Growth Capital • Manufacturing

Turning Basin Capital Partners Invests In Pinnacle Manufacturing

On February 14, 2018, private equity firm Turning Basin Capital Partners invested in manufacturer Pinnacle Manufacturing

Investment Context
  • This is Turning Basin Capital Partners’ 1st transaction in the Manufacturing sector.
  • This is Turning Basin Capital Partners’ 3rd transaction in the United States.
  • This is Turning Basin Capital Partners’ 1st transaction in Alabama.

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Investment Summary

Date February 14, 2018
Target Pinnacle Manufacturing
Sector Manufacturing
Investor(s) Turning Basin Capital Partners
Deal Type Growth Capital

Target Company

Pinnacle Manufacturing

Boaz, Alabama, United States
Pinnacle Manufacturing manufactures and refurbishes tanks and containers used for the storage, transportation, and disposal of hazardous and non-hazardous solids and liquids. Pinnacle’s tanks and containers are used in a wide range of applications, including industrial cleaning, environmental remediation, infrastructure construction, wastewater treatment and disposal, and upstream oil and gas development. Pinnacle Manufacturing is based in Boaz, Alabama.
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Investor Overview 1

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 Context for Investor #
Overall 3 of 6
Sector: Manufacturing 1 of 1
Type: Growth Capital 1 of 2
State: Alabama 1 of 1
Country: United States 3 of 6
Year: 2018 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-19 BBB Tank Services

Baytown, Texas, United States

BBB Tank Services is a provider of products and services to the above-ground storage tank ("AST") market. The Company's products and services include routine and emergency maintenance and repairs, replacement seals for floating roofs, application of protective coatings, and new tank construction and are provided primarily to owners of storage terminals that hold crude, refined petroleum products, chemicals and other commodities. BBB Tank Services was founded in 2001 and is based in Baytown, Texas.

Buy $5M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-10 Liberty Flare

Kemah, Texas, United States

Liberty Flare is a services company with a focus on the maintenance and installation of flare systems and flare towers located in industrial facilities, refineries, and midstream terminals. Liberty Flare was founded in 1979 and is based in Kemah, Texas.

Buy -