M&A Deal Summary

TPC Acquires UPG

On October 11, 2022, TPC acquired plastics company UPG from Turnspire Capital Partners

Acquisition Highlights
  • This is TPC’s 1st transaction in the Plastics sector.
  • This is TPC’s 1st transaction in the United States.
  • This is TPC’s 1st transaction in Texas.

M&A Deal Summary
Date 2022-10-11
Target UPG
Sector Plastics
Buyer(s) TPC
Sellers(s) Turnspire Capital Partners
Deal Type Add-on Acquisition
Advisor(s) Cowen Group, Inc. (Financial)
Chapman & Cutler (Legal)

Target

UPG

Houston, Texas, United States
UPG is a provider of precision-engineered plastic injection molded products, program management, product integration, and value-added services primarily for the medical, data center, and industrial end markets.UPG provides customers with high-quality, low-cost, end-to-end solutions that meet or exceed all customer requirements and industry standards. UPG was founded in 1954 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

TPC

Chicago, Illinois, United States
Category Company
Sector Business Services
DESCRIPTION

TPC is an operator of a portfolio of small to medium U.S.-based specialized manufacturers offering specialized fabrication, optics experts, and precision machining. TPC is based in Chicago, Illinois.

DEAL STATS #
Overall 1 of 1
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1

Seller(S) 1

SELLER

Turnspire Capital Partners

Investor Investor Investor

Category Private Equity Firm
Founded 2013
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

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.

DEAL STATS #
Overall 4 of 4
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (Texas) 1 of 1
Country (United States) 4 of 4
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-21 Spectra Premium

Boucherville, Quebec, Canada

Spectra Premium is a designer, manufacturer, and distributor of thermal and fluid management metal-formed products for the automotive, heavy-duty truck and industrial markets. Spectra Premium was formed in 1989 and is based in Boucherville, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-27 USG Water Solutions

Atlanta, Georgia, United States

USG Water Solutions is a provider of water asset management services for small and medium public water utilities in North America. USG’s offerings include maintenance services for water storage tanks, pipe networks, and concrete structures in water and wastewater plants. USG Water Solutions is based in Atlanta, Georgia.

Buy -
Mergr

Product

Company

Legal