Complexity = Opportunity

We seek to acquire manufacturing and industrial businesses that are fundamentally sound but undergoing operational, financial, or other challenges. We recognize and create opportunity by addressing complexity.

We develop an in-depth understanding of a company’s markets, products and services, operations, and opportunities. We don’t assess value solely based on historical financial performance. We dig deep to develop our own viewpoint on the business’ potential.

Drawing on Turnspire’s deep bench of operating executives and tailoring Turnspire’s Operational Blueprint to the needs of each business, we strive to create best-in-class companies that outperform their peers. By making dramatic improvements, we help transform our portfolio companies into industry leaders.

Investment Criteria

We seek to acquire manufacturing and industrial businesses that are fundamentally sound but undergoing operational, financial, or other challenges. We recognize and create opportunity by addressing complexity.

We develop an in-depth understanding of a company’s markets, products and services, operations, and opportunities. We don’t assess value solely based on historical financial performance. We dig deep to develop our own viewpoint on the business’ potential.

Drawing on Turnspire’s deep bench of operating executives and tailoring Turnspire’s Operational Blueprint to the needs of each business, we strive to create best-in-class companies that outperform their peers. By making dramatic improvements, we help transform our portfolio companies into industry leaders.

Investment Criteria

Platform characteristics

Revenue: $75-$400 million

EBITDA: Positive or Negative

North American “nexus” with flexibility for international operations

Industries

Aerospace & Defense

Automotive

Capital Equipment

Chemicals

Consumer

Construction / Building Materials

Food & Beverage

Industrial Services

Logistics

Metals & Metal Fabrication

Paper & Packaging

Plastics & Synthetic Materials

Situations

Corporate divestitures / carve-outs / non-core assets

Bankruptcies; out-of-court restructurings; debt for control

Special situations; complex, multi-constituent transactions

Underperformers and operational turnarounds

Out-of-favor or misunderstood industries

Operational Blueprint

Turnspire has developed a comprehensive approach to drive dramatic transformation. The Operational Blueprint focuses on four categories of business improvement and includes specific operational initiatives that are customized to the needs of each investment.

Operational Blueprint

Turnspire has developed a comprehensive approach to drive dramatic transformation. The Operational Blueprint focuses on four categories of business improvement and includes specific operational initiatives that are customized to the needs of each investment.

Transform Culture

Build a resilient leadership team
Enhance and prioritize safety protocols
Establish professional and robust processes, controls, and governance
Cultivate a sense of urgency and accountability
Leverage common sense and rigorous, data-driven decision-making

Improve Productivity

Introduce lean operating principles to streamline operations and improve labor efficiency
Align cost structure to revenue base
Standardize workflows to minimize waste
Establish visual daily management for better oversight
Implement a robust SIOP program to ensure a well-functioning supply chain

Convert Strategy into Execution

Develop a comprehensive 3-to-5-year strategic plan
Prioritize margins, profitability, and cash flow
Translate the strategic plan into actionable annual objectives
Prioritize continuous improvement initiatives
Develop thoughtful compensation plans to align incentives – when we win, our management teams win
Maintain relentless measurement and monitoring

Drive Competitiveness and Growth

Enhance competitive capabilities and position companies for growth via best-in-class cost structures and operational efficiencies
Collect market feedback and insights
Create a customer-focused product strategy to accelerate innovation and new product development
Integrate rigorous pricing, marketing, and sales tools
Continuously evaluate opportunities for investment in organic growth initiatives and strategic acquisitions

Build a resilient leadership team
Enhance and prioritize safety protocols
Establish professional and robust processes, controls, and governance
Cultivate a sense of urgency and accountability
Leverage common sense and rigorous, data-driven decision-making

Introduce lean operating principles to streamline operations and improve labor efficiency
Align cost structure to revenue base
Standardize workflows to minimize waste
Establish visual daily management for better oversight
Implement a robust SIOP program to ensure a well-functioning supply chain

Develop a comprehensive 3-to-5-year strategic plan
Prioritize margins, profitability, and cash flow
Translate the strategic plan into actionable annual objectives
Prioritize continuous improvement initiatives
Develop thoughtful compensation plans to align incentives – when we win, our management teams win
Maintain relentless measurement and monitoring

Enhance competitive capabilities and position companies for growth via best-in-class cost structures and operational efficiencies
Collect market feedback and insights
Create a customer-focused product strategy to accelerate innovation and new product development
Integrate rigorous pricing, marketing, and sales tools
Continuously evaluate opportunities for investment in organic growth initiatives and strategic acquisitions