Turnspire Capital Partners

Turnspire Capital Partners is a private investment firm based in New York, established in 2013. The firm specializes in acquiring high-quality businesses that are at critical strategic, operational, or financial junctures. Turnspire Capital focuses on sectors such as aerospace and defense, automotive, capital equipment, chemicals, consumer goods, construction materials, food and beverage, industrial equipment, logistics, metals and metal fabrication, paper and packaging, and plastics. The firm employs a hands-on, operationally focused approach to create value, collaborating with experienced operating executives to drive sustainable improvements in controllable costs, margins, and cash flow within its portfolio companies.

Peter Derby

Senior Associate

Fang Fang Fu

CFO

Matthew Klammer

Associate

Ilya Koffman

Co-Founder and Managing Partner

Riley McCabe

Vice President

Luis Mercader

Director, Portfolio Operations

Neil Minihane

Operating Partner

Tejas Nair

Associate

Ahdiv Nathan

Vice President

Abel Osorio

Partner

Val Shtraks

Operating Partner

11 past transactions

GHP Group

Acquisition in 2024
GHP Group, Inc. is a consumer goods company based in Niles, Illinois, specializing in the manufacturing of electric fireplaces, fireplace glass doors, fireplace accessories, electric log sets, portable heating products, and barbeque grills. The company offers a diverse range of heating solutions, including wood-burning stoves, various types of heaters such as kerosene and gas forced air products, and grill products. GHP Group distributes its products through home centers, hardware stores, and online retailers across North America. Established in 2003, the company has built a reputation for quality and innovation in the heating and outdoor grilling sectors.

Pharmachem Laboratories

Acquisition in 2024
Pharmachem Laboratories, Inc., based in Kearny, New Jersey, specializes in the manufacture and distribution of custom and branded nutritional and nutraceutical ingredients. The company serves various industries worldwide, including natural and nutritionals, food and beverages, flavors, and fragrances. Pharmachem provides manufacturing and product development support, as well as pharmaceutical-grade clean rooms for personal care, cosmetic, and OTC filling markets. They develop extraction products such as botanical extracts and custom isolation and purification products, along with specific oils and compounds for flavor and fragrance companies. Additionally, the company manufactures dairy flavors for various food applications and processes aloe vera gel liquids and powders for multiple markets. Pharmachem also offers a range of research and development, custom manufacturing, laboratory testing, and processing services. The company was founded in 1979 and operates as a subsidiary of Ashland LLC.

Ashland - Nutraceuticals Business

Acquisition in 2024
Ashland - Nutraceuticals Business is a provider of proprietary nutrition ingredients and custom formulation services.

USG Water Solutions

Acquisition in 2023
USG Water Solutions is a provider of water asset management services, catering to both municipal and private water companies. The company specializes in offering comprehensive asset management programs for water and wastewater infrastructure, as well as maintenance services for critical components such as water storage tanks, pipe networks, and concrete structures in treatment plants. By addressing common challenges such as inadequate mixing in storage tanks, insufficient chlorine residual levels in distribution systems, and elevated disinfection byproducts, USG Water Solutions supports its clients in optimizing their water management practices and enhancing their operational efficiency.

Spectra Premium Industries

Acquisition in 2021
Spectra Premium Industries is a manufacturer and distributor of aftermarket and original equipment parts for light and heavy vehicles. The company focuses on providing replacement parts for various motor and recreational vehicles, as well as light and heavy-duty trucks. Its product offerings include cooling systems, fuel delivery components, ignition and engine management systems, and climate control systems. By prioritizing quality and performance, Spectra Premium aims to support sustainable mobility and ensure that its products are tested for durability and easy installation.

Daniel Measurement and Control

Acquisition in 2021
Daniel Measurement and Control is a manufacturer that specializes in flow measurement products for the natural gas and refined hydrocarbon markets. The company provides a range of solutions, including ultrasonic flow meters, orifice plates, fitting products, meter tubes, and various measurement and control systems. These products are designed to facilitate accurate fiscal flow measurement in oil and gas operations, ensuring efficiency and reliability in the management of gas and liquid resources. Daniel Measurement and Control is committed to offering high-quality equipment and supplies that meet the diverse needs of its customers in the energy sector.

MPI Products

Acquisition in 2020
MPI Products is a manufacturer specializing in high-precision, fine-blanked metal components primarily for automotive and industrial applications. The company focuses on producing parts that are essential for powertrain, hydraulic, and propulsion systems in passenger cars and light trucks. Utilizing a fine blanking process, MPI delivers components that meet the stringent demands of mission-critical and safety-critical environments. In addition to metal stamping, the company offers value-added finishing and engineering support, ensuring that clients receive precise and reliable products tailored to their specific needs.

Crane Carrier Company

Acquisition in 2019
Crane Carrier Company specializes in the design, manufacture, and sale of heavy-duty, custom-built chassis for various vocational markets globally. Founded in 1946 and headquartered in Tulsa, Oklahoma, with an additional office in New Philadelphia, Ohio, the company produces a diverse range of vehicles including over-the-road tractors, refuse collection trucks, mobile drill-rig chassis, and terminal tractors for both commercial and military applications. Its product offerings cater to industries such as waste collection, ready-mix concrete, material handling, logging, and oil well servicing. In addition to its vehicles, Crane Carrier Company provides related parts and services, as well as alternative fuel options, including compressed natural gas vehicles. The company serves its customers through an extensive network of sales representatives and dealers, and it operates as a subsidiary of Hines Corporation.

LMI Solutions

Private Equity Round in 2018
LMI Solutions is a manufacturer and distributor of high-quality aftermarket print consumables, including premium replacement toner cartridges and related imaging supplies. Headquartered in Phoenix, Arizona, the company operates state-of-the-art distribution centers across the United States and Canada, serving over 600 Office Equipment Dealers, VARs, and Office Supply Retailers. LMI offers a broad product range, supporting over 1,000 SKUs, including OEM and non-OEM options, with a strong focus on quality and sustainability. Each toner cartridge is backed by a robust satisfaction guarantee, ensuring reliability for end users. The company also provides private labeling and bar-code scanning for accurate order fulfillment. Recognized as a leader in Managed Print Services, LMI offers the PageTrac Advantage suite, which includes print management software, a total cost of ownership calculator, and marketing resources to enhance dealer success. Additionally, LMI actively participates in the Managed Print ecosystem and engages in community support initiatives, demonstrating its commitment to both industry excellence and social responsibility.

UPG International

Acquisition in 2016
United Plastics Group, Inc. is a precision injection-molding company specializing in the manufacturing of plastic components and assemblies for various industries, including data center, automotive, energy, healthcare, and industrial markets. Established in 1999 and headquartered in Houston, Texas, the company operates manufacturing facilities in Houston, Cardiff, Wales, and Suzhou, China. United Plastics Group offers a range of services, including design, prototyping, tooling design, and contract manufacturing, which allows it to deliver complex, value-added assemblies to its global clientele. Through its in-house design capabilities, the company has successfully expanded its product portfolio, positioning itself effectively to meet the diverse needs of its customers.

Banker Steel Company

Acquisition in 2014
Banker Steel Company is a full-service structural steel fabricator headquartered in Lynchburg, Virginia, with additional fabrication facilities in Orlando, Florida, and Plainfield, New Jersey. The company specializes in providing fabricated structural steel and erection services for the commercial construction market along the East Coast. Utilizing advanced robotic welding technology, Banker Steel enhances its production capabilities through 3D modeling, Building Information Modeling (BIM), and electronic drawing management. The company also offers design-assist services, ensuring efficient project execution and high-quality outcomes for its clients.
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