Trive Capital Forms Cascade Services to Partner with Home Services Brands
DALLAS — Trive Capital, a Dallas-based private equity firm, announced the recent formation of Cascade Services. Cascade was formed through a partnership between Trive, LP First Capital, and an experienced management team to pursue acquisition opportunities in the residential HVAC, plumbing, and electrical services sectors. To date, Cascade has completed four acquisitions in the state of Florida ,with a family of brands including Mid-Fla Heating & Air, Air Boca, Aztil Air Conditioning, and Extreme Air & Electric.
“Cascade has a strong reputation for providing high-quality service to its residential customers. We are excited to partner with Cascade to build an industry-leading tri-trade services platform,” Trive Capital Managing Director Eric Hsu said.
In forming Cascade, Trive has partnered with a talented team that includes Chief Executive Officer Tyrone “Ty” Johnson, who previously served as a Trive operating partner and as chief executive officer of Select Interior Concepts, a publicly traded provider of interior surface products for residential and commercial applications.
“I am thrilled to once again partner with the Trive team as we create a differentiated home services platform. Developing the systems, tools and process that enable small businesses to grow rapidly has been a hallmark of my career. I look forward to leading this new platform and working alongside our business unit operators to achieve success together,” Johnson said.
“We are delighted to be teaming up with Ty again,” commented Chris Zugaro, partner at Trive Capital. “His track record in scaling businesses combined with his deep, meaningful relationships in the sector will position Cascade, its team, and its customers for continued positive outcomes as we invest in add-on acquisitions and internal initiatives.”
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