Trinity Hunt Partners, a Dallas-based private equity firm, has officially launched business advisory platform Springline Advisory. The new Dallas-headquartered company will be led by Tim Brackney, formerly president and COO of consulting firm RGP.
Springline was created last year when Trinity Hunt invested in the advisory business of MarksNelson, a Kansas City-based accounting and consulting firm. The transaction split off the advisory division from MarksNelson, which had approximately 150 employees across its business lines.
Trinity Hunt is currently pursuing acquisitions to grow the Springline platform, seeking out peer companies with complementary advisory services that expand capabilities and national footprint.
“Springline represents the epitome of our investment philosophy – partnering with great service businesses to foster innovative models that lead to exceptional client and people outcomes,” said George Morgan, partner at Trinity Hunt Partners.
Trinity Hunt has $2 billion in assets under management and focuses on middle-market business, healthcare, and consumer services companies. The firm targets companies with $10 million+ in annual revenue and $2 million+ in Ebitda.
Tim Brackney has joined as CEO of Springline, bringing over 25 years of professional services industry experience. He previously spent 22 years with RGP, latterly serving as president and chief operating officer. Before that, he was EVP for revenue and SVP for the North Pacific region.
Prior to his tenure at RGP, Brackney spent seven years at PwC, latterly as a senior manager.
“I am excited to join Springline Advisory and steward its development into a premier national business advisory platform,” Brackney said. “We’re committed to equipping and fortifying the strengths of the firms with whom we partner, with an array of shared services and advanced technologies. This model is designed to bolster our ability to increase service delivery capacity, advance talent acquisition, employee learning and development, and strengthen client and colleague relationships.”