Trivest invests in the Applied Value Group to accelerate its global expansion, increase its management consulting services, and improve its cost and capital efficiency solutions.

Trivest Partners, a private equity firm with nearly $6 billion in assets under management, announced a substantial capital commitment to two of the premier management consulting firms, Applied Value Group. The alliance should also fuel the growth of Applied Value and enhance its reputation based on delivering cost and capital efficiency gains to its Fortune 500 and private equity clients.

Applied Value was started in 1997, concentrating on gross margin expansion, fixed cost reduction and working capital efficiency. The firm intends to increase its services offering, acquire add-ons with the help of Trivest, and further widen its geographical locations, specifically in North America and the Nordics.

Applied Value Group will oversee the consultancy processes of the firm, and Applied Invest LLC will be in charge of the family office investment, and the codesigned firm will also handle its social impact activities. Ryan Huff, who is the current CEO, and Bruce Grant, the founder of the company, will remain in the leadership of the firm through its next phase of evolution.

Bruce Grant insisted that Applied Value was established to offer execution-related value solutions. Trivest will enable us to realize long-term growth in a shorter time frame and maintain the distinctiveness that makes us a success, he added.

Ryan Huff said Trivest was the right partner to scale the Applied Value business in the competitive environment of management consulting.

Applied Value Managing Director Kynan Hughes touted the firm's focus on excellence and long-term orientation with its clients, in a way that chimes with the approach of Trivest.