Trive Capital and Crux Capital Take Minority Stake in HTeaO

TreeHouse Foods Acquires Harris Tea Business for Approximately $205 Million

January 2, 2025

Food & Beverage

TreeHouse Foods, Inc. signed a definitive agreement to acquire certain subsidiaries operating the private brand tea business of Harris Freeman & Co (Harris Tea) for approximately $205 million. The deal includes Harris Tea’s manufacturing facilities in Moorestown, New Jersey and Marietta, Georgia, and is expected to be margin-accretive and provide vertical integration into TreeHouse’s tea business. TreeHouse later completed the acquisition for approximately $205 million.

Trive Capital and 808 Capital Invest in Crunch Canada Holdings

November 13, 2024

Healthcare Services

Trive Capital and 808 Capital Partners have invested in Crunch Canada Holdings Inc., the primary Crunch Fitness master franchisee in Canada headquartered in Cambridge, Ontario. The capital will support Crunch Canada’s club development and expansion plans across Ontario and Alberta and enable selective acquisitions to grow membership and footprint.

Trive Capital Invests in Formula Wellness

March 18, 2024

Healthcare Services

Dallas-based private equity firm Trive Capital has made a growth investment in Formula Wellness, a medical-based wellness and med-spa operator focused on longevity, hormone balance, nutrition and aesthetics. The investment brings on a PE-backed management team to accelerate Formula Wellness's de novo expansion and add-on acquisition strategy across the DFW metroplex and beyond.

Trive Capital Invests in Terraboost Media

March 31, 2022

Marketing & Advertising

Dallas-based private equity firm Trive Capital has provided a structured capital investment in Terraboost Media, a Chicago-area out-of-home advertising network operator. The financing will support Terraboost's rapid growth and digitization of its nationwide wellness display network (more than 100,000 displays); Canaccord Genuity served as Terraboost's financial advisor.

Swander Pace Capital (via Triple Crown) Acquires T-Bev, Backed by Five Points Capital Financing

June 6, 2021

Food & Beverage

Swander Pace Capital formed Triple Crown Holdings to partner with and acquire T-Bev, Inc., a manufacturer and distributor of natural and organic tea extracts, caffeine and botanical ingredients for the functional beverage and dietary supplement markets. Five Points Capital led unitranche financing and provided an equity co-investment to support the transaction; Triple Crown will pursue organic growth and add-on acquisitions in the clean-label food ingredients category.

Trive Capital Invests in NutriFresh Services

March 10, 2021

Logistics & Distribution

Dallas-based private equity firm Trive Capital has provided a structured capital investment in NutriFresh Services, a cold-chain logistics and fulfillment provider headquartered in Edison, New Jersey. The financing will support management and existing shareholders as NutriFresh pursues national expansion, technology development and both organic and inorganic growth.