M&A Deal Summary

Turnspire Capital Partners Acquires Daniel Measurement & Control

On July 12, 2021, private equity firm Turnspire Capital Partners acquired test/measurement equipment company Daniel Measurement & Control from Emerson

Acquisition Highlights
  • This is Turnspire Capital Partners’ 1st transaction in the Test/Measurement Equipment sector.
  • This is Turnspire Capital Partners’ 8th transaction in the United States.
  • This is Turnspire Capital Partners’ 3rd transaction in Texas.

M&A Deal Summary
Date 2021-07-12
Target Daniel Measurement & Control
Sector Test/Measurement Equipment
Buyer(s) Turnspire Capital Partners
Sellers(s) Emerson
Deal Type Divestiture

Target

Daniel Measurement & Control

Houston, Texas, United States
Daniel Measurement & Control provides flow and energy measurement technologies and services to the natural gas and refined hydrocarbon industries. Daniel is based in Houston, Texas.

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Buyer(S) 1

Buyer

Turnspire Capital Partners

Investor Investor Investor

Category Private Equity Firm
Founded 2013
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Turnspire Capital Partners is a private investment firm focused on acquiring North American companies that have reached 'strategic, operational, or financial inflection points' with their business and could benefit from a hands-on investor. Turnspire will consider a variety of transaction situations, including special situations, corporate carve-outs, and family transitions. Sectors of interest include aerospace/defense, automotive, machinery, chemicals, consumer, building materials, food/beverages, logistics, metals, packaging, and plastics. Prospective companies generally have revenues of $50 to $400 million. Turnspire Capital Partners was formed in 2013 and is based in New York City.

DEAL STATS #
Overall 8 of 14
Sector (Test/Measurement Equipment) 1 of 1
Type (Divestiture) 5 of 8
State (Texas) 3 of 3
Country (United States) 8 of 13
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-27 Banker Steel

Lynchburg, Virginia, United States

Headquartered in Lynchburg, Virginia with additional fabrication locations in New Jersey and Florida, Banker Steel provides fabricated structural steel for the entire east coast construction market and nationwide steel erection services for iconic projects such as One Vanderbilt, the Jacob K. Javits Convention Center Expansion and J.P. Morgan’s headquarters, all in New York City, the award-winning Washington Nationals Park in Washington, D.C. and the Barclays Center in Brooklyn, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-21 Spectra Premium

Boucherville, Quebec, Canada

Spectra Premium is a designer, manufacturer, and distributor of thermal and fluid management metal-formed products for the automotive, heavy-duty truck and industrial markets. Spectra Premium was formed in 1989 and is based in Boucherville, Quebec.

Buy -

Seller(S) 1

SELLER

Emerson

St. Louis, Missouri, United States
Category Company
Founded 1890
Sector Diversified
Employees67,000
Revenue 15.2B USD (2023)
DESCRIPTION
Emerson Electric's corporate headquarters in St. Louis, Missouri.
Emerson Electric's corporate headquarters in St. Louis, Missouri.

Emerson is a diversified manufacturing and technology company. Emerson offers a wide range of products and services in the industrial, commercial, and consumer markets through its Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions businesses. Emerson was founded in 1890 and is based in St. Louis, Missouri.

DEAL STATS #
Overall 22 of 26
Sector (Test/Measurement Equipment) 4 of 4
Type (Divestiture) 21 of 25
State (Texas) 2 of 2
Country (United States) 19 of 23
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-25 Fluxa

Glendale, California, United States

Fluxa accelerates the speed to market for new therapies by helping drug development and manufacturing organizations harness the power of collaboration and data across sites, functions, and processes. The company's flagship product, Scale-Up provides drug manufacturers with unprecedented collaboration across global sites and functions, reducing overall risk on costs and quality. Its software is user-focused, domain-specific, and built on the latest digital technologies. Fluxa is based in Glendale, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-11 OSI

Medina, Minnesota, United States

Open Systems International, Inc. is a technology company provides open, state-of-the-art and high-performance enterprise automation solutions to utilities worldwide. these solutions include supervisory control and data acquisition (scada) systems, energy management systems (ems), distribution management systems (dms), outage management systems (oms), generation management systems (gms), substation automation (sa) systems, data warehousing (historian) analytics, distributed energy resource management systems (derms), situational awareness systems, pipeline application systems (pas), individual software and hardware products, and smart grid solutions for utility operations.

Sell -
Mergr

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