Triartisan Capital Advisors

What Triartisan Capital Advisors does

Triartisan Capital Advisors LLC is a middle-market private equity firm that invests and manages capital on behalf of institutional limited partners including sovereign wealth funds, alternative asset managers, and family offices. The firm was formed in 2016 as the successor to TriArtisan Capital Partners, which was founded in 2002 by Gerald Cromack and Rohit Manocha. TriArtisan targets companies with $25-300 million of EBITDA across retail/consumer, business and professional services, industrial, media, and healthcare, executing leveraged buyouts, growth equity investments, spin-offs, carve-outs, roll-ups, recapitalizations, and restructurings. Its revenue model is the standard PE two-stream structure: recurring management fees on committed capital and performance-based carried interest above hurdle rates, with pricing negotiated individually with institutional LPs rather than published.

The firm's current portfolio is concentrated in branded consumer and services businesses: Denny's Corporation (acquired January 2026 for $620 million via consortium with Treville Capital Group and Yadav Enterprises), P.F. Chang's China Bistro (2019), EnergySolutions (escalated from 2018 minority to 2021 majority, with sale to ECP announced April 2026), Mears Transportation Group (2018), and C3/creating Culinary Communities (2021 investment). Realized investments include TGI Fridays (2014), Form Technologies (2015), Hooters of America (2019), and historical holdings such as Caesars Entertainment, Claire's, Lord & Taylor, and Sur la Table. The firm cites a competitive advantage rooted in a network of 50+ affiliated senior operating executives and deep industry relationships of its investment professionals, supported by approximately 11-50 employees operating from a West Palm Beach, Florida headquarters (relocated from New York in December 2025). TriArtisan has no disclosed technology platform, proprietary AI tooling, or productized offering beyond its investment management franchise.

Name

Triartisan Capital Advisors

Legal name

TriArtisan Capital Advisors LLC

Website

https://triartisan.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

Triartisan Capital Advisors is a middle-market private equity firm that invests in companies with $25-300 million EBITDA across consumer, industrial, services, media, and healthcare, deploying capital from sovereign wealth funds, alternative asset managers, and family offices.

Ownership category

akta.pro rank

Product category

Private Equity Investment Management

NAICS

Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282)

akta.pro primary industry

Institutional Consultants & Fiduciary Management (Investment Consulting) (FSAAAGAJ)

akta.pro secondary industries

Institutional Capital Introduction (LP/Family Office/Endowment Matching) (FSAEALAI), Corporate Finance & Capital Advisory (BPAHADAB)

Keywords

• Middle-market private equity
• Leveraged buyouts investing
• Institutional capital management
• Portfolio company management
• Growth equity 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

Revenue model

1. Management Fees: Private equity management fees charged on committed capital from institutional investors including sovereign wealth funds, alternative asset managers, and family offices.
2. Carried Interest: Performance-based carried interest earned on investment returns above hurdle rates, aligning investor and manager interests.

Go-to-market motion1 record

Core offering

Triartisan Capital Advisors invests and manages private equity capital sourced from institutional investors, targeting middle-market companies with $25-300 million in EBITDA across retail/consumer, business and professional services, industrial, media, and healthcare sectors. The firm deploys flexible institutional capital for leveraged buyouts, growth equity investments, spin-offs, carve-outs, roll-ups, recapitalizations, and restructurings, partnering with management teams to drive returns.

Product overview

TriArtisan Capital Advisors is a private equity firm offering investment management services. The firm provides flexible institutional capital for leveraged buyouts, growth equity investments, spin-offs, carve-outs, roll-ups, recapitalizations, and restructurings. Their portfolio consists of current investments including Denny's Corporation (restaurant chain), P.F. Chang's (Asian cuisine chain), EnergySolutions (nuclear services), Mears Transportation (transportation services), and C3 (food technology platform). Past realized investments include TGI Fridays, Hooters of America, Caesars Entertainment, Claire's, Lord & Taylor, Sur la Table, and others. The firm partners with high-quality management teams to support portfolio companies in driving returns.

Differentiator

Problem solved

Functional benefit

Products and services

• Denny's Corporation Iconic American diner brand with a large, predominantly franchised footprint, offering a value-oriented menu with a simple, highly repeatable operating model. Acquired by Triartisan in January 2026.
• P.F. Chang's China Bistro Globally recognized Asian cuisine restaurant brand known for authentic made-from-scratch Asian cuisine with focus on high-quality, fresh ingredients, and wok-trained chefs, operating more than 200 company-owned restaurants and over 90 franchised locations globally.
• EnergySolutions International nuclear services company and industry leader in the safe recycling, processing and disposal of nuclear material, providing integrated services across the full nuclear fuel lifecycle.
• Mears Transportation Group Transportation services provider in Orlando offering shared ride shuttle, luxury transportation, taxi, charter, and cruise transport services, operating over 600 taxicabs, 70 shuttle vans, 300 luxury vehicles, and 220 motor coaches.
• C3 (Creating Culinary Communities) Cutting-edge, tech-enabled food and beverage platform founded by Sam Nazarian, offering an array of limited service culinary brands including Umami Burger, Krispy Rice, Sam's Crispy Chicken, Kumi, Sa'Moto, Ella Mia, Cicci di Carne, El Pollo Verde, and Plant Nation, focused on food halls, ghost kitchens, and mobile delivery.
• Private Equity Investment Services Private equity capital investment and management services targeting investments in companies with EBITDA of $25-300 million across multiple industries including Retail/Consumer, Business and Professional Services, Industrial, Media, and Healthcare. Triartisan provides flexible institutional capital for leveraged buyouts, growth equity investments, spin-offs, carve-outs, roll-ups, recapitalizations, and restructurings, partnering with high-quality management teams to drive differentiated returns.

Named customers4 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered strategic and minor.

• C3 (Creating Culinary Communities)strategicStrategic or Co-development Partner · 1 September 2021TriArtisan invested $10 million in C3's $80 million Series B round. Partnership brings C3's virtual brands into TriArtisan restaurants as delivery-only offerings, expanding kitchen utilization and revenue potential.
• Reef TechnologyminorStrategic or Co-development Partner · 20 August 2021Ghost kitchen provider that co-invested in C3's Series B funding round, partnering on virtual kitchen concepts.

Scale indicators4 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• KKR & Co. Global PE firm with comparable consumer/retail and industrial investment verticals; overlaps in restaurant, services, and industrial buyouts and competes for the same middle-market deals and institutional LP capital.
• TPG Capital: Diversified PE manager active in middle-market buyouts, growth equity, and restructurings across consumer and services; operates at a much larger scale but addresses the same institutional LP demand and target EBITDA range as TriArtisan.
• Apollo Global Management: Large alternative asset manager with PE funds that execute middle-market buyouts across consumer and industrial sectors; overlaps TriArtisan's investment criteria and LP base, but at materially larger scale.
• Bain Capital: Global private equity firm with deep consumer/retail and industrial expertise; comparable in sector coverage and middle-market deal orientation, though at a meaningfully larger AUM.

Direct peers

• L Catterton: Consumer-specialist PE firm investing across restaurant, beauty, and retail brands; directly comparable to TriArtisan's consumer/restaurant portfolio orientation and middle-market focus.
• Centre Partners: Middle-market PE firm focused on consumer, retail, and services buyouts with EBITDA profiles comparable to TriArtisan's $25-300M target; similar deal size and institutional LP structure.
• Sycamore Partners: Consumer- and retail-focused PE firm pursuing buyouts and restructurings of brand-led businesses; comparable investment thesis around operational improvement in legacy consumer/retail companies with franchise models.
• Roark Capital: Restaurant- and consumer-focused PE firm; both TriArtisan and Roark concentrate capital on franchised multi-unit restaurant brands (Roark owns Inspire Brands, Subway, Buffalo Wild Wings) — directly comparable strategy in the same sub-sector.
• Brentwood Associates: Middle-market PE firm specializing in consumer, retail, and services; closely matches TriArtisan's middle-market consumer/retail orientation and company-size focus.
• Welsh, Carson, Anderson & Stowe: Middle-market PE firm with a long-tenured partnership model and comparable focus on consumer/business services buyouts; similar institutional LP structure and team-size profile to TriArtisan.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/triartisan

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

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

M&A4 records

Investments5 records

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

Frequently asked questions about Triartisan Capital Advisors