Trigran Investments, Inc.

Overview

Trigran Investments, Inc. is a private investment firm based in Northbrook, Illinois, specializing in managing investor capital in the small-cap equity space. The firm utilizes fundamental research to construct long-only portfolios that aim to outperform the market over the long term. Trigran manages two pooled investment vehicles for qualified clients and a limited number of separately managed accounts. The firm's investment strategy focuses on small-cap companies across multiple sectors, including technology, healthcare, industrial products, industrial services, business services, and consumer goods. Trigran targets investments in companies with an EBITDA range of $1–5 million and an EBITDA margin of 10–30% or more. The firm engages in transaction types such as majority recapitalizations, management buyouts, and family succession plans, with a patient and permanent capital investment horizon. Management equity participation is preferred or required. Trigran Investments has a history of active portfolio management, including reducing stakes in companies like Red Violet Inc. and Ooma Inc. in recent years. The firm's approach emphasizes strategic insight, operational support, and permanent capital offerings to drive long-term sustainable value for its investors.

Investment Focus

• Qualified clients
• Management equity participation

Portfolio Companies