When Jayson Waller says he’s fully invested in his solar company, Powerhome, he means it. In 2017, when the business was running low on capital, he downsized to a smaller home and invested the profits into the company. A few months later, Waller partnered with Trivest Partners, which bought a 25% stake in Powerhome for $15 million. Trivest got to work implementing a series of improvements, in collaboration with Waller. Fast forward five years and Powerhome has grown annual revenue more than 15 times over, from $40M to $700M, while expanding its business from four states to 15 .
Family-run businesses tend to have the most opportunities to create new efficiencies, says Trivest partner Jamie Elias. “The founder has done an unbelievable job of creating a unique business model, but there is that next level they want to get to,” he says. “We assist them in getting there.” Trivest has more than 40 companies in its portfolio, many of which were family-owned businesses when the firm invested.
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