Lower middle market private equity firm
Trident
- HeadquartersNew York, NY S5
- Founded2017 S5
- Websitetrident.co
- Last verifiedNovember 5, 2026
At a glance
| EBITDA range | $2M to $20M S2 |
|---|---|
| Revenue range | $10M to $100M S2 |
| Check size | $25M to $50M S2 |
| Deal types | Platform, Add-on S2 |
| Geography | United States S2 |
| Sectors | Transportation & Logistics, Consumer & Food, HVAC, Plumbing & Electrical, Industrial & Manufacturing, Healthcare Services |
What Trident buys
Trident is a New York private equity firm, legally Trident Management LLC, set up in 2017 to buy small American companies owned by families or founders. It looks for U.S. businesses with $10 million to more than $100 million of revenue and $2 million to $20 million of EBITDA, and it says it puts in $25 million to $50 million of equity for a majority position. Deals are structured as management buyouts, recapitalizations or acquisition capital. Its three target areas are industrials, consumer and healthcare, and it wants a history of profits, steady revenue and an experienced management team.
Trident finds deals through its own software and a network of outside operating partners, and it tries to reach owners before a formal sale process starts. Current holdings include Priority Courier Experts (same-day delivery, co-owned with operating partner Bluejay Capital), The LunchMaster (school meals), Dependable Mechanical (commercial plumbing) and The Mat Laundry. A smaller company is most likely to meet Trident as an add-on to one of these, as NOW Courier and Priority Dispatch did.
Recent deals
Announced in the 24 months before November 5, 2026.
| Date | Company | Type | Sector | Source |
|---|---|---|---|---|
| Aug 2026 | INPAX Shipping SolutionsAtlanta courier and freight company added to Priority Courier Experts, which Trident co-owns with Bluejay Capital | Add-on | Transportation & Logistics | Source |
| Aug 2026 | Priority Dispatch and Diamond ExpeditedMidwest same-day delivery companies added to Priority Courier Experts, co-owned by Trident and Bluejay Capital | Add-on | Transportation & Logistics | Source |
| Dec 2025 | The LunchMasterInvestment with SagePath Capital in a Hayward, California school meal provider; new CEO named and the owning family stays involved | Platform | Consumer & Food | Source |
| Dec 2024 | NOW CourierFamily-owned Indianapolis courier added to Priority Courier Experts, co-owned by Trident and Bluejay Capital | Add-on | Transportation & Logistics | Source |
Portfolio by sector
From the firm's portfolio page S3.
Consumer
- The LunchMaster
- The Mat Laundry
- Cornbread Legacy portfolio
- Mountain West Brands Legacy portfolio
Industrials
- Dependable Mechanical
- Excel Interior Door
- Priority Courier Experts
- CinchSeal Legacy portfolio
Past investments: Lumina Vision Partners, Wild Things
Greymont’s take
How Trident fits a seller
Trident suits a family or founder who wants a full or majority sale of a business with a long record of profits. It often brings an outside operator into the deal. At Priority Courier Experts it paired with Bluejay Capital, and at The LunchMaster it named a new CEO while Mike Giouzelis, of the family that built the company, moved up to chief operating officer. So an owner should settle their own role early.
The firm says it also looks at owner transitions and companies running on dated systems, so a business that needs updating can still fit. Two questions are worth asking. Who will run the company after closing, you, Trident or an operating partner? And because the published equity range starts at $25 million, is your company large enough to be a new platform, or would it join an existing one as an add-on?
Questions owners ask
What size company does Trident buy?
Its criteria call for U.S. companies with $2 million to $20 million of EBITDA and $10 million to more than $100 million of revenue. It says it invests $25 million to $50 million of equity and takes majority positions.
Does Trident buy courier and delivery companies?
Yes. Priority Courier Experts, which it co-owns with Bluejay Capital, bought NOW Courier in December 2024 and then Priority Dispatch, Diamond Expedited and INPAX in August 2026. Bluejay says it is still looking for more add-ons in target markets.
Does the family stay involved after Trident invests?
It can. In the December 2025 LunchMaster deal, Mike Giouzelis of the family that built the company became chief operating officer, while Trident and SagePath Capital brought in David De Souza as CEO.
Sources
- S1Trident home page Accessed November 5, 2026
- S2Trident: Operating Partners (investment criteria) Accessed November 5, 2026
- S3Trident: Portfolio Accessed November 5, 2026
- S4Trident: News & Insights Accessed November 5, 2026
- S5Trident Makes Strategic Investment in Priority Courier Experts (August 22, 2023) Accessed November 5, 2026
- S6Trident Invests in The LunchMaster in Partnership with SagePath (December 2, 2025) Accessed November 5, 2026
- S7Priority Courier Experts Acquires Now Courier (December 10, 2024) Accessed November 5, 2026
- S8Trident Announces Refinancing of Mountain West Brands (August 6, 2024) Accessed November 5, 2026
- S9Trident job posting: Chief Financial Officer, Dependable Mechanical Corp. (October 9, 2026) Accessed November 5, 2026
- S10Trident graduates first American Dreams Fellows, with earlier size criteria (September 18, 2023) Accessed November 5, 2026
- S11Bluejay Capital: News & Media (dated listing of the August 2026 Priority Courier Experts releases) Accessed November 5, 2026
- S12Bluejay Capital: Portfolio (Priority Courier Experts and its add-ons) Accessed November 5, 2026
- S13FreightWaves: Private equity group rolls up 3 small firms for courier network Accessed November 5, 2026
Compiled by Greymont Advisors from public sources, including the firm’s own website and press releases. Greymont is not affiliated with Trident. Figures are as reported on the dates shown and may have changed. Request a correction