Turnspire Capital Partners Mergers and Acquisitions Summary

Private Equity Profile

In the last 3 years, Turnspire Capital Partners has acquired 4 companies. It has also invested in 1 other.

Turnspire Capital Partners’ most common sectors for investment are automotive (43%) and building materials (15%). The Firm’s most common investment types include divestiture (58%) and buyout (lbo, mbo, mbi) (15%). In total, Turnspire Capital Partners has invested in 5 US states. Its largest (disclosed) acquisition occurred in 2020 when it acquired Stemco Products for $40M.

In the last 3 years, Turnspire Capital Partners has exited 1 company. The Firm’s most common exit type is trade sale (100%).

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M&A Summary

  • M&A Total Activity8
    • M&A Buy Activity7
    • M&A Sell Activity1
  • Total Sectors Invested 5
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 5
  • M&A Advisors 1

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 ≤ '16 '17 '18 '19 '20 '21 T
Buy (1.0/yr) # 2 - 1 1 3 - 7
vol $40M $40M
Sell (0.2/yr) # - - - 1 - - 1
  8

Most Recent M&A

Company Date Value Type
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 - Add-on Acquisition
Phoenix, Arizona · www.lmisolutions.com
Crane Carrier LLC 2019-01-03 - Divestiture
New Philadelphia, Ohio · www.cranecarrier.com
LMI Solutions 2018-08-22 - Growth Capital
Phoenix, Arizona · www.lmisolutions.com
UPG Company LLC 2016-06-14 - Divestiture
Houston, Texas · www.upgintl.com
Banker Steel Company LLC 2014-08-01 - Buyout (LBO, MBO, MBI)
Lynchburg, Virginia · www.bankersteel.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Automotive 3 (50%) 40M (100%) 3 (43%) 40M (100%)
Building Materials 1 (17%) - 1 (14%) -
Chemicals - - 1 (14%) -
Manufacturing 1 (17%) - 1 (14%) -
Plastics 1 (17%) - 1 (14%) -
Total 6 $40M 7 $40M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 6 (100%) 40M (100%) 7 (100%) 40M (100%)
  Texas 2 (33%) 40M (100%) 2 (29%) 40M (100%)
  Ohio 2 (33%) - 2 (29%) -
  Virginia 1 (17%) - 1 (14%) -
  Michigan 1 (17%) - 1 (14%) -
  Arizona - - 1 (14%) -
Total 6 $40M 7 $40M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Divestiture 4 (67%) 40M (100%) 4 (57%) 40M (100%)
Buyout (LBO, MBO, MBI) 1 (17%) - 1 (14%) -
Growth Capital - - 1 (14%) -
Secondary Buyout 1 (17%) - 1 (14%) -
Total 6 $40M 7 $40M

Exits by Deal Type

Type Total # Value
Trade Sale 1 (100%) -
Total 1 -

Top M&A Advisors

Legal Deals
Chapman & Cutler LLP
 5

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)
14%
1 (14%)
Strategic(s)
57%
4 (57%)
Exited to
Strategic(s)
100%
1 (100%)

Investor Summary

Size

Middle-Market

Established

2013

Specialist/Generalist

Generalist

Leadership

Ilya Koffman

Co-Founder & Managing Partner

Abel Osorio

Partner

Peter Nortrup

Principal

Maurice Murphy

Operating Partner

Michael Korsky

Operating Partner

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