M&A Deal Summary

Turnout Industries Acquires Dewpoint

On June 12, 2024, private equity firm Turnout Industries acquired information technology company Dewpoint

Acquisition Highlights
  • This is Turnout Industries’ 1st transaction in the Information Technology sector.
  • This is Turnout Industries’ 4th transaction in the United States.
  • This is Turnout Industries’ 1st transaction in Michigan.

M&A Deal Summary

Date 2024-06-12
Target Dewpoint
Sector Information Technology
Buyer(s) Turnout Industries
Deal Type Buyout (LBO, MBO, MBI)

Target

Dewpoint

Lansing, Michigan, United States
Dewpoint develops strategic technology plans to maximize resources and position organizations. The company's service-based solutions help clients transform and optimize their IT architecture stack and operations through Cybersecurity improvements, Strategic Assessments, Managed IT Services, Portfolio and Project Management, Organizational Change Management, and Application Development. Dewpoint is based in Lansing, Michigan.

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Buyer(S) 1

DESCRIPTION

Turnout Industries is a private equity firm focused on investments in North American lower-middle market businesses. Turnout considers control and non-control positions in companies with EBITDA of at least $1 million and revenue between $5 and $50 million. The Firm generally invests in the business services, manufacturing, and distribution and logistics industries, with an interest in the food/ingredients, inspection, specialty treatments, and marketing subsectors. Turnout will consider a variety of investment situations including growth financings and buyouts. Turnout Industries was established in 2021 and is headquartered in Chicago, Illinois.


DEAL STATS #
Overall 4 of 4
Sector (Information Technology) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 3 of 3
State (Michigan) 1 of 1
Country (United States) 4 of 4
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-14 KIHM Metal Technologies

Brazil, Indiana, United States

KIHM Metal Technologies provides metal spinning, hydroforming, and complex machining of exotic alloy-based components for the aerospace, defense, and power generation markets. The company's broad capability set includes: metal spinning (up to 72”), hydroforming (up to 25"), horizontal/vertical/5 axis machining centers, CNC turning centers (up to 36”), 6-axis laser cutting, and TIG/plasma welding. Its finishing operations are provided through local vendors, allowing for lower cost and less risk for customers' projects. KIHM Metal Technologies was formed in 1967 and is based in Brazil, Indiana.

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