sector focus, and relationship-driven sourcing.
• Trive Capital: Dallas-based lower middle market PE firm with services sector focus and dedicated operating/value creation resources. Comparable fund size and sector mandate to Trinity Hunt.
• Gridiron Capital: Lower middle market PE firm focused on business services, consumer services, and healthcare services with buy-and-build approach. Highly comparable mandate and deal size to Trinity Hunt.

Broad incumbents

• L Catterton: Largest consumer-focused PE firm globally with services-adjacent holdings. Broader mandate and larger fund size, but overlapping interest in consumer services and brand-driven businesses.
• Apax Partners: Global PE firm that acquired Lexitas, a former Trinity Hunt portfolio company. Overlapping services and healthcare interest but operating at meaningfully larger scale.
• Genstar Capital: Larger middle market PE firm that acquired Trinity Hunt's portfolio company Aperture. Comparable sector overlap in services and healthcare but with significantly larger fund vehicles.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/trinity-hunt-partners

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries23 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A21 records

Investments12 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Trinity Hunt Partners