TRP CAPITAL ADVISORS, LLC

Thesis

TRP Capital Advisors, LLC, operating as TRP Capital Partners, is a private equity firm founded in 1997 and headquartered in Birmingham, Michigan. The firm specializes in the transportation industry, targeting growth-stage and later-stage companies within its various commercial and consumer segments. Their investment strategy involves partnering with strong management teams to drive long-term value, primarily through buyouts and growth equity transactions. TRP Capital Partners focuses on lower middle-market businesses with EBITDA between $5 million and $40 million, and equity investments ranging from $20 million to $75 million per transaction. They act as a lead investor, offering capital and strategic support via an extensive network of industry partners. The firm's core investment areas include logistics and supply chain, dealerships and related services, aftermarket solutions, specialty manufacturing and distribution, education and training, energy and environmental, and commercial services. TRP Capital Partners has invested over $1.2 billion across 33 portfolio platforms since its inception. As of August 2025, their sixth fund, TRP Fund VI, closed at $265 million, their largest to date. The team collectively has over 125 years of experience in transportation sector investing.