M&A Deal Summary

Turnspire Capital Partners Acquires GHP Group

On October 3, 2024, private equity firm Turnspire Capital Partners acquired manufacturer GHP Group from Novacap and Champlain Financial

Acquisition Highlights
  • This is Turnspire Capital Partners’ 3rd transaction in the Manufacturing sector.
  • This is Turnspire Capital Partners’ 13th transaction in the United States.
  • This is Turnspire Capital Partners’ 1st transaction in Illinois.

M&A Deal Summary

Date 2024-10-03
Target GHP Group
Sector Manufacturing
Buyer(s) Turnspire Capital Partners
Sellers(s) Novacap
Champlain Financial
Deal Type Secondary Buyout

Target

GHP Group

Niles, Illinois, United States
GHP Group specializes in developing, distributing, importing, and manufacturing seasonal products for major home centers, retailers, and online retailers, such as BBQs, heaters, fireplaces, and drinking water solutions. GHP Group was founded in 2003 and is based in Niles, Illinois.

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Buyer(S) 1

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 14 of 14
Sector (Manufacturing) 3 of 3
Type (Secondary Buyout) 3 of 3
State (Illinois) 1 of 1
Country (United States) 13 of 13
Year (2024) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-05 Pharmachem Innovations

Kearny, New Jersey, United States

Pharmachem Innovations is a provider of proprietary nutrition ingredients and custom formulation services that supplies a broad portfolio of both active ingredients and formulation aids to nutritional product companies. Pharmachem Innovations is based in Kearny, New Jersey.

Buy -

Seller(S) 2

SELLER

Novacap

Brossard, Quebec, Canada

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 8.0B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

Novacap is a large private equity firm focused on middle-market company acquisitions in Canada. Novacap pursues companies with $30 to $500 million in sales and will consider transactions valued up to $500 million. Target transaction situations include partial or full buyouts, spin-offs, take privates, recapitalizations, and growth capital financings. Novacap will consider opportunities in basic industries as well as high-growth tech sectors. Novacap was formed in 1981 and has offices in Toronto and Montreal.


DEAL STATS #
Overall 30 of 30
Sector (Manufacturing) 3 of 3
Type (Secondary Buyout) 12 of 12
State (Illinois) 2 of 2
Country (United States) 10 of 10
Year (2024) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-09 Mailhot Industries

Saint-Jacques, Quebec, Canada

Mailhot Industries is a manufacturer of hydraulic cylinders renowned for technological innovation. The company makes quality a priority, and has secured a place of choice in its industry segment. Mailhot produces a complete line of single-stage and telescopic hydraulic cylinders. Its mission is to anticipate its customers’ needs by deploying innovative, adapted solutions. Mailhot Industries was founded in 1956 and is based in Saint-Jacques, Québec.

Sell -
DESCRIPTION

Champlain Financial Corporation is a private equity firm focused on acquiring lower middle-market, profitable ($3 to $20 million of EBITDA) companies throughout Canada. Champlain typically targets businesses with a history of sales growth and clearly differentiated products/services. Broad areas of interest include consumer, retail, distribution, healthcare, and niche manufacturing. Champlain Financial Corporation was established in 2004 and is headquartered in Montreal.


DEAL STATS #
Overall 9 of 9
Sector (Manufacturing) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-14 Transport Inter-Nord

Saint-Jerome, Quebec, Canada

Transport Inter-Nord is specializing in LTL and truckload freight transport services. Transport Inter-Nordis based in Saint-Jerome, Quebec.

Sell -