MIAMI--(BUSINESS WIRE)--Trivest Partners (“Trivest”) announces it has recapitalized AG Adjustments (“AGA”). The AGA transaction represents the 3rd platform investment in Trivest Fund VI, a $630 million fund dedicated to investing in founder/family-owned businesses.
AG Adjustments is a leading provider of accounts receivable management solutions, focused on third party commercial debt recovery. The Company, which is headquartered in Melville, NY, with additional facilities in Arizona and North Carolina, serves over 1,000 customers across all industries. AGA has grown rapidly over its nearly 50-year history due to its robust, highly customizable technology platform, its industry-leading recovery rates, and highly experienced and professional staff which has led to longstanding customer relationships and a proven ability to win new engagements. The Company’s highly scalable infrastructure has it positioned to continue to expand with minimal additional required investment.
“The partnership with Trivest will allow AG Adjustments to realize our growth plans,” said Robert Gerstel, the Company’s CEO. “When my brother Marc and I decided to explore bringing in an outside partner, Trivest’s culture and unique programs for founders made them the ideal choice for us. Additionally, their 35 years of experience in investing in founder and family-owned businesses will be very useful as we target add-on acquisitions. We are excited about the partnership and this new chapter of growth for our company.”
Forest Wester, Partner at Trivest, commented, “We are very excited to be partnering with the AG Adjustments team. This opportunity fits squarely within Trivest’s core strategy of investing in growing, founder-owned businesses. AGA plays in a very fragmented industry, and we believe there is significant opportunity to build one of the dominant national accounts receivable management firms focused on commercial collections.”
About Trivest Partners:
Trivest Partners is a private investment firm that focuses on partnering with founder/family owned businesses in the United States and Canada. Since its founding in 1981, Trivest has completed more than 250 transactions, totaling in excess of $6.0 billion in value. For additional information, please visit www.trivest.com.
