Turnspire Capital Partners Acquires Spectra Premium Industries

Turnspire Capital Partners Acquires MPI Holdings

January 16, 2020

Manufacturing

Turnspire Capital Partners, a New York-based special situations private equity firm, has acquired the assets of MPI Holdings, LLC, a North American leader in fineblanked, high-precision metal components for automotive and industrial applications. Turnspire named Trevor Myers as President & CEO and plans to invest in process improvements, R&D, organic growth and strategic acquisitions to expand MPI's capabilities and end markets.

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.

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.

Turnspire Capital Partners Acquires Hines Specialty Vehicle Group (Crane Carrier)

January 3, 2019

Manufacturing

Turnspire Capital Partners has acquired the specialty vehicle group of Hines Corporation and launched Crane Carrier Holdings, LLC to operate the business. The acquired assets — including Crane Carrier Company and CyKlone Mixers (with Kimble Technology) — are headquartered in New Philadelphia, Ohio and will remain led by President and CEO Randy Rollins, with management retaining meaningful ownership stakes.

Turnspire Capital Partners Acquires Swanson Industries and Tiefenbach North America

June 6, 2024

Industrial Services

Turnspire Capital Partners LLC (through an affiliate) has acquired Swanson Industries, a Morgantown, West Virginia–headquartered provider of manufacturing, remanufacturing, repair, and distribution services for mining equipment and hydraulic cylinders. The transaction includes Swanson’s controlling stake in Tiefenbach North America and is intended to support operational improvements, capability expansion, and strategic growth under Turnspire’s partnership with management.

Turnspire Capital Partners Acquires USG Water Solutions from Veolia

May 23, 2023

Environmental Services

Turnspire Capital Partners' affiliate has acquired USG Water Solutions from Veolia North America. Headquartered in Atlanta and Perry, Georgia, USG provides water asset management, tank maintenance, smart metering and water quality technologies across 47 states with over 450 employees; Turnspire named John C. Flaugher as CEO and will operate USG as an independent, growth-focused platform.