Allied Industrial Partners acquires majority stake in Trinity Industrial
Private investment firm manages more than $1B in assets
Private equity firm Allied Industrial Partners has made a majority investment in Trinity Industrial, a Gulf Coast-based equipment rental and specialty services provider focused on industrial, utility and energy infrastructure customers.
Allied said Trinity’s founders, Jonathan and Patrick Foreman, and the existing management team will retain meaningful ownership stakes and continue leading the company, according to Allied’s release May 7. Financial terms of the transaction were not disclosed.
Founded in 2020 and headquartered in Broussard, La., Trinity Industrial provides general and specialty rental equipment, hydrovac excavation, crane services, traffic control and disaster response services across the Gulf Coast.
The investment comes as infrastructure and utility construction activity continues to drive demand for rental equipment and specialty services throughout the Southeast and Gulf Coast markets, according to the release. Allied expects the partnership to accelerate Trinity’s expansion through both organic growth and acquisitions across industrial, utility and energy infrastructure end markets.
Houston-based Allied Industrial Partners, founded in 2019, manages more than $1 billion in assets and focuses on lower- and middle-market industrial businesses, including rental, manufacturing, distribution, environmental services and infrastructure companies, according to the release.
The fourth annual Equipment Finance Connect at the C. Baldwin in Houston May 18-19 is the only event that brings together the equipment industry to share insights, attend discussions on crucial industry topics and network with peers. Learn more about the event and register here.
