M&A Deal Summary

Plexus Capital and Turnout Industries Acquire Allways Precision

On February 16, 2022, private equity firms Plexus Capital and Turnout Industries acquired machinery company Allways Precision

Acquisition Highlights
  • This is Plexus Capital’s 4th and Turnout Industries’ 1st transaction in the Machinery sector.
  • This is Plexus Capital’s 120th and Turnout Industries’ 1st transaction in the United States.
  • This is Plexus Capital’s 5th and Turnout Industries’ 1st transaction in Illinois.

M&A Deal Summary

Date 2022-02-16
Target Allways Precision
Sector Machinery
Buyer(s) Plexus Capital
Turnout Industries
Deal Type Buyout (LBO, MBO, MBI)

Target

Allways Precision

Plainfield, Illinois, United States
Allways Precision provides remanufacture, service, and automation of Cincinnati centerless grinders. Allways Precision was founded in 1992 and is based in Plainfield, Illinois.

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Buyer(S) 2

Buyer

Plexus Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 2.2B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Plexus Capital is a private equity firm that invests in buyouts, acquisitions, recapitalizations and growth financings in the form of junior and/or equity capital. Plexus focuses on lower middle-market businesses located in the Mid-Atlantic and Southeast areas of the US. The Firm looks for businesses companies in the business services, consumer services, manufacturing, value-added distribution, and healthcare sectors with up to $2 to $15 million of cash-flow. Plexus Capital was formed in 1995 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 120 of 149
Sector: Machinery M&A 4 of 5
Type: Buyout (LBO, MBO, MBI) M&A Deals 58 of 70
State: Illinois M&A 5 of 5
Country: United States M&A 120 of 149
Year: 2022 M&A 5 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-01 Architech Sports and Physical Therapy

Charlotte, North Carolina, United States

Architech Sports and Physical Therapy is the premier physical therapy and sports performance company. The Architech Sports and Physical Therapy staff provides expert help to individuals who want to become better athletes by focusing on their physical conditioning, speed, agility, and quickness. Architech Sports and Physical Therapy was founded in 2008 and is based in Charlotte, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-23 U.S. Mobile Health Exams

Jacksonville, Florida, United States

U.S. Mobile Health Exams is a mobile health testing provider specializing in occupational health tests (e.g., hearing conservation, respiratory protection, physical exams, and drug and alcohol testing), and health screenings (e.g., blood tests, ultrasound screenings, immunizations, community health outreach, and other advanced screenings). The Company performs on-site health services for customers across the U.S. and in a broad range of industries. U.S. Mobile Health Exams was founded in 2011 and is based in Jacksonville, Florida.

Buy -
DESCRIPTION

Turnout Industries is a private equity firm focused on investments in North American lower-middle market businesses. Turnout considers control and non-control positions in companies with EBITDA of at least $1 million and revenue between $5 and $50 million. The Firm generally invests in the business services, manufacturing, and distribution and logistics industries, with an interest in the food/ingredients, inspection, specialty treatments, and marketing subsectors. Turnout will consider a variety of investment situations including growth financings and buyouts. Turnout Industries was established in 2021 and is headquartered in Chicago, Illinois.


DEAL STATS #
Overall 1 of 4
Sector: Machinery M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 3
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 4
Year: 2022 M&A 1 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-09 North Point

Ipswich, Massachusetts, United States

North Point is a provider of investigative due diligence services offering comprehensive proprietary research to its clients for the purpose of evaluating investments and management team members. North Point Associates is based in Ipswich, Massachusetts.

Buy -