Turnspire Expands Team with Addition of Luis Mercader as Director of Operations and finance
New York, NY – Turnspire Capital Partners LLC is pleased to announce that Luis A. Mercader has joined the firm as Director of Operations and Finance.
Luis will work closely with the Turnspire investment team to acquire middle market businesses that can benefit from Turnspire’s deep financial and operational expertise. He will lead portfolio company onboarding and support management teams as they execute significant value enhancement initiatives. In addition, Luis will oversee the build-out of Turnspire’s fund infrastructure and internal processes as the firm continues to grow.
Turnspire Managing Partner Ilya Koffman said, “We have had the pleasure of getting to know Luis over many years, most recently through his work as an integral member of our investment team for Infinity Engineered Products and then as interim CFO post close. Luis shares our values and our passion for building world-class, industry-leading companies and I am confident that he will be a tremendous addition to the Turnspire team as we scale our franchise.”
Turnspire Senior Advisor Stephen E. Hoey added, “Having helped build operations, finance and compliance functions at several successful private equity firms during my career, I am pleased that Ilya and Abel are taking a similarly systematic approach at Turnspire. They have retained a talented executive in Luis to lead those functions and I look forward to sharing my experience to support him in his role.”
Prior to working with Turnspire, Luis was a principal consultant with Etonien LLC, where he led carve-outs, post-acquisition integration, and interim CFO engagements. Prior to Etonien, Luis was an Operating Executive at Corinthian Capital, assisting portfolio companies with setting strategic direction and executing performance improvement initiatives, as well as add-on acquisitions.
Luis is a graduate of the Fuqua School of Business (MBA) and Duke University (AB). He is fluent in both English and Spanish.
About Turnspire Capital Partners Turnspire Capital Partners invests in high-quality businesses that have reached strategic, financial or operational inflection points and stand to benefit from our hands-on, operationally focused approach. Turnspire’s investment philosophy is predicated on creating value through operational improvements rather than through financial leverage. Turnspire strives to make each of its companies best-in-class in their respective industry niche, and then to grow the businesses through organic initiatives or strategic acquisitions.
For additional information, please visit www.turnspirecap.com.
CONTACT: Mark Semer
Gasthalter & Co.