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.
Contacts
Forest Wester
(305) 858-2200
