TRP Mid-Year 2026 Update
- Jul 29
- 2 min read
Year-to-date 2026 has been an active and productive period for TRP, marked by one new platform investment, six add-on acquisitions, three greenfield expansions, and other notable achievements highlighted below.
In March 2026, TRP closed on a new platform investment, Velocity Restorations ("Velocity"). Velocity is a leading luxury restomod builder based in Pensacola, FL, specializing in fully rebuilt classic vehicles enhanced with modern performance and premium upgrades. TRP has partnered with the Company's founder to accelerate growth and expand Velocity's presence in the luxury restomod market.
Emerald Auto has completed two acquisitions in 2026, consisting of four operating locations. The Company now has 14 locations, more than double the footprint when we partnered with management in December 2025. Emerald has numerous acquisition opportunities in the pipeline and continues to execute on other strategic initiatives.
Driving Force Collision ("Driving Force") closed on its third and fourth acquisitions in the first half of 2026, bringing the Company up to eight operating locations. Driving Force has several additional opportunities under LOI and several acquisitions in the pipeline.
Star Logistics expanded to its second region in Baltimore, MD in July, adding 60k square feet of capacity to serve customers across the greater D.C., Baltimore, and Virginia markets. The Company continues to evaluate new geographic markets while executing on organic growth and efficiency initiatives in its existing markets.
Jax Kar Wash ("Jax") added one new location in the first half of the year, expanding its footprint to 67 locations across the Midwest. Jax remains the leading car wash provider in Michigan and Wisconsin. The Company was also proud to be named Best Auto Detailing/Car Wash for Best of Detroit 2026 from Hour Detroit Magazine.
Lifted Trucks opened two new dealership locations in Texas this year, expanding its presence to 17 retail stores. The Company expects to open at least two more stores in 2026 with numerous additional locations in the pipeline.
Diversified Technologies International ("DTI") closed on the acquisition of Majestic Industries in March. The acquisition expands DTI's capabilities in progressive and transfer die design and high tonnage off-load stamping.
About TRP
Founded in 1997, TRP Capital Partners is a private-equity firm specializing in growth-oriented, lower-middle-market investments across the transportation sector. TRP has invested over $1.2 billion across 35 portfolio platforms, bringing deep industry knowledge and operational experience to every partnership.
We are actively looking for investments with the following criteria:
General: growth oriented, lower-middle-market businesses
EBITDA: $5mm - $40mm; no minimum for add-ons
Equity per Transaction: $20mm - $70mm
Industries: Logistics and Supply Chain, Dealerships and Related Services, Aftermarket Solutions, Specialty Manufacturing and Distribution, Education and Training, Energy and Environmental, Commercial Services
Value-add: through our team’s significant industry expertise, combined with our extensive operating network and strategic investor group, TRP seeks to identify opportunities where we can add meaningful value to a business
Seller Type: entrepreneur founded businesses, PE exits, corporate carve-outs, challenged businesses with attractive growth opportunities
Transaction Type: buyout, growth equity, control, minority
For additional information on TRP, please feel free to reach out to any of our team members.
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