Turnspire Capital Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Turnspire Capital Partners has acquired 3 companies.

Turnspire Capital Partners’ most common sectors for investment areautomotive (30%) and manufacturing (20%) . The Firm’s most common investment types include divestiture (60%) and buyout (lbo, mbo, mbi) (20%). In total, Turnspire Capital Partners has invested in 7 US states and 2 different countries. Its largest (disclosed) acquisition occurred in 2020 when it acquired Stemco Products for $40M.

In the last 3 years, Turnspire Capital Partners has exited 3 companies. The Firm’s most common exit type is trade sale (75%).

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M&A Summary

  • M&A Total Activity14
    • M&A Buy Activity10
    • M&A Sell Activity4
  • Total Sectors Invested 7
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 9
  • M&A Advisors 2

Turnspire Capital Partners

575 Madison Avenue, Suite 1006,
New York, New York 10022
United States
(212) 605-0271
www.turnspirecap.com
info@turnspirecap.com

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.


Investment Criteria

Sectors of Interest: Aerospace, Automotive, Beverages, Building Materials, Chemicals, Construction, Consumer Products, Consumer Services, Defense, Distribution, Energy Services and Equipment, Engineering, Food, Manufacturing, Metals/Mining, Packaging, Plastics, Transportation

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Growth Capital, Special Situations/Distressed, Secondary Buyout

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

Transaction Criteria Min Max
Target Revenue 50 400
Target EBITDA - 30
Investment Size - 50
Enterprise Value - 125
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.2/yr) # 4 3 2 - 1 - 10
vol $40M $40M
Sell (0.6/yr) # 1 - 2 1 - - 4
  14

Most Recent M&A

Company Date Value Type
USG Water Solutions LLC 2023-02-27 - Divestiture
Atlanta, Georgia · www.usgwater.com
UPG Co. LLC 2022-10-11 - Trade Sale
Houston, Texas · www.upgintl.com
Spectra Premium Industries 2021-09-21 - Buyout (LBO, MBO, MBI)
Boucherville, Quebec · www.spectrapremium.com
Emerson Electric - Daniel Measurement & Control Business 2021-07-12 - Divestiture
Houston, United States
Banker Steel Co. 2021-05-27 - Divestiture
Lynchburg, Virginia · www.bankersteel.com
Crane Carrier LLC 2021-03-24 - Trade Sale
New Philadelphia, Ohio · www.cranecarrier.com
Stemco Products, Inc. 2020-11-23 40M USD Divestiture
Longview, Texas · www.stemco.com
EnPro Industries, Inc. - Goodyear Air Springs 2020-08-04 - Divestiture
Fairlawn, Ohio
MPI Products LLC 2020-01-16 - Secondary Buyout
Rochester Hills, Michigan · www.mpiproducts.com
LMI Solutions 2019-10-17 - Trade Sale
Phoenix, Arizona · www.lmisolutions.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Automotive 2 (33%) 40M (100%) 3 (30%) 40M (100%)
Manufacturing 2 (33%) - 2 (20%) -
Chemicals - - 1 (10%) -
Construction - - 1 (10%) -
Environmental 1 (17%) - 1 (10%) -
Plastics - - 1 (10%) -
Test/Measurement Equipment 1 (17%) - 1 (10%) -
Total 6 $40M 10 $40M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 5 (83%) 40M (100%) 9 (90%) 40M (100%)
  Texas 1 (17%) 40M (100%) 2 (20%) 40M (100%)
  Ohio 1 (17%) - 2 (20%) -
  Michigan 1 (17%) - 1 (10%) -
  Georgia 1 (17%) - 1 (10%) -
  Virginia - - 1 (10%) -
  Arizona - - 1 (10%) -
Canada 1 (17%) - 1 (10%) -
  Quebec 1 (17%) - 1 (10%) -
Total 6 $40M 10 $40M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Divestiture 4 (67%) 40M (100%) 6 (60%) 40M (100%)
Buyout (LBO, MBO, MBI) 1 (17%) - 2 (20%) -
Growth Capital - - 1 (10%) -
Secondary Buyout 1 (17%) - 1 (10%) -
Total 6 $40M 10 $40M

Exits by Deal Type

Type Total # Value
Trade Sale 3 (75%) -
Divestiture 1 (25%) -
Total 4 -

Top M&A Advisors

Financial Deals
Harris Williams & Co.
1
Legal Deals
Chapman & Cutler
7

Deal Values

buy # Total
< $100M 1 $40M
TOTAL $40M
Largest Stemco Products, Inc.
$40M (2020-11-23)

M&A Connections

Deals
Acquired from
Investor(s)
10%
1 (10%)
Strategic(s)
60%
6 (60%)
Exited to
Strategic(s)
100%
4 (100%)

FAQ

When was Turnspire Capital Partners founded?

Turnspire Capital Partners was founded in 2013.

What type of investor is Turnspire Capital Partners?

Turnspire Capital Partners is a private equity firm.

Where is Turnspire Capital Partners headquartered?

Turnspire Capital Partners is headquartered in New York, New York.

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