Hinton Announces Minority Partnership With Trivest
16 July 2024 - 2:05PM
Business Wire
Hinton Lumber Products (“Hinton” or the “Company”) announces a
minority growth investment from Trivest Partners (“Trivest”). The
investment was made from Trivest Growth Investment Fund II
(“TGIF”), a dedicated non-control fund launched in 2016 to solve
founders’ need for a value-added capital partner while maintaining
operational and financial control of their business. Palmares
Capital Partners (“Palmares”), an Atlanta-based private investment
firm, co-invested in Hinton alongside Trivest.
Based in Tuscaloosa, AL, Hinton is one of the largest
manufacturers of wooden pallets in the United States and supplies a
wide range of pallets including block pallets, CP pallets, and
stringer pallets. Founded in 1973 by the Hinton family, the Company
has evolved over the past five decades from a manufacturer of
hand-crafted wooden boxes and crates to a fully automated
manufacturer of custom-designed pallets. In addition to Tuscaloosa,
the Company has operations in La Porte, TX, and serves customers
across the Southern United States.
“The partnership with Trivest marks a new chapter in our
business, and we eagerly anticipate seizing new avenues for growth
both organically and through M&A,” said Larry Howell, President
of Hinton.
“I am thrilled to announce a strategic investment from Trivest
Partners, a major milestone for our organization that will shape
our future. For over 50 years, we have provided our customers with
exceptional value through sustainable packaging solutions,” said
Hinton Howell, COO of Hinton. “As the leader in automation within
our industry, we will drive continued growth and success guided by
the expertise of the Trivest team. We are extremely excited for the
future and the opportunities this collaboration brings.”
“Palmares invests in companies with a competitive moat in a
growing industry, a winning and honest culture, and systems and
processes that provide better efficiency and decision-making.
Hinton checked all those boxes,” said Andy Mason, Partner at
Palmares. “Palmares teamed up with Trivest for the investment in
Hinton as we felt Trivest’s deep resources provided the best
partnership for Larry and Hinton’s aspirational vision for the
Company.”
“We are beyond excited to be partnering with Larry and Hinton,
both well-known and respected leaders in the industry,” said
Arturas Rainys, Principal at Trivest. “They have done an impressive
job creating one of the best pallet manufacturers in the United
States, and we are looking forward to supporting the Company’s next
phase of growth.”
About Hinton
Hinton manufactures custom-designed wooden pallets for customers
across a myriad of industries. The company operates out of
facilities in Tuscaloosa, AL and La Porte, TX. For more
information, visit www.hintonlumber.com
About Trivest
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 United
States and Canada in both control and non-control transactions. For
more information, visit www.trivest.com
About Palmares
Palmares Capital Partners is a private investment firm seeking
to make non-control equity investments in family and founder-owned
companies by partnering with business owners to fund growth
initiatives and facilitate shareholder liquidity. For more
information, visit www.palmarescapital.com
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version on businesswire.com: https://www.businesswire.com/news/home/20240716428031/en/
Larry Howell Hinton Lumber Products larry@hintonlumber.com
205-758-2761
Arturas Rainys Trivest Partners arainys@trivest.com
305-858-2200
Andy Mason Palmares Capital Partners amason@palmarescapital.com
678-322-3050