Trive Capital has made a strategic investment in Illumis Global to accelerate the company’s expansion and establish a comprehensive vendor management platform serving enterprises across multiple industries. The investment brings together Illumis’ long-standing expertise in accounts payable recovery audits and business intelligence with Trive’s growth resources and operational capabilities.
Illumis Global, founded in 1994 and headquartered in Mount Pleasant, South Carolina, provides profit recovery audits, contract compliance services, supply chain optimization support, and analytics solutions. The company’s proprietary audit tools, IQ and Knowledge Exchange, enable teams to reconcile accounts directly with suppliers, delivering higher recovery outcomes and improved financial transparency for clients.
Jason Lipari will continue as President of Illumis and lead the company through its next growth stage. The partnership is intended to strengthen Illumis’ technology investments, broaden its audit capabilities, and launch a proprietary Group Purchasing Organization to expand savings opportunities for customers. The combined strategy centers on creating a unified vendor management platform designed to improve recovery rates, enhance supplier relationships, and reduce operational risk.
Executives from Trive Capital highlighted Illumis’ position as a leading audit and financial recovery provider with a track record of strong results across complex spend categories. Trive emphasized that the company’s differentiated technology and data-driven operating model provide a foundation for scaling additional services and addressing evolving supply chain requirements.
Trive Capital manages more than $8 billion in regulatory assets and invests in middle-market companies with potential for meaningful operational improvement. Its team has participated in more than 250 transactions representing over $10 billion in revenue across targeted sectors.
KEY QUOTES:
“Illumis’ data-driven and white glove approach has established the Company as a premier provider of accounts payable audit solutions with industry leading recovery rates. Through strategic investment in technology and complementary capabilities, we are excited by the opportunity to partner with the Illumis management team and build out a comprehensive vendor management platform to further serve its clients.”
Eric Hsu, Managing Director at Trive Capital
“This partnership with Trive represents an exciting new chapter for Illumis Global. With Trive’s support, we will accelerate the expansion of our audit services, invest in advanced technology, and launch a proprietary Group Purchasing Organization (GPO) to deliver additional savings for our clients. Our shared vision is to create a vendor management platform that enhances financial recovery, strengthens vendor relationships, and reduces risk for our clients. I am incredibly proud of the Illumis team and the culture we have built, and I look forward to the opportunities ahead as we continue to grow and innovate.”
Jason Lipari, President of Illumis Global
“Illumis has established itself as a trusted partner to leading organizations by delivering tangible cost savings and improving transparency across complex spend categories. We believe the Company’s differentiated service offering and deep industry expertise positions it as a clear leader, and we are excited to support Illumis through its next stage of growth.”
Blake Bonner, Partner at Trive Capital
“This investment represents an opportunity to build on Illumis Global’s strong foundation, partner with a talented management team, and create a scaled platform that addresses customer needs across increasingly complex supply chains.”
Conner Searcy, Co-Founder and Managing Partner at Trive Capital
