Tyrone Johnson is CEO of Cascade Services. [Courtesy photo]
Dallas-based private equity firm Trive Capital announced the recent creation of Cascade Services, a leading residential tri-commerce services platform.
Cascade Service was created through a partnership between Trive, LP First Capital and an experienced management team to pursue acquisition opportunities in the residential HVAC, plumbing and electrical services industry.
“Cascade has a solid reputation for providing high quality service to its residential customers. We are excited to partner with Cascade to create an industry-leading tri-commerce services platform,” said Eric Hsu, Managing Director of Trive Capital, in a statement.
The company said Cascade Services completed four acquisitions in the state of Florida with a family of brands including Mid-Fla Heating & Air, Air Boca, Aztil Air Conditioning and Extreme Air & Electric.
Trive said it has partnered with a talented team that includes managing director Tyrone “Ty” Johnson, who was previously an operating partner of Trive and managing director of Select Interior Concepts, a publicly traded supplier of surface products. interior for residential and commercial applications.
Johnson looks forward to leading the new platform and working alongside its business unit operators to “succeed together,” he said in a statement. “Developing systems, tools and processes that allow small businesses to grow rapidly has been a hallmark of my career.”
Chris Zugaro, Partner at Trive Capital [Photo: Trive Capital]
Trive partner Chris Zugaro said the private equity firm is excited to team up with Johnson again.
According to Zugaro, “Johnson’s track record of scaling businesses, combined with his deep and meaningful industry relationships, will position Cascade, its team and its customers for continued positive results as we invest in complementary acquisitions. and internal initiatives”.
The newly formed company is actively seeing additional opportunities in residential HVAC, plumbing and electrical services, Trive said in a press release.
The private equity firm, which manages more than $4 billion in regulatory assets, invests equity and debt in what it considers “strategically viable middle-market companies” that have the potential for a upward transformation through operational improvement.
LP First Capital is a private investment firm that uses its experience in mergers and acquisitions, profit center integration and team building to create “mighty platforms” and exceptional businesses in traditionally divided industries.
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