Stake Purchase • Business Services

Turnout Industries Invests In North Point

On November 9, 2022, private equity firm Turnout Industries invested in business services company North Point

Investment Context
  • This is Turnout Industries’ 1st transaction in the Business Services sector.
  • This is Turnout Industries’ 2nd transaction in the United States.
  • This is Turnout Industries’ 1st transaction in Massachusetts.

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Investment Summary

Date November 9, 2022
Target North Point
Sector Business Services
Investor(s) Turnout Industries
Deal Type Stake Purchase
Advisor(s) BellMark Partners (Financial)

Target Company

North Point

Ipswich, Massachusetts, United States
North Point is a provider of investigative due diligence services offering comprehensive proprietary research to its clients for the purpose of evaluating investments and management team members. North Point Associates is based in Ipswich, Massachusetts.
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Investor Overview 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 Context for Investor #
Overall 2 of 4
Sector: Business Services 1 of 1
Type: Stake Purchase 1 of 1
State: Massachusetts 1 of 1
Country: United States 2 of 4
Year: 2022 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-16 Allways Precision

Plainfield, Illinois, United States

Allways Precision provides remanufacture, service, and automation of Cincinnati centerless grinders. Allways Precision was founded in 1992 and is based in Plainfield, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-14 KIHM Metal Technologies

Brazil, Indiana, United States

KIHM Metal Technologies specializes in metal spinning, hydroforming, and machining of exotic alloy components for aerospace, defense, and power generation. KIHM Metal Technologies capabilities include large-scale spinning (72”), hydroforming (25”), multi-axis machining, CNC turning, laser cutting, and TIG/plasma welding, with finishing handled by local vendors for cost efficiency and reduced risk. KIHM Metal Technologies was formed in 1967 and is based in Brazil, Indiana.

Buy -