Allied Industrial Partners, an industrial-focused private equity firm, made a majority investment in Trinity Industrial, an equipment rental and specialty services platform serving industrial, utility and energy infrastructure customers across the Gulf Coast. The company will continue to be led by its founders, Jonathan and Patrick Foreman, and other members of senior management, who will retain meaningful ownership in the company alongside Allied. The terms of the transaction were not disclosed.
With Allied’s support, Trinity will pursue growth across multiple end markets, including industrial, energy infrastructure and utilities.
“We are excited to partner with Jonathan, Patrick and the team at Trinity to scale the platform into a leading Gulf Coast rental and specialty services provider,” Bradford Rossi and Philip Wright, co-founders and managing partners at Allied Industrial Partners, said. “Trinity’s entrepreneurial culture, strong customer relationships and footprint in high-growth end markets align closely with Allied’s track record of building resilient, infrastructure-focused businesses. We see many opportunities to grow the business through additional acquisitions as well as organically.”
J. and P. Foreman said, “We founded Trinity to be the go-to equipment rental and specialty services provider for industrial and utility customers, and this partnership will help fuel the next step in our evolution. Allied shares our growth mindset and values, and we are confident this partnership will allow us to expand our footprint and serve more customers in increasingly vital sectors.”
