Investment Summary

Turning Basin Capital Partners and Vigeo Investments Invest In NGS

On November 11, 2021, private equity firm Turning Basin Capital Partners and family office Vigeo Investments invested in construction company NGS

Investment Highlights
  • This is Turning Basin Capital Partners’ 2nd and Vigeo Investments’ 1st transaction in the Construction sector.
  • This is Turning Basin Capital Partners’ 6th and Vigeo Investments’ 2nd transaction in the United States.
  • This is Turning Basin Capital Partners’ 1st and Vigeo Investments’ 1st transaction in Georgia.

Investment Summary

Date 2021-11-11
Target NGS
Sector Construction
Investor(s) Turning Basin Capital Partners
Vigeo Investments
Deal Type Growth Capital

Target

NGS

Atlanta, Georgia, United States
NGS is a commercial window film, graphics, and signage company in the United States. From sea to shining sea, including Hawaii and Alaska, provide full-service consultation, project management, design, and installation. NGS was founded in 2009 and is based in Atlanta, Georgia.

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Investor(S) 2

DESCRIPTION

Turning Basin Capital Partners is a private equity firm focused on lower middle-market energy companies. Specific areas of interest include service providers and equipment manufacturers focused on oil and gas development, production, and transportation as well as power generation and distribution. Turning Basin seeks to invest $2 to $5 million for controlling stakes in profitable companies with $1.5 to $5 million of EBITDA. The Firm will consider opportunities throughout North America but has a preference for opportunities in the Southeast and Gulf regions of the US. Turning Basin Capital Partners was formed in 2013 and is based in Richmond, Virginia.


DEAL STATS #
Overall 6 of 6
Sector: Construction M&A 2 of 2
Type: Growth Capital M&A Deals 2 of 2
State: Georgia M&A 1 of 1
Country: United States M&A 6 of 6
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 Aquafinity

Jupiter, Florida, United States

Aquafinity is a tech-enabled, service-supported distributor of a broad suite of water treatment equipment and supplies to commercial and institutional swimming pool and aquatic facility owners in the Southeast and Caribbean. Aquafinity is based in Jupiter, Florida.

Buy -
DESCRIPTION

Vigeo Investments is a family backed investment firm focused on acquiring and investing in small operating companies and real estate. Vigeo targets Western US-based companies with $1 to $10 million of free cash flow and $5 to $50 million of revenue. Sectors of interest include industrial services, niche manufacturing, energy services, business services, and natural resources. Vigeo will consider both majority or minority positions and a variety of investment structures including debt. Vigeo Investments is based in Denver, Colorado.


DEAL STATS #
Overall 2 of 2
Sector: Construction M&A 1 of 1
Type: Growth Capital M&A Deals 1 of 1
State: Georgia M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 Aquafinity

Jupiter, Florida, United States

Aquafinity is a tech-enabled, service-supported distributor of a broad suite of water treatment equipment and supplies to commercial and institutional swimming pool and aquatic facility owners in the Southeast and Caribbean. Aquafinity is based in Jupiter, Florida.

Buy -