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BlackArch Partners Advises Trivest Partners on Sale of TurnPoint Services to OMERS Private Equity

CHARLOTTE, NC (January 26, 2021) – BlackArch Partners LLC (“BlackArch”) is pleased to announce that TurnPoint Services (“TurnPoint” or the “Company”), a portfolio company of Trivest Partners (“Trivest”), has been acquired by OMERS Private Equity (“OMERS”). 

Headquartered in Louisville, KY, TurnPoint provides a comprehensive range of HVAC, plumbing and electrical services. The Company was established in 2016 with Trivest’s investment in Dauenhauer Heating & Air. Since the initial investment, TurnPoint has completed 16 add-on acquisitions, increased its revenue by nearly 10x, and grown its employee base from 160 to nearly 2,000. The Company currently operates in thirteen states throughout the Southeast and Midwest regions, and is nationally recognized as a Top-10 HVAC and plumbing services business.

Led by a world-class management team, TurnPoint’s data-driven business model is transforming the delivery of home services and demonstrating the significant advantages of a platform at scale.  The Company will leverage the investment and support from OMERS to continue its rapid growth as a leading platform in the sector.

”At TurnPoint, we pride ourselves in the pace of our work and the quality of our team.  We met kindred spirits in the BlackArch team whose drive and passion for our business was second to none.  They knew our industry incredibly well and helped power our team through the diligence process.  We have incredible respect for their team and talent and look forward to working with them again.” – Kurt Bratton, CEO of TurnPoint Services

”We’ve entrusted a number of our very best businesses to BlackArch, and time and again, they have delivered beyond our expectations.  TurnPoint was a signature transaction for our firm and the BlackArch team provided around-the-clock support and senior-level attention.  Their depth of insight into the home services sector evidenced itself throughout the transaction and enabled us to execute an accelerated process and drive a successful outcome.” – Forest Wester, Partner at Trivest Partners

BlackArch was retained by Trivest Partners to serve as its exclusive financial advisor.  The transaction furthers BlackArch’s position as an advisor-of-choice for leading essential and home service companies and is representative of the firm’s focus on providing unique M&A advisory services to market-leading growth businesses.

Transaction Highlights

  • OMERS Private Equity has acquired TurnPoint Services from Trivest Partners
  • The Company’s integration capabilities and data-driven approach to HVAC, plumbing and electrical services position them as a highly differentiated service provider poised to rapidly scale
  • Management will continue to lead the platform and remain an integral part of the shareholder group during the Company’s next phase of growth
  • BlackArch leveraged its deep end market and business model knowledge to successfully navigate the post-COVID market and achieve a superior outcome for management and the shareholders

About TurnPoint

With a heritage that dates to 1958, TurnPoint has consistently achieved strong growth to become one of the largest essential services businesses in the United States. The company’s strategy is to add leading service brands in attractive local markets and enhance their organic growth potential with world class corporate support resources. TurnPoint now provides plumbing, heating, ventilation and air conditioning, and electrical maintenance and repair services in Florida, Georgia, Indiana, Kentucky, Oklahoma, South Carolina, Iowa, Tennessee, Michigan, Ohio, Missouri, Kansas, and Texas. To learn more, visit www.turnpointservices.com

About Trivest

Trivest Partners LP, with offices in Miami, Los Angeles, Philadelphia, Chicago, and Toronto, is a private investment firm that focuses exclusively on the support and growth of founder-led and family-owned businesses in the United States and Canada in both control and non-control transactions. Since its founding in 1981, Trivest has completed more than 350 transactions, totaling approximately $7 billion in value. To learn more, visit www.trivest.com

About OMERS

Founded in 1962, OMERS is one of Canada’s largest defined benefit pension plans, with C$109 billion in net assets, as of December 31, 2019. OMERS invests and administers pensions for more than half a million members through originating and managing a diversified portfolio of investments in public markets, private equity, infrastructure and real estate. OMERS had private equity net investment asset exposure of C$15.7 billion as of December 31, 2019. OMERS Private Equity, the private equity investment arm of OMERS with a team of investment professionals in London, New York, Singapore and Toronto, seeks to use its significant and differentiated capital base to partner with management teams of industry leading businesses. For more information, please visit www.omersprivateequity.com

About BlackArch Partners

BlackArch Partners is a leading middle-market investment bank offering a full spectrum of advisory services to financial sponsors, private companies and diversified corporations. BlackArch addresses the needs of companies with specialized services that include M&A advisory, strategic advisory and private capital solutions. Headquartered in Charlotte, NC, BlackArch features a total of 12 industry-focused practices that cover all sectors of interest to middle-market investors; BlackArch professionals have closed more than 350 transactions in 16 countries on four continents. Please visit our website, www.blackarchpartners.com, for more details.

Securities offered through BlackArch Securities LLC. Member FINRA and SIPC.  Testimonials may not be representative of the experience of all clients.  Testimonials are not a guarantee of future performance or success.