Allied Industrial Partners Makes Majority Investment in Trinity Industrial, a Gulf Coast Rental Company
Allied Industrial Partners LLC, an industrial-focused private equity firm, last month announced a majority investment in Trinity Industrial, an equipment rental and specialty services platform serving industrial, utility, and energy infrastructure customers across the Gulf Coast. Trinity 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.
Founded in 2020, Trinity has grown rapidly into a premier equipment rental and services platform with operations across South Louisiana and the Gulf Coast. The company is positioned to capitalize on significant demand tailwinds driven by accelerating infrastructure investment and utility build-out across the Southeast. 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,” said Bradford Rossi and Philip Wright, co-founders and managing partners at Allied Industrial Partners. “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.”
“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,” said Jonathan and Patrick Foreman, co-founders of Trinity. “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.”
Founded in 2019, Allied Industrial Partners LLC is a lower-middle market private equity firm that currently has more than $1 billion of assets under management. For more information, visit www.alliedindustrialpartners.com.
About the Author
Michael Roth
Editor
Michael Roth has covered the equipment rental industry full time for RER since 1989 and has served as the magazine’s editor in chief since 1994. He has nearly 30 years experience as a professional journalist. Roth has visited hundreds of rental centers and industry manufacturers, written hundreds of feature stories for RER and thousands of news stories for the magazine and its electronic newsletter RER Reports. Roth has interviewed leading executives for most of the industry’s largest rental companies and manufacturers as well as hundreds of smaller independent companies. He has visited with and reported on rental companies and manufacturers in Europe, Central America and Asia as well as Mexico, Canada and the United States. Roth was co-founder of RER Reports, the industry’s first weekly newsletter, which began as a fax newsletter in 1996, and later became an online newsletter. Roth has spoken at conventions sponsored by the American Rental Association, Associated Equipment Distributors, California Rental Association and other industry events and has spoken before industry groups in several countries. He lives and works in Los Angeles when he’s not traveling to cover industry events.