Turnspire Capital Partners Acquires LifeLine Foods and ICM Biofuels, Forming The LifeLine Group

Turnspire Capital Partners Completes Acquisition of Pharmachem Innovations from Ashland

September 3, 2024

Food & Beverage

Turnspire Capital Partners has acquired Pharmachem Innovations, the former nutraceuticals business of Ashland Inc., creating an independent nutraceuticals platform. Pharmachem — a provider of proprietary nutrition ingredients, custom formulation and contract manufacturing with ~500 employees across facilities in New Jersey, Utah and Tamaulipas, Mexico — will be led by Executive Chairman Maurice Murphy and Interim CEO Jeff Rogers as Turnspire pursues operational growth opportunities.

IK Partners Acquires Majority Stake in GoodLife Foods

May 30, 2023

Food & Beverage

IK Partners' IK IX Fund has signed an agreement to acquire a majority stake in GoodLife Foods B.V. from Egeria Capital Management, with GoodLife management reinvesting. Headquartered in Breda, Netherlands, GoodLife is a leading European manufacturer of frozen snacks and meal components (over 700 employees across six plants); IK plans to support international expansion and buy-and-build growth.

Aflac Global Investments Acquires 40% Stake in Tree Line Capital Partners

May 16, 2024

Financial Services

Aflac Global Investments (AGI) agreed to acquire a 40% stake in San Francisco-based private credit manager Tree Line Capital Partners and will make a multiyear commitment to allocate a portion of its annual investable cashflow to the firm. Tree Line — which manages approximately $2.7 billion and specializes in direct lending to the lower middle market — will retain investment and operational autonomy with its existing leadership continuing to run the business.

Turnspire Capital Partners Acquires GHP Group

October 2, 2024

Consumer Products

Turnspire Capital Partners, through an affiliate, has acquired GHP Group Inc., a Niles, Illinois–based designer and supplier of outdoor living and indoor heating consumer products (brands include Dyna-Glo, Bond, Pleasant Hearth and Vitapur). Turnspire said it will support GHP with operational improvements, new product development and organic growth initiatives. Wilkie Farr & Gallagher acted as legal counsel and William Blair served as financial advisor to Turnspire.

GEF Capital Partners Acquires Lifecycle Renewables

June 30, 2022

Energy

GEF Capital Partners, a Washington, D.C.-based sustainability-focused private equity firm, has completed the acquisition of Lifecycle Renewables, a Massachusetts-based producer of renewable heating oil (LR100). The investment will support increased production of LR100 and expansion of Lifecycle Renewables' geographic reach beyond the Northeast and Mid-Atlantic to meet growing demand from institutional customers.

CIC Partners Invests in Packline USA

January 24, 2023

Manufacturing

CIC Partners (a Dallas-based private equity firm) has made a strategic/growth investment in Packline USA, partnering with founder and CEO Amir Tamshe. The investment will support Packline’s product development, sales & marketing and continued delivery of packaging equipment, materials and integration services to the food & beverage industry.