Turning Basin Capital Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Turning Basin Capital Partners has invested in 1 company.

Turning Basin Capital Partners’ most common sectors for investment areenergy services and equipment (40%) and business services (20%) . The Firm’s most common investment types include growth capital (20%) and recapitalization (20%). In total, Turning Basin Capital Partners has invested in 5 US states. Its largest (disclosed) acquisition occurred in 2016 when it acquired BBB Tank Services for $5M.

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M&A Summary

  • M&A Total Activity5
    • M&A Buy Activity5
  • Total Sectors Invested 4
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 4

Turning Basin Capital Partners

13 S. 13th Street,
Richmond, Virginia 23219
United States
(804) 780-1900
www.turningbasin.com

Turning Basin Capital Partners is a private equity firm focused on lower middle-market energy companies. Specific areas of interest include service providers and equipment manufacturers focused on oil and gas development, production, and transportation as well as power generation and distribution. Turning Basin seeks to invest $2 to $5 million for controlling stakes in profitable companies with $1 to $5 million of EBITDA. The Firm will consider opportunities throughout North America but has a preference for opportunities in the Southeast and Gulf regions of the US. Turning Basin Capital Partners was formed in 2013 and is based in Richmond, Virginia.


Investment Criteria

Sectors of Interest: Business Services, Energy Services and Equipment, Infrastructure, Machinery, Renewable Energy, Utilities

Target Transaction Types: Buyout (LBO, MBO, MBI), Recapitalization

Geographic Preferences: East US, Midwest US, South US, West US, Canada

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA 1 5
Investment Size 2 5
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 4 - 1 - - - 5
vol $5M $5M
Sell (0.0/yr) # - - - - - - 0
  5

Most Recent M&A

Company Date Value Type
Commercial Energy Specialists 2021-04-01 - Stake Purchase
Jupiter, Florida · www.ceswaterquality.com
Liberty Towers LLC 2019-04-10 - Divestiture
Rohrersville, Maryland · www.libertytowers.net
Pinnacle Manufacturing LLC 2018-02-14 - Growth Capital
Boaz, Alabama · www.pinnaclemfg.net
BBB Tank Services, Inc. 2016-04-19 5M USD Recapitalization
Corpus Christi, Texas · www.bbbtankservices.com
ShalePro Energy Services LLC 2015-09-03 - Consolidation
Houston, Pennsylvania · www.basinenergygroup.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Energy Services and Equipment 2 (40%) - 2 (40%) -
Business Services 1 (20%) 5M (100%) 1 (20%) 5M (100%)
Distribution 1 (20%) - 1 (20%) -
Manufacturing 1 (20%) - 1 (20%) -
Total 5 $5M 5 $5M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 5 (100%) 5M (100%) 5 (100%) 5M (100%)
  Texas 1 (20%) 5M (100%) 1 (20%) 5M (100%)
  Pennsylvania 1 (20%) - 1 (20%) -
  Maryland 1 (20%) - 1 (20%) -
  Florida 1 (20%) - 1 (20%) -
  Alabama 1 (20%) - 1 (20%) -
Total 5 $5M 5 $5M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Recapitalization 1 (20%) 5M (100%) 1 (20%) 5M (100%)
Consolidation 1 (20%) - 1 (20%) -
Divestiture 1 (20%) - 1 (20%) -
Growth Capital 1 (20%) - 1 (20%) -
Stake Purchase 1 (20%) - 1 (20%) -
Total 5 $5M 5 $5M

Deal Values

buy # Total
< $100M 1 $5M
TOTAL $5M
Largest BBB Tank Services, Inc.
$5M (2016-04-19)

M&A Connections

Deals
Acquired from
Strategic(s)
20%
1 (20%)

Investor Summary

Investor Type

Private Equity Firm

Size

Small

Established

2013

Specialist/Generalist

Specialist

Leadership

Henry Berling

Founding Member & Managing Director

Thomas Willingham

Founding Member & Managing Director

Mark Murray

Managing Director

Kevin Johnson

Director

FAQ

When was Turning Basin Capital Partners founded?

Turning Basin Capital Partners was founded in 2013.

What type of investor is Turning Basin Capital Partners?

Turning Basin Capital Partners is a private equity firm.

Where is Turning Basin Capital Partners headquartered?

Turning Basin Capital Partners is headquartered in Richmond, Virginia.

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