Turnspire Capital Partners Acquires USG Water Solutions from Veolia

Warren Equity Partners Acquires USG Water Solutions from Turnspire Capital Partners

March 24, 2026

Infrastructure

Turnspire Capital Partners announced that an affiliate sold its portfolio company USG Water Solutions to Warren Equity Partners (WEP). USG is a provider of water asset management services for municipal and private customers across North America, with operations in all 48 contiguous states and more than 450 employees. Terms of the transaction were not disclosed.

Veolia Acquires CDPQ’s 30% Stake in Water Technologies and Solutions (WTS) for Full Ownership

May 7, 2025

Environmental Services

Veolia signed an agreement with CDPQ to acquire CDPQ’s 30% minority stake in its subsidiary Water Technologies and Solutions (WTS), giving Veolia full ownership. The deal is intended to simplify the structure, increase operational control, and unlock additional run-rate cost synergies of about €90 million by 2027, with closing expected by the end of June 2025.

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.

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).

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.

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.