Trivest Partners Acquires Stake in Star Shuttle

Bonaccord Acquires Passive Minority Stake in Trivest Partners

January 25, 2022

Financial Services

Bonaccord Capital Partners, a subsidiary of P10, has acquired a passive, non-voting minority equity interest in Trivest Partners. The minority investment is intended to provide Trivest with capital to invest in its employees and growth initiatives while leaving day-to-day management and decision-making unchanged; terms were not disclosed.

The Sterling Group Acquires West Star Aviation from Norwest Equity Partners

March 2, 2022

Aerospace & Defense

The Sterling Group, a middle-market private equity firm, has completed the acquisition of West Star Aviation from Norwest Equity Partners. West Star is a leading independent provider of MRO (maintenance, repair, and overhaul) services to the business aviation industry with primary locations in East Alton, Illinois; Grand Junction, Colorado; Chattanooga, Tennessee; and Perryville, Missouri.

Penske Truck Leasing Acquires Star Truck Rentals, Inc.

April 26, 2023

Trucking & Fleet

Penske Truck Leasing agreed to acquire Star Truck Rentals, Inc., a Michigan-based transportation services company that offers full-service leasing, commercial truck rental, contract maintenance and used truck sales. The acquisition adds Star’s ~1,900 vehicles and 18 locations across Michigan and Indiana to Penske’s network; financial terms were not disclosed and the transaction was expected to close in Q2 2023 subject to customary approvals.

Trivest Partners Invests in BCC Engineering

August 27, 2019

Engineering Services

Trivest Partners, a Miami-based private investment firm, made a platform investment in BCC Engineering from its Fund VI to support the firm's growth. BCC Engineering, a Miami-headquartered provider of transportation, civil, and structural engineering design and construction management services, will partner with Trivest to execute strategic expansion while retaining its management team.

Trivest Partners Invests in Vannguard Utility Partners

September 9, 2025

Industrial Services

Trivest Partners has announced a partnership and platform investment in Vannguard Utility Partners, a DeForest, Wisconsin-based provider of contract utility locating and damage-prevention services. Vannguard will continue to be led by founder and CEO Randy Bern, and Trivest will support the company's next phase of growth across the Midwest and beyond; NCP, Inc. served as financial advisor to Vannguard.

Trivest Partners Invests in Lenworth Building Services

May 2, 2023

Industrial Services

Lenworth Building Services, a Mississauga-based provider of commercial overhead doors, loading dock equipment and industrial fans, has partnered with Miami-based private equity firm Trivest Partners. The founder will remain in an advisory role and the company will continue to be led by President Spencer Cawker as Trivest supports expansion of Lenworth’s footprint and service capabilities across Canada.