Turning Basin Capital Partners Mergers and Acquisitions Summary

Private Equity Profile

Turning Basin Capital Partners’ most common sectors for investment are energy services and equipment (50%) and business services (25%). The Firm’s most common investment types include buyout (lbo, mbo, mbi) (75%) and recapitalization (25%). In total, Turning Basin Capital Partners has invested in 3 US states. Its largest (disclosed) acquisition occurred in 2016 when it acquired BBB Tank Services for $5M.

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M&A Summary

  • M&A Total Activity4
    • M&A Buy Activity4
  • Total Sectors Invested 3
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 1

Turning Basin Capital Partners LLC

13 S. 13th Street,
Richmond, Virginia 23219
United States
(804) 780-1900
www.turningbasin.com

Turning Basin Capital Partners is a private equity firm focused on lower middle-market energy companies. Specific areas of interest include service providers and equipment manufacturers focused on oil and gas development, production, and transportation as well as power generation and distribution. Turning Basin seeks to acquire controlling stakes in companies valued between $5 and $20 million and will consider opportunities throughout North America. Turning Basin Capital Partners was formed in 2013 and is based in Richmond, Virginia.


Investment Criteria

Sectors of Interest: Business Services, Energy Services and Equipment, Machinery, Renewable Energy, Utilities

Target Transaction Types: Buyout (LBO, MBO, MBI), Recapitalization

Geographic Preferences: East US, Midwest US, South US, West US, Canada

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size 2 5
Enterprise Value 5 20
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (0.4/yr) # 2 2 - - - - 4
vol $5M $5M
Sell (0.0/yr) # - - - - - - 0
  4

Most Recent M&A

Company Date Value Type
Appalachian Production Services, Inc. 2016-12-30 - Buyout (LBO, MBO, MBI)
Abingdon, Virginia · www.aps-energy.com
BBB Tank Services, Inc. 2016-04-19 5M USD Recapitalization
Corpus Christi, Texas · www.bbbtankservices.com
Basin Energy Group LLC 2015-09-14 - Buyout (LBO, MBO, MBI)
Bridgeport, West Virginia · www.basinenergygroup.com
ProActive Services LLC 2014-07-01 - Buyout (LBO, MBO, MBI)
Clarksburg, West Virginia · www.pasenergy.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Basin Energy Group LLC 2015-09-14 Katko Ltd. 2017-11-07 1
Bridgeport, West Virginia · www.basinenergygroup.com St Clairsville, Ohio · www.katkoltd.com

M&A by Sector

Sector Current # Value All-time # Value
Energy Services and Equipment 2 (50%) - 2 (50%) -
Business Services 1 (25%) 5M (100%) 1 (25%) 5M (100%)
Oil/Gas Exploration 1 (25%) - 1 (25%) -
Total 4 $5M 4 $5M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 4 (100%) 5M (100%) 4 (100%) 5M (100%)
  West Virginia 2 (50%) - 2 (50%) -
  Texas 1 (25%) 5M (100%) 1 (25%) 5M (100%)
  Virginia 1 (25%) - 1 (25%) -
Total 4 $5M 4 $5M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 3 (75%) - 3 (75%) -
Recapitalization 1 (25%) 5M (100%) 1 (25%) 5M (100%)
Total 4 $5M 4 $5M

Deal Values

buy # Total
< $100M 1 $5M
TOTAL $5M
Largest BBB Tank Services, Inc.
$5M (2016-04-19)

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