M&A Deal Summary |
|
|---|---|
| Date | 2020-11-23 |
| Target | Stemco |
| Sector | Automotive |
| Buyer(s) | Turnspire Capital Partners |
| Sellers(s) | EnPro |
| Deal Type | Divestiture |
| Deal Value | 40M USD |
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| Category | Private Equity Firm |
|---|---|
| Founded | 2013 |
| Size | Middle-Market |
| Type | Sector Agnostic |
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 | 7 of 13 |
| Sector (Automotive) | 3 of 3 |
| Type (Divestiture) | 4 of 8 |
| State (Texas) | 2 of 3 |
| Country (United States) | 7 of 12 |
| Year (2020) | 3 of 3 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-08-04 |
Infinity Engineered Products
Fairlawn, Ohio, United States Infinity Engineered Products is a provider of premium air springs for trucks, trailers, buses, and specialty vehicles. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-03-24 |
Crane Carrier
New Philadelphia, Ohio, United States Crane Carrier is a provider in the vocational truck industry, providing custom, severe-service chassis, and purpose-built vehicles for the refuse and recycling, infrastructure maintenance, ground support, agriculture, and oil and gas markets under the Crane Carrier Company and Crane Carrier Company Engineered Chassis brands. Crane Carrier was founded in 1953 and is based in New Philadelphia, Ohio. |
Sell | - |
EnPro is a provider of sealing products, metal polymer and filament wound bearings, components and service for reciprocating compressors, diesel and dual-fuel engines and other engineered products. EnPro was founded in 2002 and is based in Charlotte, North Carolina.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 9 |
| Sector (Automotive) | 2 of 2 |
| Type (Divestiture) | 5 of 9 |
| State (Texas) | 1 of 3 |
| Country (United States) | 5 of 8 |
| Year (2020) | 2 of 2 |
| Size (of disclosed) | 4 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-09-28 |
Alluxa
Santa Rosa, California, United States Alluxa, Inc. provides specialized optical filters and thin-film coatings for the most challenging applications in the industrial technology, life sciences, and semiconductor markets. Alluxa was founded in 2007 and is based in Santa Rosa, California. |
Buy | $255M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-09-07 |
Altamira Material Solutions
Houston, Texas, United States Altamira Material Solutions specializes in the custom production of PTFE molding, paste extrusion, plastics machining, and fabrication. Altamira Material Solutions is based in Houston, Texas. |
Sell | - |
