Province, a nationally recognized leader in restructuring and financial advisory, announced today a significant capital investment from Trivest Partners, a private equity firm specializing in the middle market.
This strategic partnership positions Province to accelerate its growth and expand its market presence effectively.
The investment, brokered by Trivest Partners, which manages over $5.5bn in assets, aims to enhance Province’s already robust financial advisory and consulting services. Based in Las Vegas, Nevada, Province has carved out a dominant position in the financial advisory landscape since its inception in 2008.
Province offers a comprehensive range of services designed to aid institutional investors, debtors, creditors, and trustees in managing complex financial, operational, and legal challenges. The firm’s expertise spans across creditor and corporate advisory, performance improvement, trust & liquidation, and litigation services. With a strong foothold in the market, reflected in its consistent high rankings in advisory league tables, Province employs over 85 specialized advisors across five national offices.
The new funds will be directed towards expanding Province’s service offerings and geographic footprint.
Paul Huygens, Principal at Province, expressed his enthusiasm for the new growth phase. He said, “team at Trivest immediately understood our unique vision and culture. Both their proven track-record working with founder-owned businesses and strong commitment to forging a genuine partnership throughout the investment process made partnering with them a natural choice. We are excited to work with them as we usher-in the next phase of our growth strategy.”
Mario R. Masrieh, Principal at Trivest Partners,said, “We see incredible potential in the restructuring and financial advisory market and have been impressed by the professionalism, expertise, and reputation Province has developed in the space.
“Under their leadership, Paul and Peter have instilled a strong client-first culture predicated on winning and providing best-in-class services. The firm has all the hallmarks we look for in a partnership and we look forward to building upon their great successes to date.”
The deal was facilitated by Clearsight Advisors as the exclusive financial advisor and GTC Law Group PC, with Benesch, Friedlander, Coplan & Aronoff LLP acting as legal advisor to Trivest Partners.
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