Turnspire Capital Partners Sells UPG To The Partner Companies

New York, NY – Turnspire Capital Partners LLC (“Turnspire”) announced that an affiliate has sold Turnspire portfolio company UPG Company, LLC (“UPG”) to The Partner Companies, LLC (“TPC”). Terms of the transaction were not disclosed.

UPG is a leading designer, manufacturer and assembler of highly engineered, mission-critical components for data center, healthcare, energy and diversified industrial end-markets. Headquartered in Houston, Texas, UPG also operates manufacturing facilities in Wales, United Kingdom and Suzhou, China, enabling it to serve customer needs on both a local and global basis.

Since carving out UPG from MedPlast, Inc. in 2016, Turnspire and management have transformed the business from a non-core subsidiary into an independent, growing, best-in-class supplier to its diversified customer base. UPG has won new strategic business from market-leading customers across several continents, launched new industry-leading products, and invested in new engineering and manufacturing capabilities while maintaining world-class quality and customer service. Under Turnspire’s ownership, UPG dramatically improved its profit margins and increased EBITDA significantly.

“UPG was a fantastic investment for Turnspire and a great example of our ability to complete complex transactions, dramatically improve businesses through strategic and operational initiatives, and ult