M&A Deal Summary

Turnspire Capital Partners Acquires UPG

On June 9, 2016, private equity firm Turnspire Capital Partners acquired plastics company UPG from Viant Medical

Acquisition Highlights
  • This is Turnspire Capital Partners’ 1st transaction in the Plastics sector.
  • This is Turnspire Capital Partners’ 2nd transaction in the United States.
  • This is Turnspire Capital Partners’ 1st transaction in Texas.
Investment Fate
  • UPG was sold to a strategic buyer in 2022.

M&A Deal Summary

Date 2016-06-09
Target UPG
Sector Plastics
Buyer(s) Turnspire Capital Partners
Sellers(s) Viant Medical
Deal Type Divestiture

Target

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.

Search 196,987 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 2 of 12
Sector (Plastics) 1 of 1
Type (Divestiture) 1 of 7
State (Texas) 1 of 3
Country (United States) 2 of 11
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-01 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-22 LMI Solutions

Phoenix, Arizona, United States

LMI Solutions is a manufacturer and distributor of toner cartridges. The Company offers print cartridges, fusers, drums, maintenance kits, color toners, universal cartridges, refurbished printers, packaging, and labeling products. LMI Solutions was established in 1992 and is based in Phoenix, Arizona.

Buy -

Seller(S) 1

SELLER

Viant Medical

Foxborough, Massachusetts, United States

Category Company
Founded 2007
Sector Medical Products
Employees800
DESCRIPTION

Viant Medical is a contract manufacturing organization, specializing in medical device components. The Company offers a broad range of capabilities that support the global medical device original equipment manufacturers’ production of devices for diagnostic, orthopedic, surgical and other applications. Viant was founded in 2007 and is based in Foxborough, Massachusetts.


DEAL STATS #
Overall 1 of 1
Sector (Plastics) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-15 Orthoplastics

Lancashire, United Kingdom

Orthoplastics is a custom manufacturer of ultra-high molecular weight polyethylene (UHMWPE) products and components for the global OEMs serving the orthopedic device implant market.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-20 Vention Medical - Device Manufacturing Business

Salem, New Hampshire, United States

Vention Medical, Inc. - Device Manufacturing Business is a manufacture of medical products in US.

Buy -