Tritium Partners Launches Financial Technology Acquisition Platform with Max Narro

Austin, Texas – March 22, 2016 – Tritium Partners, a leading growth-focused private equity firm, announced the formation of a new acquisition platform with Max Narro. This new platform will focus on acquiring companies and products in the financial technology sector.

Mr. Narro joins Tritium as a CEO Partner in the Tritium CEO Partners™ program where he will work closely with the firm to establish investment themes, execute acquisitions of growth companies, and serve as a Director and CEO of the new platform company. Tritium’s principals established this program over a decade ago in order to invest alongside top-notch executive talent through buy-and-build strategies.

A 30-year veteran of the financial industry, Mr. Narro most recently served as the President of Worldpay U.S. with leadership responsibility over its small business segment. During his tenure at Worldpay, a $5.5 billion payment processor, he played an instrumental role in helping the company achieve a successful IPO and in completing its acquisition of SecureNet Payment Systems in order to accelerate its integrated payments and multi-channel commerce strategies. Prior to Worldpay, Mr. Narro held senior-level executive positions at Fiserv and First Data with corporate development and leadership responsibilities over multiple digital payments initiatives and business lines including account opening and money movement, card processing, fraud and security, mobile commerce, loyalty, and P2P payments. He also served as a senior executive at Southern States Cooperative where he played a key leadership role in overseeing the growth and evolution of the company’s consumer financing and wholesale credit lending businesses.

“We are excited to partner with Max to build a leading, high-growth company in the financial technology sector,” said Matt Bowman, Partner at Tritium. “Over his tenured career, Max has an impressive track record of not only driving exceptional operational performance, but also in identifying strategic opportunities to stay ahead of the innovation curve in order to deliver superior products and services. His operational skills and strategic instincts will be extremely valuable to the companies we acquire together.”

“Tritium is committing significant capital and resources to form this platform company, and I am thrilled to be benefiting from their extensive industry experience and their proven success at building market-leading companies,” said Mr. Narro. “It is an attractive time to launch this partnership given the rapid evolution occurring in the financial technology sector and the ensuing opportunities to capitalize on these transformative changes. We are actively evaluating multiple strategies to build an enduring, growth company while targeting the right businesses and people to help make it happen.”

“This partnership reflects our ongoing commitment to the Tritium CEO Partners™ program as well as our continued investment focus in financial services,” added Phil Siegel, Co-Founder and Managing Partner at Tritium. “Our program and approach to partnering with strong executives like Max to identify compelling investment strategies and platform companies further sets us apart as a leading, growth-focused investor in the lower middle market.”

Tritium’s investment in this new platform company will be made from the Tritium I funds, the firm’s inaugural funds launched in 2015.

About Tritium Partners

Founded in 2013, Tritium Partners, LLC (www.tritiumpartners.com) is a private equity firm focused on buyouts of growth companies in the lower middle market. For over a decade, the founders of Tritium have deployed over $700 million of equity capital while partnering with talented founders and executives to build market-leading companies. Tritium’s investment approach emphasizes acquiring majority positions in profitable companies and creating long-term value through internal growth initiatives and acquisitions, with a particular focus on three core sectors: Internet and information services, supply chain and logistics, and financial and business services.