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RIA · CRD 329350State-Registered Investment Adviser

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Triathlon Partners

TRIATHLON PARTNERS LLC is a state-registered investment adviser with $60 million in regulatory assets under management. The firm manages $11 million on a...

Overview

TRIATHLON PARTNERS LLC is a state-registered investment adviser with $60 million in regulatory assets under management. The firm manages $11 million on a discretionary basis. It has 1 employee and 1 investment adviser.

General information

Firm type

RIA

Year founded

2006

Location

Region

North America

Country

United States

City

Bronxville

Corporate office

Bronxville, NY, United States

Principals

Scott Roman

Founder & Managing Partner

Sector focus

Consumer & RetailIndustrial TechReal EstateManufacturing

Frequently asked questions

What is the source of Triathlon Partners' capital?

The office manages family wealth generated by Scott Roman's acquisition, turnaround, and 2005 sale of Dan River Inc., a historic textile manufacturer. Roman bought Dan River out of bankruptcy in the late 1990s, restructured its operations, and sold the company to Gujarat Heavy Chemicals Ltd., creating the liquidity that capitalized Triathlon Partners the following year.

How does Triathlon Partners source and structure its investments?

Triathlon pursues control-oriented acquisitions in lower-middle-market industrial, manufacturing, and consumer-product companies. The office does not run an auction-driven sourcing process. Scott Roman and his network originate proprietary deals through long-standing executive relationships, with a preference for founder-succession situations and corporate carve-outs where the office can install operating leadership.

How does Triathlon's investment approach differ from a traditional private-equity firm's?

Triathlon functions as an owner-operator rather than a financial sponsor. Scott Roman and his small team take direct management roles or install operating partners in portfolio companies, focusing on procurement, operations, and organic growth rather than financial engineering or leverage-driven returns. The absence of fund-level fees and a limited-partner exit timeline allows the office to prioritize operational performance over a three-to-five-year liquidity event.

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