Trivest Partners completed the sale of its portfolio company Total PowerGen Solutions to Audax Private Equity. Total Power is a provider of commercial and industrial power generation solutions in Canada, operating 17 facilities. Terms were not disclosed.
Audax Private Equity acquired Total PowerGen Solutions (TPGS), a provider of power generation solutions based in Mississauga, Ontario, from Trivest Partners. The deal was announced on September 10, 2024.
Thermal Concepts, a portfolio company of Trivest Partners and Halmos Capital, acquired Irvine Mechanical, an Orlando-based HVAC maintenance and installation services provider for commercial and industrial customers.
OMERS Private Equity acquired TurnPoint Services, a provider of residential HVAC, plumbing and electrical services, from Trivest Partners. Terms were not disclosed.
Innovative Foodservice Group (IFG), a portfolio company of Trivest Partners, acquired JES Restaurant Equipment, Inc., a South Carolina-based foodservice equipment distributor. This is IFG's second acquisition as a Trivest portfolio company.
GAL Power Systems, an Ottawa-based provider of critical power and temperature control solutions, has been acquired by Florida-based private equity firm Trivest Partners. The deal includes a recapitalization to accelerate growth and expansion into the U.S.
Trivest Partners recapitalized GAL Power Systems, a Canadian provider of commercial and industrial generator sets and climate control systems, marking the first platform investment of Trivest Fund VI. The transaction was announced on August 21, 2018.
Dauenhauer Plumbing, a portfolio company of Trivest Partners, acquired Fayette Heating & Air, a provider of HVAC and plumbing services in Lexington, KY. The acquisition was announced on June 1, 2018.
BJ Beltram, a portfolio company of Trivest Partners, acquired Louis Wohl & Sons, a Tampa-based foodservice equipment and supplies dealer. The acquisition was announced on May 14, 2018.
Trivest Partners announced the recapitalization of B&J Food Service Equipment and Beltram Foodservice Group to form BJ Beltram, Inc., a combined foodservice equipment distributor. The transaction is the 13th platform investment in Trivest Fund V.