Miami’s Trivest promotes Elias

The veteran middle-market buyout firm names a new managing director who participated on the firm's successful Aerobed deal.

Trivest Partners, a Miami-based middle-market buyout firm, today announced that Jamie Elias has will be promoted to managing director effective April 1.

 

Elias joined Trivest in 1997. Prior to receiving his MBA at Harvard University, he worked as a CPA at PricewaterhouseCoopers.

 

Elias was on the board of one of Trivest’s most successful investments ever – Aero International, a maker of inflatable beds that Trivest acquired in 2001 with $30 million in equity and sold at the end of 2002 to Investcorp for $231.5 million.

 

Trivest was founded in 1981 by Earl Powell, the firm’s current chairman and chief executive officer.

 

In 2001, the firm closed its third fund on $316 million.