Trilogy Search Partners
Trilogy Search Partners publicly presents a search-fund investment model that partners with entrepreneurs acquiring and operating privately held businesses. The firm describes support from fundraising and search launch through sourcing, diligence, acquisition and value creation.
What stands out about Trilogy Search Partners
Trilogy Search Partners backs entrepreneur-led acquisitions and states that it may act as a lead or co-lead partner, providing support across valuation, offer structure, diligence, credit-facility input, board formation and transition planning. Its stated sector focus includes B2B services, SaaS, healthcare and tech-enabled services. The approach page does not state universal target-company revenue, EBITDA, enterprise-value, purchase-price or minimum-size thresholds.[1][2][3][5]
What does Trilogy Search Partners invest in?
Trilogy Search Partners publicly presents itself as an investment partner for entrepreneurs seeking to acquire and operate privately held businesses. Its stated support covers fundraising, search launch, sourcing, diligence and acquisition, and operating and value creation.
The homepage reports over $240M in committed, patient capital, an eleven-person team, over 80% participation in acquisitions closed by partner entrepreneurs, and more than 90 completed transactions.[1][2]
The firm states that it invests in leaders with distinctive backgrounds, entrepreneurial drive, demonstrated leadership skills and commercial aptitude to acquire and grow businesses. Trilogy says it may act as a lead or co-lead partner and assist with valuation, offer structure, diligence, credit facilities, investment memoranda, board formation and transition planning.
Trilogy also describes its capital as patient and its outlook as long term, while supporting organic growth, M&A, committed capital and long-term hold strategies.[1][2]
Owners evaluating a financial buyer can compare the offer with independent valuation analysis, understand how acquirers approach transactions through Auxo’s buy-side M&A process guide, and consider whether a full or partial sale best fits their objectives.
What should a business owner evaluate before considering a transaction with Trilogy Search Partners?
An owner evaluating Trilogy should clarify the proposed entrepreneur’s role, the firm’s role as lead or co-lead partner, and how transition planning, board formation and operating support would apply to the opportunity. The firm’s stated model centers on backing entrepreneurs to acquire and operate privately held businesses.
Because the approach page does not state universal financial thresholds, and the portfolio page does not provide transaction dates or deal terms for the listed examples, an owner should request the applicable valuation, financing, rollover-equity, earn-out, indemnity, ownership-horizon and follow-on-acquisition terms directly.[1][2][3]
What revenue, EBITDA, enterprise-value, purchase-price and sector criteria apply to this opportunity
Would Trilogy invest through a traditional search fund, a committed-capital vehicle or another structure for this transaction
Who would be the proposed operating entrepreneur, and what role would the seller have in the transition and ongoing business
What companies does Trilogy Search Partners target?
Trilogy publicly describes an entrepreneur profile centered on distinctive backgrounds, entrepreneurial drive, demonstrated leadership skills and commercial aptitude.
The approach page does not state a universal target-company revenue, EBITDA, enterprise-value, purchase-price or minimum-size threshold. Owners should request the criteria applicable to the specific opportunity.[1][2]
The official portfolio page states that Trilogy invests in traditional B2B services acquisitions and has expertise in SaaS, healthcare and tech-enabled services. The homepage reports more than 90 completed transactions in SaaS, healthcare and healthcare IT, tech-enabled services and B2B services.[1][3]
The firm lists a Greater Seattle office at 2856 80th Ave SE, Mercer Island, Washington, and a Bay Area office at 535 Mission Street, 14th floor, San Francisco, California. The firm’s identified pages do not state a formal geographic mandate.[4]
Trilogy publicly describes support for acquisitions, organic growth and M&A, as well as committed capital and long-term hold strategies. An owner can ask how the proposed opportunity would be classified within the firm’s structure.[2]
The official portfolio page identifies BSU Electronics, ITpipes, Advanced Aircrew Academy, Crystal Practice Management and Utility Cloud among Trilogy Search Partners’ portfolio or selected investment companies. The case-studies page identifies BSU Electronics, Advanced Aircrew Academy and additional entrepreneur-led investments as illustrative examples.
The case-studies page states that its examples are not a complete list of investments purchased or sold and that a complete list of current and prior investments is available upon request.[3][5]
Publicly identified examples include BSU Electronics, ITpipes, Advanced Aircrew Academy, Crystal Practice Management and Utility Cloud. The portfolio page does not publish acquisition dates, purchase prices, valuation multiples, financing terms or consideration details for these examples. Accordingly, the portfolio page does not establish dated transaction records or deal terms for them.[3]
What is not clear from Trilogy Search Partners's public investment criteria?
The approach page describes the search-fund and acquisition-support process but does not state a universal target-company revenue, EBITDA, enterprise-value, purchase-price or minimum-size threshold.
The portfolio page identifies portfolio companies and company descriptions but does not publish acquisition dates, purchase prices, valuation multiples, financing terms or consideration details for the cited examples. The case-studies page states that its examples are illustrative and that a complete list of current and prior investments is available upon request.[2][3][5]
Questions to ask when evaluating Trilogy Search Partners as a buyer or investment partner
What revenue, EBITDA, enterprise-value, purchase-price and sector criteria apply to this opportunity?
Would Trilogy invest through a traditional search fund, a committed-capital vehicle or another structure for this transaction?
Who would be the proposed operating entrepreneur, and what role would the seller have in the transition and ongoing business?
What percentage of equity and governance rights would Trilogy and the entrepreneur hold?
What are the expected financing terms, rollover-equity expectations, earn-out provisions and indemnity structure?
What is the anticipated ownership horizon and approach to follow-on acquisitions?
Sources & research notes
- Official website / firm overview
- Investment approach
- Industry / market focus
- Geography / market coverage
- Transaction / portfolio evidence
- SEC filing / regulatory record
How this profile was researched
Auxo profiles are prepared from publicly available primary and authoritative sources and reviewed for entity identity, factual support and disclosure consistency. When a fact cannot be supported by the reviewed public record, the profile identifies it as something to confirm directly rather than inferring it.
Independent research profile
This profile was prepared by Auxo Capital Advisors from publicly available information believed to be reliable and is provided solely for informational and educational purposes. It is not an endorsement, recommendation, ranking, solicitation, or representation regarding the profiled firm, its services, qualifications, transaction experience, regulatory status, financial condition, or suitability for any particular person, company, transaction, or investment.
Information obtained from third-party and public sources may be incomplete, inaccurate, outdated, or subject to change, and Auxo Capital Advisors makes no representation or warranty, express or implied, as to its accuracy, completeness, or timeliness. Readers should conduct their own independent diligence and consult appropriate professional advisers before engaging any advisor, intermediary, investor, lender, acquirer, or other transaction counterparty.
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