M&A Deal Summary

Turnspire Capital Partners Acquires Spectra Premium

On September 21, 2021, private equity firm Turnspire Capital Partners acquired manufacturer Spectra Premium

Acquisition Highlights
  • This is Turnspire Capital Partners’ 2nd transaction in the Manufacturing sector.
  • This is Turnspire Capital Partners’ 1st transaction in Canada.
  • This is Turnspire Capital Partners’ 1st transaction in Quebec.

M&A Deal Summary

Date 2021-09-21
Target Spectra Premium
Sector Manufacturing
Buyer(s) Turnspire Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

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.

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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 9 of 14
Sector (Manufacturing) 2 of 3
Type (Buyout (LBO, MBO, MBI)) 2 of 2
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-12 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-11 UPG

Houston, Texas, United States

UPG is a provider of precision-engineered plastic injection molded products, program management, product integration, and value-added services primarily for the medical, data center, and industrial end markets.UPG provides customers with high-quality, low-cost, end-to-end solutions that meet or exceed all customer requirements and industry standards. UPG was founded in 1954 and is based in Houston, Texas.

Sell -