Province Announces Strategic Capital Investment From Trivest Partners
July 18 2024 - 9:30AM
Business Wire
Partnership Will Help Province Accelerate
Growth Plans and Increase Market Share
Province, a leading and nationally recognized restructuring and
financial advisory firm, today announced a strategic capital
investment from Trivest Partners (“Trivest”), a middle
market-focused private equity firm with over $5.5 billion assets
under management. In partnering with Trivest, Province is well
positioned to accelerate its growth plans and further cement its
position as a leading top-tier financial advisory and consulting
platform with a diversified service offering.
Headquartered in Las Vegas, Nevada, Province offers a
comprehensive suite of multi-disciplinary services designed to help
institutional investors, debtors, creditors, and trustees navigate
complex strategic, financial, operational, and legal challenges and
opportunities. The company’s services are focused on creditor,
investor, and corporate advisory, as well as performance
improvement, trust & liquidation, and litigation services.
Since its founding in 2008, the company has established itself as a
leader in the restructuring and financial advisory space, operating
out of 5 national offices and employing over 85 highly-skilled and
specialized advisors. Province consistently ranks high in advisory
league tables and has been recognized in numerous industry awards,
most notably being named USA Turnaround Consulting Firm of the Year
by the Global M&A Network in 2022.
“By leveraging our highly experienced team, strong technical
talent base, broad network of trusted relationships, and results
orientated culture, we have been able to advise on the most complex
restructuring situations and establish Province as a leading player
in the space,” said Peter Kravitz, Principal at
Province.
“The team at Trivest immediately understood our unique vision
and culture. Both their proven track-record working with
founder-owned businesses and strong commitment to forging a genuine
partnership throughout the investment process made partnering with
them a natural choice. We are excited to work with them as we
usher-in the next phase of our growth strategy,” added Paul
Huygens, Principal at Province.
The capital investment comes after a period of significant
growth for Province. While maintaining its industry-leading
position in creditor advisory over the past 5 years, the company
has also significantly enhanced its debtor advisory and
institutional investor practices, expanded its geographic presence
internationally into the UK and Canada, and built additional
expertise across many end-markets, including healthcare and
commercial real estate.
“We see incredible potential in the restructuring and financial
advisory market and have been impressed by the professionalism,
expertise, and reputation Province has developed in the space.
Under their leadership, Paul and Peter have instilled a strong
client-first culture predicated on winning and providing
best-in-class services. The firm has all the hallmarks we look for
in a partnership and we look forward to building upon their great
successes to date,” said Mario R. Masrieh, Principal at Trivest
Partners.
Clearsight Advisors served as exclusive financial advisor and
GTC Law Group PC as legal advisor to Province, with Benesch,
Friedlander, Coplan & Aronoff LLP serving as legal advisor to
Trivest Partners.
About Province Province is a
nationally recognized advisory firm that helps clients navigate
complex strategic, operational, financial, and legal challenges and
opportunities. Province provides a broad suite of
multi-disciplinary services to clients across five key areas of
practice: Corporate Advisory, Creditor & Investor Services,
Litigation Services, Trust & Liquidation, Performance
Improvement. With over 85 professionals, 5 offices worldwide, and a
globally-diversified experience spanning across 48+ countries,
Province delivers unparalleled results to its clients. For more
information, visit https://www.provincefirm.com/.
About Trivest Partners
Trivest Partners, headquartered in Miami with a presence in
Charlotte, Chicago, Denver, Los Angeles, New York, and Toronto, is
a private investment firm that focuses exclusively on the support
and growth of founder-led and family-owned businesses in the U.S.
and Canada, in both control and non-control transactions. Learn
more at www.trivest.com.
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