Firm at a glance
Trilogy Search Partners is an independent sponsor founded in 2014 and headquartered in Mercer Island, WA, per its own website [S1].
What they buy
The firm’s portfolio reflects a concentration in B2B services, software, and healthcare businesses, per its publicly listed holdings [S2]. Approximately half of the disclosed portfolio companies operate in B2B services sectors, with software representing the second-largest category. The firm maintains offices in both Mercer Island, WA and San Francisco, CA, and reports access to over $240 million in committed, patient capital [S1].
Portfolio
B2B Services
ACES Monitoring, ASI Group, Automotive Business Solutions, BEX Realty, Botanical Designs, BSU Electronics, Canyonlands Camps, Castle Tire, CITTA Brokerage Co., Contact Centers Dominicana, CSW, Dragonfly Pond Works, and DriveSafe [S2].
Software
Ascend Software, BP Logix, Bridge Insure, BroadPeak Partners, Cerbo, Clariti, Crystal Practice Management, Efficient Hire, and Emporos [S2].
Healthcare
Abound Health, Crown Health, and Dynamic Growth [S2].
Tech-Enabled Services
Advanced Aircrew Academy and Critical Path Security [S2].
Other Holdings
Ennoble, RMC, ITpipes, and Kush [S1].
Recent activity (last 24 months)
No recent public transactions were surfaced in the available data as of January 2025.
How this firm fits a seller
As an independent sponsor, Trilogy Search Partners typically structures transactions with capital raised on a deal-by-deal basis rather than from a traditional closed-end fund. The firm’s reported access to patient capital suggests flexibility in hold periods and growth timelines [S1]. The portfolio composition indicates experience with founder-owned businesses across B2B services and vertical software, sectors where owner-operators frequently seek succession partners. Sellers in software, healthcare services, or specialized B2B services may find sector alignment with the firm’s demonstrated investment history [S2].
Sources
[S1] https://trilogy-search.com (as of 2025-01-15)
[S2] https://trilogy-search.com/portfolio (as of 2025-01-15)
Frequently asked questions
Does Trilogy Search Partners buy software businesses?
Yes, approximately one-third of the firm’s disclosed portfolio consists of software companies, including Ascend Software, BP Logix, Bridge Insure, Cerbo, Clariti, and Crystal Practice Management, among others [S2]. The firm appears to focus on vertical software and practice management solutions based on its publicly listed holdings.
What companies has Trilogy Search Partners acquired recently?
The firm’s portfolio includes Abound Health, ACES Monitoring, Advanced Aircrew Academy, Ascend Software, ASI Group, and Automotive Business Solutions, among approximately 30 other holdings [S2]. Specific acquisition dates were not publicly disclosed for these investments as of January 2025.
Where is Trilogy Search Partners based and how big is the firm?
The firm is headquartered in Mercer Island, WA, with an additional office in San Francisco, CA [S1]. Trilogy Search Partners reports access to over $240 million in committed, patient capital as of January 2025 [S1].
Is Trilogy Search Partners still actively acquiring?
The firm maintains an active website and portfolio page as of January 2025 [S1]. However, no specific transactions within the trailing 24 months were identified in publicly available sources during this research period.
This profile is maintained by CT Acquisitions as an independent third-party reference. CT Acquisitions is not affiliated with, endorsed by, or a representative of the firm profiled. All facts sourced from publicly available materials as of the dates cited.