Daily News: November 17, 2014

Trive Capital Completes Portfolio Company Dividend Recaps

Trive Capital announced the successful completion of dividend recapitalizations for three of its portfolio companies: Southern Towing, Precise Packaging and Huron Automotive.

The recapitalizations generated proceeds that were used for the payments of dividends to shareholders. The recapitalizations were made possible by the strong operating and financial momentum generated by the businesses since closing.

“We are thrilled through the efforts of our talented management partners and the hard work of our investment team to be in the fortunate position of returning equity capital to our investors in our first three investments, all three of which have been owned for less than two years,” said Conner Searcy, Trive managing partner.