M&A Deal Summary

Trivest Partners Acquires Turnpoint Services

On August 29, 2016, private equity firm Trivest Partners acquired business services company Turnpoint Services

Acquisition Highlights
  • This is Trivest Partners’ 3rd transaction in the Business Services sector.
  • This is Trivest Partners’ 34th transaction in the United States.
  • This is Trivest Partners’ 1st transaction in Kentucky.
Investment Fate
  • Turnpoint Services was sold to a consortium of financial buyers in 2020.

M&A Deal Summary

Date 2016-08-29
Target Turnpoint Services
Sector Business Services
Buyer(s) Trivest Partners
Deal Type Recapitalization

Target

Turnpoint Services

Louisville, Kentucky, United States
Turnpoint Services provides a comprehensive range of plumbing, electrical, and HVAC installation and repair services. The Company currently operates in thirteen states throughout the Southeast and Midwest regions and is nationally recognized as a Top-10 plumbing and HVAC service business. Turnpoint Services was formed in 2016 and is based in Louisville, Kentucky.

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Buyer(S) 1

Buyer

Trivest Partners

Coral Gables, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 6.1B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Trivest's corporate headquarters in Coral Gables, Florida.
Trivest's corporate headquarters in Coral Gables, Florida.

Trivest is a private equity firm that invests in North American middle-market corporate acquisitions, recapitalizations, and growth capital financings. For platform investments, sectors of interest include niche manufacturing, value-added distribution, business services, and consumer products/services. The Firm seeks businesses with at least $4 million of EBITDA and valued between $20 and $250 million. Trivest prefers control-based situations but will also consider minority or co-investment opportunities. For add-on opportunities, Trivest will consider companies globally with valuations starting at $1 million. Trivest Partners was formed in 1981 and is based in Coral Gables, Florida.


DEAL STATS #
Overall 38 of 91
Sector: Business Services M&A 3 of 16
Type: Recapitalization M&A Deals 18 of 20
State: Kentucky M&A 1 of 1
Country: United States M&A 34 of 81
Year: 2016 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-24 American Covers

Draper, Utah, United States

American Covers, Inc. (dba Handstands) is a designer and supplier of automotive air freshener products sold through mass and aftermarket automotive channels.

Sell $340M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-09 Vohra Wound Physicians

Miramar, Florida, United States

Vohra Wound Physicians is a physician group dedicated to providing expert wound care services to patients in post-acute clinical settings, including nursing homes, assisted living centers, and rehabilitation facilities. Vohra Wound Physicians was founded in 2010 and is based in Miramar, Florida.

Buy -