Trilantic North America

What Trilantic North America does

Trilantic North America is a privately-held middle-market private equity firm headquartered at 399 Park Avenue in New York, formed in April 2009 when five founding partners acquired Lehman Brothers Merchant Banking from the estate of Lehman Brothers with the support of Reinet Investments S.C.A. (Johann Rupert's Luxembourg-listed vehicle, which holds a 49% stake in the management company). The firm operates through Trilantic Capital Management L.P., a Delaware limited partnership, and employs 32 investment and administrative professionals.

The firm invests control and significant minority equity (typically 20%+) of $100-$300 million per transaction in North American companies with enterprise values of $100 million to $1.5 billion, across business services, consumer, and energy sectors. It executes growth equity, recapitalizations, de novo platforms, generational transitions, and management buyouts through a series of private equity funds. Aggregate capital commitments stand at approximately $11 billion across seven funds, including Trilantic Capital Partners V North America ($2.2 billion, 2013), Trilantic Capital Partners VI North America ($2.75 billion at hard cap, 2019), and Trilantic Energy Partners II ($437 million). In 2021 the energy team was spun out as Greenbelt Capital Partners, and beginning with Fund VII, upstream oil, gas, and coal were excluded from the mandate in favor of energy-transition investments.

Trilantic generates revenue through management fees on committed capital under management and performance-based carried interest from portfolio company realizations (e.g., Fortitech, Implus, Home Franchise Concepts, Addison Group). The firm sources investments through proprietary founder and entrepreneur networks and operates the Founders Council (est. 2021, chaired by Lisa Hook) and a Tuck School of Business partnership to support portfolio CEOs and cultivate talent. Notable active and realized investments include IntouchCX, Implus, Traeger Pellet Grills, Home Franchise Concepts, Gorilla Commerce, Rarebreed Veterinary Partners, WebFX, Quickparts, Addison Group, RoadSafe Traffic Systems, Taymax, Asset Living, USI, Sunbelt Transformer, and SemaConnect.

Name

Trilantic North America

Legal name

Trilantic Capital Management L.P.

Website

https://trilanticnorthamerica.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

Trilantic North America is a New York-based middle-market private equity firm that invests $100-$300 million in control and significant minority positions across business services, consumer, and energy-transition companies in North America, managing approximately $11 billion across seven funds.

Ownership category

akta.pro rank

Product category

Private Equity Investment Management

NAICS

Portfolio Management and Investment Advice (523940), Management of Companies and Enterprises (55111)

SIC

Services-Management Consulting Services (8742)

akta.pro primary industry

Strategic Partnerships, Alliances & JVs Advisory (BPAHADAI)

Keywords

• Private equity investing
• Middle market buyouts
• Growth equity capital
• Founder-led investments
• Control investments

Headquarters

HQ city

New York

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, Infrastructure

Revenue model

1. Management Fees: Private equity firm generates revenue through management fees charged on committed capital under management across its fund families.
2. Carried Interest: Performance-based carried interest from successful portfolio company exits and realizations.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Trilantic North America is a private equity firm that partners with founders, families, and operators of dynamic companies, typically investing $100 to $300 million of equity as control or significant minority (20%+) owners. The firm focuses on companies with enterprise values of $100 million to $1.5 billion in the business services, consumer, and energy sectors across North America, executing growth equity, recapitalizations, de novo platforms, generational transitions, and management buyouts.

Product overview

Trilantic North America is a private equity firm offering investment management services through multiple fund families. The firm provides equity investments typically ranging from $100 to $300 million to companies with enterprise values of $100 million to $1.5 billion, focusing on business services, consumer, and energy sectors. Services include control and significant minority positions, growth equity, recapitalizations, and management buyouts. The firm manages approximately $11 billion in aggregate capital commitments across seven funds.

Differentiator

Problem solved

Functional benefit

Products and services

• Trilantic North America Private Equity Funds
• Portfolio Investment Management Services

Quantifiable outcome

• Tripled business in less than 3 years - IntouchCX grew from 6 to 18 sites, adding 8,000 employees
• +3 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core.

• Founders Council MemberscoreStrategic or Co-development Partner · 1 May 2021Advisory council providing strategic guidance and support to leaders of founder- and family-owned businesses, with specific focus on female entrepreneurs. Includes Lisa Hook (Chair), Dr. Punam Keller, and leaders from portfolio companies. Network for sharing best practices for scaling businesses.
• Tuck School of Business at Dartmouth CollegecoreStrategic or Co-development Partner · 1 April 2021Partnership to launch Executive Education Program dedicated to empowering the next generation of female private markets leaders. Program focuses on cultivating diverse talent pipelines and fostering inclusive and equitable workplace environments in private markets.
• Greenbelt Capital PartnerscoreStrategic or Co-development Partner · 1 January 2021Energy team formed Greenbelt Capital Partners as a separate entity focused on energy transition investments. Trilantic Energy Partners II North America spun out with $437 million raised. Beginning with Fund VII North America, investments in upstream energy (oil, gas, coal) are excluded.

Scale indicators7 records

Recent moves7 records

Expansion highlights3 records

Direct peers

• New Mountain Capital: Growth-oriented middle-market private equity firm investing in business services, consumer, and healthcare with similar control/minority flexibility and similar fund sizes to Trilantic.
• Stone Point Capital: Middle-market private equity firm investing in business services and financial services companies with control and significant minority structures; a close analog given Trilantic's business services emphasis and founder-friendly approach.
• Court Square Capital Partners: Middle-market private equity firm investing in business services, consumer, and healthcare with founder-led and family-owned business focus at comparable check sizes.
• JLL Partners: Healthcare- and services-focused middle-market private equity firm with control investments and founder partnership orientation, an analogous sector-thematic mid-market sponsor.
• Olympus Partners: Stamford-based middle-market private equity firm focused on consumer products, business services, and industrials with founder-friendly deal structures, similar to Trilantic's portfolio mix.
• Madison Dearborn Partners: Chicago-based mid-market private equity firm investing across business services, consumer, and financial services with control investments, directly comparable to Trilantic's strategy and check size.
• Audax Group: Middle-market private equity and mezzanine investor focused on building leading middle-market companies through add-on acquisitions, comparable to Trilantic's Implus-style buy-and-build playbook.
• Sun Capital Partners: Mid-market private equity investor focused on consumer and business services companies, often partnering with founder-led businesses in similar transaction types as Trilantic (recaps, growth equity, buyouts).
• Centerbridge Partners: Multi-strategy alternative asset manager with control buyouts in business services and consumer, overlapping with Trilantic's mandate and partner-led operating model.
• Welsh, Carson, Anderson & Stowe: Established middle-market private equity firm with sector concentration in business services, healthcare, and technology; comparable fund sizes, control structure, and operating value-add approach.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/trilantic-capital-partners

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

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

M&A7 records

Investments45 records

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

Frequently asked questions about Trilantic North America