M&A Deal Summary

OMERS Private Equity Acquires Turnpoint Services

On November 17, 2020, private equity firm OMERS Private Equity acquired business services company Turnpoint Services from Trivest Partners

Acquisition Highlights
  • This is OMERS Private Equity’s 3rd transaction in the Business Services sector.
  • This is OMERS Private Equity’s 22nd transaction in the United States.
  • This is OMERS Private Equity’s 1st transaction in Kentucky.

M&A Deal Summary

Date 2020-11-17
Target Turnpoint Services
Sector Business Services
Buyer(s) OMERS Private Equity
Sellers(s) Trivest Partners
Deal Type Secondary Buyout
Advisor(s) GreenbergTraurig (Legal)

Target

Turnpoint Services

Louisville, Kentucky, United States
website
Turnpoint Services provides a comprehensive range of plumbing, electrical, and HVAC installation and repair services. The Company currently operates in thirteen states throughout the Southeast and Midwest regions and is nationally recognized as a Top-10 plumbing and HVAC service business. Turnpoint Services was formed in 2016 and is based in Louisville, Kentucky.

Search 192,723 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

OMERS Private Equity

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1987
PE ASSETS 19.8B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

OMERS Private Equity, Inc. is the private equity arm of the Ontario Municipal Employees Retirement System. OMERS invests in buyout, venture, and mezzanine funds as well as makes direct private equity investments in North American companies with and enterprise value of $200 million to 1.5 billion. Target sectors include manufacturing, financial and business services, industrial and consumer products, transportation, and technology. OMERS Private Equity was formed in 1987 and is based in Toronto, Ontario.


DEAL STATS #
Overall 45 of 55
Sector (Business Services) 3 of 5
Type (Secondary Buyout) 25 of 33
State (Kentucky) 1 of 1
Country (United States) 22 of 28
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-14 NovaSource Power Services

Austin, Texas, United States

NovaSource Power Services is a provider of solar operations and maintenance (“O&M”) services to utility, commercial, industrial, and residential customers, with over 20GW of solar assets under management. NovaSource operates a global footprint with a presence in North America, South America, EMEA, Asia, and Australia. NovaSource Power Services is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-03 Precisely

Burlington, Massachusetts, United States

Precisely is a provider of data integrity software. The Company provides accuracy, consistency, and context in data for 12,000 customers in more than 100 countries. Precisely’s data integration, data quality, data governance, location intelligence, and data enrichment products power better business decisions to create better outcomes. Precisely is based in Burlington, Massachusetts.

Buy -

Seller(S) 1

SELLER

Trivest Partners

Coral Gables, Florida, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1981
PE ASSETS 4.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION
Trivest's corporate headquarters in Coral Gables, Florida.
Trivest's corporate headquarters in Coral Gables, Florida.

Trivest is a private equity firm that invests in North American middle-market corporate acquisitions, recapitalizations, and growth capital financings. For platform investments, sectors of interest include niche manufacturing, value-added distribution, business services, and consumer products/services. The Firm seeks businesses with at least $4 million of EBITDA and valued between $20 and $250 million. Trivest prefers control-based situations but will also consider minority or co-investment opportunities. For add-on opportunities, Trivest will consider companies globally with valuations starting at $1 million. Trivest Partners was formed in 1981 and is based in Coral Gables, Florida.


DEAL STATS #
Overall 27 of 34
Sector (Business Services) 2 of 4
Type (Secondary Buyout) 11 of 15
State (Kentucky) 1 of 1
Country (United States) 24 of 31
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-20 Unosquare

Lake Oswego, Oregon, United States

Unosquare is an outsourced software engineering and development company. Unosquare provides outsourced software development services along with complementary practices such as quality assurance, mobile development, UX/UI design, business intelligence, project management, and platform customization & integration.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 Brothers National

Manassas, Virginia, United States

Brothers National is an operator of a premier asphalt, concrete and paving company. Brothers National was founded in 1985 and is based in Manassas, Virginia.

Buy -