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Turnspire Capital Partners finalizes acquisition of GHP Group Inc.

Oct 02, 2024•about 1 year ago

Acquiring Company

Turnspire Capital Partners

Acquired Company

GHP Group

New YorkNilesAngel InvestmentVenture CapitalFinanceFinancial ServicesManufacturing

Description

Turnspire Capital Partners LLC has announced the acquisition of GHP Group Inc., a prominent leader in consumer outdoor living and indoor heating products. Turnspire's hands-on, operationally focused approach aims to leverage GHP's potential in multiple product categories and support transformative process improvements, new product development, and organic growth opportunities.

Company Information

Company

Turnspire Capital Partners

Location

New York, New York, United States

About

Turnspire Capital Partners LLC is an investment firm that specializes in acquiring high-quality businesses that have reached strategic, financial, or operational inflection points. The firm focuses on creating value through operational improvements rather than through financial leverage and aims to make each of its portfolio companies best-in-class in their respective industry niche.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed