SHAFTER, CA and DALLAS – Trive Capital, a Dallas-based private equity firm, announced on March 22 its recent investment in BPS Supply Group. Based in Shafter, California, BPS is a distributor of industrial pipes, valves, fittings and engineered products to a variety of end markets.
Founded in 1968, BPS serves a diverse clientele through its 18 branches across the United States. In addition to its extensive product portfolio, BPS offers a range of services and custom solutions, including on-site actuation, line coating and inspection, and inventory management.
Blake Bonner, Partner at Trive Capital, commented: “BPS is a large-scale platform with a proven track record of expanding its product and service offering, expanding its footprint through acquisition and the greenfield, and solution-oriented partner service for its customers. is well positioned to accelerate its growth, and we look forward to partnering with the BPS team as they strategically target new end markets and continue to expand their offering. »
BPS President Dan Byrum said, “We are excited to form this new partnership with the Trive team as we collaborate on our next phase of growth. In addition to aligning with our Principles and Core Values, Trive shares our vision to further develop BPS. geographic coverage and service offering organically and inorganically. We will continue to focus on the exceptional service and expertise provided to our valued customers for over 54 years, while leveraging the additional resources provided through our partnership with Trive.
BMO Middle Market M&A acted as exclusive financial advisor to the shareholders of BPS Supply Group.
Founded in 1968 and headquartered in Shafter, CA, BPS is a leading supplier of industrial PVF products, offering the best distribution and value-added services. BPS’ highly tactile service model and robust SKU offering has helped build long-term relationships with a large base of top-tier customers across various industries. BPS has strategic geographic coverage with 18 branches in 6 states and 3 key regions.
Trive Capital is a Dallas, Texas-based private equity firm with approximately $3.6 billion in assets under management. Trive is focused on equity and debt investing in what it sees as strategically viable middle-market companies with the potential for transformational growth through operational improvement. We seek to maximize returns through practical partnership that calls for identifying and implementing value creation ideas. The Trive team is comprised of seasoned investment professionals who have been involved in over 100 middle market transactions representing over $6 billion in revenue across Trive’s targeted industry sectors and situations.