Transportation Resource Partners (“TRP”) seeks to make investments in growth oriented businesses in the transportation sector. The Firm capitalizes on strategic relationships, commercial synergies, and the transportation expertise of all of its partners, including Penske Corporation and its subsidiaries, partners, and affiliates.
TRP's philosophy is to support existing management teams while giving them autonomy to run the business. TRP's principals have 75+ years of experience in the areas of finance and transportation-related investing.
Former portfolio companies include Penske Automotive Group and Universal Technical Institute, which are publicly-traded under the symbols NYSE: PAG and NYSE: UTI.
While the majority of our investments have been transportation oriented and focused on their potential leverage opportunities associated with our strategic partners, we are, in fact, open to any investment that meets the criteria listed here.
We are a middle market investor interested in strong management teams that can take solid companies to the next level.
At TRP, we know that the effort we put into analyzing investment opportunities both prior to and after an acquisition results in a better partnership with our portfolio’s management teams and stronger returns for all TRP stakeholders.
TRP's investment philosophy is built around a productive relationship with company management. Throughout the life of an investment, the TRP Principals work to build a solid partnership with management resulting in exceptional investment returns. TRP does not get involved in the day-to-day execution of the Business Plan. Instead, it provides companies with a variety of contacts in both the strategic and financial arenas, as well as industry knowledge gained from over 100 years of business expertise. TRP will work with management to help set operational and strategic goals through a presence on the company's Board of Directors or specific project teams. TRP offers the opportunity for significant equity ownership to our management partners. When the appropriate time to exit arrives, TRP will work with management to pursue a variety of options including a public offering, private sale or a recapitalization.
James A. Hislop is a Managing Director of TRP. Jim was formerly a Managing Director in the Investment Banking Division of Merrill Lynch. Outside of TRP, Jim is the Vice Chairman of the New York Chapter of Lumen Institute.
Prior to joining TRP, David R. Mitchell spent 12 years in management consulting including experience as a Senior Manager with Deloitte Consulting in the automotive and manufacturing practice, and a Senior Consultant with Accenture. Dave holds a BS degree in Chemical Engineering from the University of Notre Dame and an MBA from the Stanford University Graduate School of Business.
Steven G. Carrel joined TRP in July 2004. Before joining TRP, Steve worked as an Associate at Penske Capital Partners, TRP's predecessor fund, from 1998 through 2002. Prior to his work at Penske Capital Partners, Steve worked as an analyst in the Investment Banking Division of Merrill Lynch. Steve earned his B.S. in Finance from the Pennsylvania State University and his MBA from the Harvard Graduate School of Business.
Michael A. DiRienzo joined TRP in July 2003. Prior to joining TRP, he was an Analyst in the Global Communications, Media and Technology Investment Banking Group at Merrill Lynch. Michael graduated from the Stern School of Business at New York University with a bachelor's degree in both Finance and Accounting.
Michael F. Vellucci joined TRP in February 2010. Prior to joining TRP, he worked in General Electric's Financial Management Program. Michael graduated Summa Cum Laude from the Robert H. Smith School of Business at the University of Maryland with a bachelor's degree in both Finance and Accounting.
Karen A. Hansen has been working with TRP since 2003. In addition to her work at TRP, she was the Assistant Controller of Penske Corporation from 2003 to 2006. Prior to her work at Penske Corporation, she worked for Deloitte & Touch LLP, where she earned her license as a Certified Public Accountant. Karen graduated from Central Michigan University with a bachelor’s degree in Accounting.