Turnspire Capital Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Turnspire Capital Partners has acquired 7 companies.

Turnspire Capital Partners’ most common sectors for investment areautomotive (22%) and manufacturing (22%) . The Firm’s most common investment types include divestiture (58%) and secondary buyout (22%). In total, Turnspire Capital Partners has invested in 10 US states and 2 different countries. Its largest (disclosed) acquisition occurred in 2020 when it acquired Stemco Products for $40M.

In the last 3 years, Turnspire Capital Partners has exited 3 companies. The Firm’s most common exit type is trade sale (75%).

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M&A Summary

  • M&A Total Activity18
    • M&A Buy Activity14
    • M&A Sell Activity4
  • Total Sectors Invested 10
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 9
  • M&A Advisors 7

Turnspire Capital Partners

Turnspire Capital Partners

19 West 44th Street, Suite 1410,
New York, New York 10036
United States
(646) 558-1600
www.turnspirecap.com
info@turnspirecap.com

Turnspire Capital Partners is a private investment firm focused on acquiring North American companies that have reached 'strategic, operational, or financial inflection points' with their business and could benefit from a hands-on investor. Turnspire will consider a variety of transaction situations, including special situations, corporate carve-outs, and family transitions. Sectors of interest include aerospace/defense, automotive, machinery, chemicals, consumer, building materials, food/beverages, logistics, metals, packaging, and plastics. Prospective companies generally have revenues of $50 to $400 million. Turnspire Capital Partners was formed in 2013 and is based in New York City.


Investment Criteria

Sectors of Interest: Aerospace, Automotive, Beverages, Building Materials, Chemicals, Construction, Consumer Products, Consumer Services, Defense, Distribution, Energy Services and Equipment, Engineering, Food, Manufacturing, Metals/Mining, Packaging, Plastics, Transportation

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Growth Capital, Special Situations/Distressed, Secondary Buyout

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

Transaction Criteria Min Max
Target Revenue 50 400
Target EBITDA - 30
Investment Size - 50
Enterprise Value - 125
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (2.0/yr) # 4 3 2 - 1 4 14
vol $40M $40M
Sell (0.6/yr) # 1 - 2 1 - - 4
  18

Most Recent M&A

Company Date Value Type
GHP Group, Inc. 2024-10-03 - Secondary Buyout
Niles, Illinois · www.ghpgroupinc.com
Pharmachem Innovations LLC 2024-09-05 - Divestiture
Kearny, New Jersey · www.pharmachem.com
Swanson Industries, Inc. 2024-06-06 - Secondary Buyout
Morgantown, West Virginia · www.swansonindustries.com
Ashland Nutraceuticals 2024-05-07 - Divestiture
Wilmington, Delaware
USG Water Solutions LLC 2023-02-27 - Divestiture
Atlanta, Georgia · www.usgwater.com
UPG Co. LLC 2022-10-11 - Trade Sale
Houston, Texas · www.upgintl.com
Spectra Premium Industries 2021-09-21 - Buyout (LBO, MBO, MBI)
Boucherville, Quebec · www.spectrapremium.com
Daniel Measurement & Control 2021-07-12 - Divestiture
Houston, Texas · www.daniel.com
Banker Steel Co. 2021-05-27 - Divestiture
Lynchburg, Virginia · www.bankersteel.com
Crane Carrier LLC 2021-03-24 - Trade Sale
New Philadelphia, Ohio · www.cranecarrier.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Automotive 1 (11%) - 3 (21%) 40M (100%)
Manufacturing 3 (33%) - 3 (21%) -
Chemicals - - 1 (7%) -
Construction - - 1 (7%) -
Environmental 1 (11%) - 1 (7%) -
Food 1 (11%) - 1 (7%) -
Life Science 1 (11%) - 1 (7%) -
Metals/Mining 1 (11%) - 1 (7%) -
Plastics - - 1 (7%) -
Test/Measurement Equipment 1 (11%) - 1 (7%) -
Total 9 - 14 $40M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 8 (89%) - 13 (93%) 40M (100%)
  Texas 1 (11%) - 3 (21%) 40M (100%)
  Ohio 1 (11%) - 2 (14%) -
  New Jersey 1 (11%) - 1 (7%) -
  Michigan 1 (11%) - 1 (7%) -
  Illinois 1 (11%) - 1 (7%) -
  Georgia 1 (11%) - 1 (7%) -
  Delaware 1 (11%) - 1 (7%) -
  West Virginia 1 (11%) - 1 (7%) -
  Arizona - - 1 (7%) -
  Virginia - - 1 (7%) -
Canada 1 (11%) - 1 (7%) -
  Quebec 1 (11%) - 1 (7%) -
Total 9 - 14 $40M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Divestiture 5 (56%) - 8 (57%) 40M (100%)
Secondary Buyout 3 (33%) - 3 (21%) -
Buyout (LBO, MBO, MBI) 1 (11%) - 2 (14%) -
Growth Capital - - 1 (7%) -
Total 9 - 14 $40M

Exits by Deal Type

Type Total # Value
Trade Sale 3 (75%) -
Divestiture 1 (25%) -
Total 4 -

Top M&A Advisors

Financial Deals
Macquarie Capital
 1
Piper Sandler & Co.
 1
William Blair
 1
Legal Deals
Chapman & Cutler
 7
Willkie Farr & Gallagher
 1
Winston & Strawn
 1

Deal Values

buy # Total
< $100M 1 $40M
TOTAL $40M
Largest Stemco Products, Inc.
$40M (2020-11-23)

M&A Connections

Deals
Acquired from
Investor(s)
21%
3 (21%)
Strategic(s)
57%
8 (57%)
Exited to
Strategic(s)
100%
4 (100%)

Investor Summary

Investor Type

Private Equity Firm

Size

Middle-Market

Established

2013

Specialist/Generalist

Generalist

Leadership

Ilya Koffman

Co-Founder & Managing Partner

Abel Osorio

Partner

Peter Nortrup

Principal

Ahdiv Nathan

Vice President

Riley McCabe

Vice President

FAQ

When was Turnspire Capital Partners founded?

Turnspire Capital Partners was founded in 2013.

What type of investor is Turnspire Capital Partners?

Turnspire Capital Partners is a private equity firm.

Where is Turnspire Capital Partners headquartered?

Turnspire Capital Partners is headquartered in New York, New York.

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