Investment Summary

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 Highlights
  • 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.

Investment Summary
Date 2018-02-14
Target Pinnacle Manufacturing
Sector Manufacturing
Investor(s) Turning Basin Capital Partners
Deal Type Growth Capital

Target

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(S) 1

Investor

Turning Basin Capital Partners

Category Private Equity Firm
Founded 2013
Size Small
Type Sector Focused
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 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 3 of 5
Sector (Manufacturing) 1 of 1
Type (Growth Capital) 1 of 1
State (Alabama) 1 of 1
Country (United States) 3 of 5
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-19 BBB Tank Services

Corpus Christi, 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 Corpus Christi, Texas.

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

Rohrersville, Maryland, United States

Liberty Towers provides maintenance and repairs, inspections and installations of flare and combustion equipment. The Company’s customer base consists of refineries, chemical plants, midstream terminals, and other industrial facilities in the Gulf region. Liberty is a platform investment in the niche services sector targeting the downstream and midstream energy and industrial sectors nationwide. Liberty Towers was formed in 2006 and is based in Rohrersville, Maryland.

Buy -
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