Lower middle market growth private equity firm
Tritium Partners
- HeadquartersAustin, TX S1
- Founded2013 S2
- Websitetritiumpartners.com
- Last verifiedOctober 26, 2026
At a glance
| Latest fund | Tritium III, $684M (Jan 2023) S5 |
|---|---|
| EBITDA range | Up to $15M S1 |
| Revenue range | $5M to $75M S2 |
| Check size | $20M to $100M S2 |
| Deal types | Platform, Minority, Growth, Add-on S2 |
| Sectors | Software & SaaS, Transportation & Logistics, Insurance Brokerage, Roofing |
What Tritium Partners buys
Tritium Partners is an Austin, Texas firm, with a second office in Lehi, Utah, that backs fast-growing technology and services companies. Founded in 2013, it has raised nearly $1.5 billion across its funds, including the $684 million Tritium III closed in January 2023. It looks for companies with $5 million to $75 million of revenue and less than $15 million of EBITDA, and it invests $20 million to $100 million of equity at enterprise values of about $30 million to $150 million. Its five focus areas are fintech and financial services, online marketplaces, software and data, supply chain and logistics, and tech-enabled business services.
Tritium takes majority or minority stakes, and its deals usually give owners some cash while adding money for growth and add-on acquisitions. Recent activity leans toward software, such as the 2025 Loxo investment, but it still owns service businesses such as an insurance and benefits advisor and a Texas roofing contractor. Its listed portfolio has no IT services or managed service providers.
Recent deals
Announced in the 24 months before October 26, 2026.
| Date | Company | Type | Sector | Source |
|---|---|---|---|---|
| Dec 2025 | Inova PayrollNashville payroll and HR services provider; UKG agreed to acquire it | Exit | Source | |
| Aug 2025 | ChairishOnline marketplace for vintage and design home furnishings sold to Auction Technology Group for $85 million | Exit | Source | |
| Feb 2025 | LoxoGrowth investment in a recruiting software company as part of a $115 million transaction; a new executive chairman joined | Growth | Software & SaaS | Source |
Portfolio by sector
From the firm's portfolio page S3.
FinTech & Financial Services / Online Marketplaces
- The Savings Group
FinTech & Financial Services / Tech-Enabled Business Services
- Symphony Risk Solutions
- TEZ
Online Marketplaces
- ExpertVoice
- RVshare
- ToursByLocals
Online Marketplaces / Supply Chain & Logistics
- CharterUP
Online Marketplaces / Tech-Enabled Business Services
- Vacation Innovations
Software, Data & Analytics
- Loxo
- Stukent
- VanillaSoft
Software, Data & Analytics / Tech-Enabled Business Services
- AutoVitals
- Inbenta
- PublicRelay
Supply Chain & Logistics
- ProTrans
Supply Chain & Logistics / Tech-Enabled Business Services
- Global Access
Tech-Enabled Business Services
- Heritage Roofing & Construction
Greymont’s take
How Tritium Partners fits a seller
Tritium suits the founder of a growing software, marketplace, logistics or tech-enabled service company who wants to take some money off the table but keep a real stake and a role. The firm says it is flexible on how much ownership a founder keeps and how much new money goes into growth, and it will buy out early investors or less active co-founders. Its Loxo deal in February 2025 also brought in a new executive chairman, so owners should expect hands-on board help.
Its recent exits were sales to larger companies: Chairish to Auction Technology Group in August 2025, and Inova Payroll, which UKG agreed to buy in December 2025. An owner should ask how long Tritium expects to hold and what size of exit it is aiming for, and, in a minority deal, what say Tritium will have over a future sale.
Questions owners ask
What size company does Tritium Partners invest in?
It targets companies with $5 million to $75 million of revenue and under $15 million of EBITDA, investing $20 million to $100 million of equity in businesses valued at about $30 million to $150 million.
Does Tritium still back services companies, or only software?
Both. Tech-enabled business services is one of its five focus areas, and current holdings include Symphony Risk Solutions, an insurance and employee benefits advisor, and Heritage Roofing & Construction in Texas. Its listed portfolio has no IT services or managed service providers.
Will Tritium take a minority stake?
Yes. The firm says it takes majority or minority positions and is flexible on how much ownership a founder keeps, often pairing some cash for existing owners with new capital for growth.
What fund is Tritium investing from?
Its third fund, Tritium III, held its final close in January 2023 with $684 million of commitments, above its target, bringing the firm to nearly $1.5 billion of commitments across its funds.
Sources
- S1Tritium Partners home page Accessed October 26, 2026
- S2Tritium Partners: About Us Accessed October 26, 2026
- S3Tritium Partners: Investments Accessed October 26, 2026
- S4Tritium Partners: News Accessed October 26, 2026
- S5Tritium Partners Secures $684 Million for Third Growth-Focused Private Equity Fund (January 27, 2023) Accessed October 26, 2026
- S6Loxo Secures Growth Investment Led by Tritium Partners (February 20, 2025) Accessed October 26, 2026
- S7ATG Acquires Chairish, Inc. (August 4, 2025) Accessed October 26, 2026
Compiled by Greymont Advisors from public sources, including the firm’s own website and press releases. Greymont is not affiliated with Tritium Partners. Figures are as reported on the dates shown and may have changed. Request a correction