TRUNO Receives Strategic Recapitalization Led by Masked Rider Capital and $40 Million Credit Facility

Antares- and KKR-led Lender Funds Recapitalize 48forty Solutions

January 15, 2026

Logistics & Distribution

48forty Solutions completed a financial restructuring that reduces its debt by over 80% and injects $75 million of new capital. Investment funds and accounts managed by the company's lenders — including Antares and KKR — will become majority equity holders; the deal coincides with CEO Mike Hachtman's retirement and the appointment of Dave Russell as Interim CEO.

Carlyle Provides $1.3 Billion Strategic Investment in Trucordia

June 4, 2025

Insurance

The Carlyle Group's Global Credit platform will make a $1.3 billion strategic investment in Trucordia, valuing the insurance brokerage at $5.7 billion. The transaction will reduce Trucordia's leverage, repurchase units from existing minority investors, simplify governance, and provide capital flexibility to support growth.

Texas Regional Bank Acquires Estrada Hinojosa & Company, Inc.

August 2, 2024

Financial Services

Texas Regional Bank (via Texas State Bankshares, Inc.) completed its acquisition of Dallas-based Estrada Hinojosa & Company, Inc. on August 2, 2024. Estrada Hinojosa will operate under TRB Capital Markets, LLC (using the assumed name "Estrada Hinojosa"), adding over 50 professionals and expanding TRB's municipal advisory, underwriting, and bond trading capabilities.

Huron Capital Acquires TriStruX

December 23, 2021

Infrastructure

Huron Capital completed the acquisition of TriStruX, a national provider of telecom infrastructure services formed from the 2020 merger of Telcom Engineering Group, Leone Electric Corporation and High Point Utilities. The deal creates a telecom infrastructure services platform to support 5G and fiber deployment nationwide, with TriStruX founders remaining in management and holding minority stakes.

First Capital Partners and Rotunda Capital Recapitalize Trinity3 Technology

November 19, 2019

Education

First Capital Partners has completed a debt and equity co-investment in Trinity3 Technology to support Rotunda Capital Partners' recapitalization of the business. Trinity3, based in St. Paul, Minnesota, is a value‑added reseller of tablets, laptops, PCs and related support services serving the K‑12 market across the United States.

Trive Capital Recapitalizes AEVEX Aerospace with $160M Unitranche from Bain Capital Credit

July 15, 2019

Aerospace & Defense

Trive Capital completed a recapitalization of its portfolio company AEVEX Aerospace, with Bain Capital Credit arranging a $160 million senior secured unitranche facility to support the transaction. AEVEX, headquartered in Solana Beach, California, provides airborne intelligence, surveillance and reconnaissance (ISR) services across aircraft services, flight operations support and intelligence solutions; William Blair served as exclusive financial advisor to AEVEX.