Turnspire Capital Partners Acquires USG Water Solutions from Veolia

The Partner Companies Acquires UPG from Turnspire Capital Partners

February 27, 2023

Manufacturing

Turnspire Capital Partners announced that an affiliate has sold portfolio company UPG Company, LLC (UPG) to The Partner Companies, LLC. UPG is a Houston-based designer, manufacturer and assembler of engineered, mission‑critical components serving data center, healthcare, energy and diversified industrial end markets; terms were not disclosed. UPG operates facilities in Houston, Wales (United Kingdom) and Suzhou (China).

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.

Veolia Acquires CDPQ's 30% Stake in Water Technologies and Solutions (WTS)

May 7, 2025

Environmental Services

Veolia has agreed to purchase CDPQ’s remaining 30% stake in its subsidiary Water Technologies and Solutions (WTS) for $1.75 billion, giving Veolia full ownership. The move is intended to simplify the Group structure, unlock ~€90m of run-rate cost synergies by 2027, and accelerate value creation and growth in water technologies, particularly in priority markets such as the United States, semiconductors and pharmaceuticals.

Turnspire Capital Partners Acquires Spectra Premium Industries

November 16, 2021

Automotive

Turnspire Capital Partners, through a newly formed operating company Spectra Premium Mobility Solutions, completed the acquisition of the assets of Spectra Premium Industries pursuant to CCAA and Chapter 15 proceedings. The acquisition gives Turnspire control of Spectra's North American manufacturing and distribution platform—headquartered in Boucherville, Quebec—with more than 700 employees and operations serving OEM and aftermarket automotive, heavy-duty truck and industrial markets.

Baird Capital Invests in UGSI Solutions

June 15, 2022

Environmental Services

Baird Capital's private equity team has made an investment in UGSI Solutions, a provider of water quality management technologies and chemical feed systems for municipal and industrial clients. As part of the deal, Baird partners joined UGSI's board to support growth and operational improvements; financial terms were not disclosed.

TPG Growth Acquires Denali Water Solutions

January 23, 2020

Environmental Services

TPG Growth has signed a definitive agreement to acquire Denali Water Solutions from the company’s management and The Firmament Group. The deal expands TPG Growth’s presence in specialty organic-waste recycling and environmental services, with Denali expected to pursue further organic and acquisitive growth under TPG’s ownership.