Oct. 25, 2022: Trinity Hunt Closes First Continuation Fund
Plus, RFE and O2 platform companies announce new acquisitions
Read the top headlines for Tuesday, October 25, 2022 below:
Trinity Hunt Closes First Continuation Fund with $618 Million
Private equity firm Trinity Hunt Partners announced in a recent press release the close of its first Continuation Fund, with capital slated to support the firm’s acquisitions of technology services companies Argano and Improving from Trinity Hunt Partners V. The $618 million raised for the fund includes a pool that will be used for follow-on investments to support continued growth of portfolio companies, the firm said. Since its first investments in Argano and Improving, Trinity Hunt has focused on growing the businesses through organic growth, add-on acquisitions, and investments in human capital. “We believe that there is additional value at these companies that can be unlocked with additional time and capital,” stated managing partner Blake Apel.
RFE’s Veransa Announces Green and Wood Waste Acquisition
Veransa Group, a business transforming urban wood and yard waste into re-use products, and a portfolio company of middle-market private equity firm RFE Investment Partners, announced its expansion via the acquisition of MW Horticulture. The investment includes MW’s green and wood waste collection and recycling operations in For Myers, Florida, while Veransa also retains the option to acquire MW’s operations in LaBelle, Florida. Following the merger, Veransa plans to modernize MW’s business, which will be a part of Veransa’s new South Florida division. In a statement, CEO Marc Owensby said the investment “advances Veransa’s strategic priority to expand its footprint and reinforces future growth,” while supporting the firm’s expansion throughout south Florida.
Related content: Is Wall Street South Here to Stay?
O2 Investment Partners’ SIB Holdings Invests in Amazon Seller Auditing Business
SIB Holdings, which provides fixed cost reduction services for business clients across the telecom, utilities, treasury, shipping and waste industries, has invested in GETIDA, a technology company providing auditing and reconciliation solutions for Amazon sellers, according to a recent press release. SIB, a portfolio company of middle-market private equity firm O2 Investment Partners, will fuel global expansion for GETIDA through geographic growth and offering existing clients services that go beyond the Amazon platform. “I am thrilled that we have found SIB and O2 as strategic and financial partners,” stated GETIDA CEO Eytan Wiener.
