M&A Deal Summary

Battle Investment Group and Capricorn Holdings Acquire Turbopower

On July 14, 2021, private equity firms Battle Investment Group and Capricorn Holdings acquired business services company Turbopower

Acquisition Highlights
  • This is Battle Investment Group’s 1st and Capricorn Holdings’ 3rd transaction in the Business Services sector.
  • This is Battle Investment Group’s 3rd and Capricorn Holdings’ 12th transaction in the United States.
  • This is Battle Investment Group’s 1st and Capricorn Holdings’ 1st transaction in Florida.

M&A Deal Summary

Date 2021-07-14
Target Turbopower
Sector Business Services
Buyer(s) Battle Investment Group
Capricorn Holdings
Deal Type Buyout (LBO, MBO, MBI)

Target

Turbopower

Opa-locka, Florida, United States
Turbopower is a provider of maintenance, repair, and overhaul services for gas turbine engines, auxiliary power units, and component parts to military and commercial customers worldwide. The Company holds numerous quality and customer certifications, including FAA Part 145 repair station and Rolls-Royce Authorized Maintenance Center certification. Turbopower was founded in 1974 and is based in Opa-Locka, Florida.

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Buyer(S) 2

DESCRIPTION

Battle Investment Group is a private investment firm focused on the aerospace, defense, and industrial sectors. The Firm seeks businesses with $5 to $100 million in sales headquartered throughout North America. Prospective transaction situations include family-owned companies, non-core divestitures, and forming new enterprises with strategic partners. Battle Investment Group was established in 2016 and is headquartered in Atlanta, Georgia.


DEAL STATS #
Overall 3 of 5
Sector: Business Services M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 2
State: Florida M&A 1 of 1
Country: United States M&A 3 of 5
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-28 Oceus Networks

Herndon, Virginia, United States

Oceus Networks provides broadband solutions to governments that enable them to deliver high-speed voice, video and data communications to the constituents they serve. Oceus Networks delivers open, standards-based mobile and fixed network infrastructure as well as an extensive portfolio of public sector-focused solutions to simplify and expedite the deployment of wired and wireless broadband communications solutions. As both the expedited manner with which networks are deployed and the improved voice, video and data communications refer to speed, that is the basis of the origination of the company’s name. Oceus Networks was formed in 1991 and is headquartered in Herndon, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-04 Bart & Associates

McLean, Virginia, United States

Bart & Associates is a provider of enterprise software solutions. Bart & Associates was founded in 1988 and is based in McLean, Virginia.

Buy -
Buyer

Capricorn Holdings

Greenwich, Connecticut, United States

Category Private Equity Firm
Founded 1987
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Capricorn Holdings is a privately held investment group that seeks to investments in middle-market companies operating in basic industries. The firm pursues transactions valued between $50 and $500 million and looks for companies with moderate to low technological risk, strong customer franchises, history of profits, low capital intensity, and possessing undervalued assets. Post acquisition, Capricorn looks to improve operations and build through acquisitions. In addition to distressed situations, Capricorn also purses traditional buyouts, acquisitions, recapitalizations, and spin-offs. Capricorn Holdings was founded in 1987 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 13 of 13
Sector: Business Services M&A 3 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 10 of 10
State: Florida M&A 1 of 1
Country: United States M&A 12 of 12
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-01 iMapData

McLean, Vermont, United States

iMapData, Inc. is a data visualization and analysis company.

Sell -