Private Equity Firm Industrial Services

Trive Capital

Dallas, Texas, United States

Dallas, TX-based private equity firm with more than $8 billion of regulatory assets under management. Trive invests equity and debt in strategically viable middle-market companies and pursues transformational upside through operational improvement in a hands-on partnership with management teams.

Focus Areas
Middle-market private equity, Operational improvement / value creation

Tracked deals

75

75 tracked deals across 2019-2026.

Recent pace

14

14 tracked deals announced in the last 12 months.

Deal mix

Addon

34 addon · 21 buyout · 17 growth capital

Trive Capital Acquisition Volume by Year

Last 8 years

Acquisition volume by year Annual acquisition counts for the last 8 years for Trive Capital. 6 2019 5 2020 16 2021 13 2022 8 2023 8 2024 12 2025 ~10 est. 7 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

Showing the 12 most recent of 75 tracked deals for Trive Capital.

  • Buyer
    Machine Sciences, Viking Global, Trive Capital
    Target
    Kittyhawk, Inc.
    Seller
    Trive Capital
    Type
    Buyout

    Trive Capital has closed the sale of Kittyhawk, Inc. to Machine Sciences, a portfolio company of Viking Global. Kittyhawk is a provider of hot isostatic pressing (HIP) services for mission-critical applications across the space, commercial aerospace, defense, and power generation end-markets.

  • Buyer
    Lyntris, Trive
    Target
    Accelint, Vitesse Systems
    Industry
    Cybersecurity
    Location
    United States
    Type
    Addon

    Accelint and Vitesse Systems have unified under the Lyntris name, formalizing a long-term strategy to deliver “sense-to-act” connectivity solutions for U.S. Department of War and allied customers. The combination brings together sensor hardware, sensor architecture, and AI-enabled data/software capabilities designed for resilient operation in contested environments.

  • Buyer
    Trive Capital
    Target
    Polar Technology
    Location
    United Kingdom

    Trive Capital, a Dallas-based private equity firm, announced a recent investment in Polar Technology, a UK-headquartered manufacturer of advanced composite and metallic components. Polar provides vertically integrated engineering and manufacturing capabilities serving aerospace, defense, high-performance automotive, and medical end markets.

  • Buyer
    Trive Capital
    Target
    Adrianna Papell

    Dallas-based private equity firm Trive Capital has made a strategic investment in Adrianna Papell, a New York City–headquartered designer of women’s special-occasion apparel. The partnership is intended to accelerate growth by broadening product categories and strengthening underpenetrated channels, including direct-to-consumer and international markets.

  • Buyer
    Trive Capital, Rolfson Oil
    Target
    Rolfson Oil, Flint Logistics Group
    Type
    Addon

    Dallas-based private equity firm Trive Capital invested in Rolfson Oil, an energy-focused distributor of fuels, oils, and lubricants. After the investment, Rolfson acquired Oklahoma City–headquartered Flint Logistics Group to expand Rolfson’s footprint and onsite storage/transportation capabilities across Oklahoma, Texas, and New Mexico.

  • Buyer
    Trive Capital
    Target
    PavCon

    Dallas-based private equity firm Trive Capital has made an investment in PavCon, a provider of predictive analytics and decision‑support software serving U.S. defense customers. The partnership will fund PavCon’s growth—investing behind its talent, technology and scalable operating model—to accelerate delivery of AI-driven predictive solutions; financial terms were not disclosed.

  • Buyer
    Karman Space & Defense
    Target
    Seemann Composites, Materials Sciences (MSC)
    Location
    United States
    Type
    Buyout

    Karman Space & Defense closed its previously announced acquisition of Seemann Composites and Materials Sciences (MSC) in a deal valued at $220 million. The combination expands Karman’s maritime defense end market with advanced composite systems and materials capabilities for U.S. Navy submarine, USV/UUV, surface, and autonomous maritime programs.

  • Buyer
    RPM Freight Systems, LLC, Trive Capital, Bluejay Capital
    Target
    Dealers Choice Auto Transport
    Industry
    Transportation
    Type
    Addon

    RPM Freight Systems, LLC has acquired Dealers Choice Auto Transport, a specialist in premium and luxury vehicle transport for dealerships and auto auctions. The deal, completed with support from RPM's sponsors Trive Capital and Bluejay Capital, expands RPM's dealership and auction coverage and adds specialized, white‑glove vehicle transport capabilities to its tech-enabled logistics platform.

  • Buyer
    RPM Freight Systems, LLC, Trive Capital, Bluejay Capital
    Target
    Professional Automotive Relocation Services (PARS)
    Type
    Addon

    RPM Freight Systems has acquired Professional Automotive Relocation Services (PARS), combining RPM's finished-vehicle logistics platform with PARS' fleet relocation and lifecycle services. The deal, backed by RPM investors Trive Capital and Bluejay Capital, expands RPM's service portfolio to include driveaway, vehicle storage, titling and registration; terms were not disclosed.

  • Buyer
    Trive Capital
    Target
    Illumis Global

    Trive Capital made a strategic growth investment in Illumis Global to accelerate the company's expansion and establish a comprehensive vendor management platform. The investment will support Illumis' technology investments, broaden its audit and analytics capabilities, and enable new offerings such as a proprietary Group Purchasing Organization while keeping current management in place.

  • Buyer
    Canopy Aerospace & Defense, Trive Capital
    Target
    Tods Technology Ltd.
    Location
    Dorset, United Kingdom
    Type
    Addon

    Canopy Aerospace & Defense, a portfolio company of Trive Capital, has acquired Tods Technology Ltd., a Portland, Dorset-based designer and manufacturer of advanced composite structures and acoustic materials for the maritime defense sector. The add-on acquisition expands Canopy A&D's technical capabilities in sonar domes and acoustic enclosures, strengthens transatlantic supply-chain resilience, and will see Tods operate under the Canopy A&D umbrella with further investment in infrastructure and people.

  • Buyer
    Karman Space & Defense
    Target
    Five Axis Industries
    Type
    Buyout

    Karman Space & Defense (NYSE: KRMN) acquired Five Axis Industries, an Arlington, Washington-based supplier of advanced nozzle and fuel system subsystems, for $83 million in cash plus approximately $5 million in Karman shares (about $88 million total). The acquisition, which closed October 28, 2025, expands Karman's propulsion and launch-system capabilities by adding proprietary nozzle, spun-form and 3D-printed Inconel technologies and was funded in part by an increase to Karman's Term Loan B.

Related Acquisition Pages

Selling a company? Get in front of buyers like Trive Capital

Turn tracked acquisition activity into an outreach-ready buyer list.