Prior to joining Trive, Mr. Lenahan was a Vice President at Insight Equity. At Insight, he sourced, executed, and managed investments in the Aerospace & Defense and Specialty Electronics industries, and was also involved in deal execution and operations for investments across a variety of industries including Automotive, Consumer Products, and Distribution. Prior to joining Insight Equity, he was an Associate at Arcapita and an Associate in the investment banking division of SunTrust Robinson Humphrey. Mr. Lenahan has also served as an active duty officer in the United States Air Force. He has an MBA from Harvard Business School and a BS in Management from the United States Air Force Academy.
“We are fortunate to attract to Trive a colleague whom we have known for years. Dan is an exceptional talent, and with our accelerated pace of investment and operational activity, he is a critical addition to the team,” said Conner Searcy, Managing Partner of Trive Capital.
In July of 2013, Trive Capital held a final closing of Trive Capital Fund I LP (Fund I) with $300 million of capital commitments. Fund I reached its hard-cap in five months and was oversubscribed from its initial $250 million target. Trive has already acquired three companies for Fund I. In September 2012 the firm acquired Southern Towing, an inland tank barge operator based in Memphis (www.southerntowing.net). In December 2012, Trive acquired Precise Packaging, a manufacturer of pressurized spray products based in Fall River, MA (www.precisepackaging.com). In February 2013, Trive acquired Huron, a supplier of tubular assemblies and other machined products for the automotive industry based in Lexington, MI (www.huroninc.com).
Trive Capital invests from $10 million to $60 million in North America headquartered companies with revenues of $30 million to $500 million. Sectors of interest include automotive & transportation; aerospace & defense; building products; construction & infrastructure; consumer goods; energy services; healthcare; manufacturing and industrials; chemicals; distribution; business & professional services; and communications. The firm as founded in 2012 by Conner Searcy, Managing Partner, and Chris Zugaro, Partner. Trive Capital is based in Dallas (www.trivecapital.com).
© 2014 PEPD • Private Equity’s Leading News Magazine • 1-23-14