Turnbridge completed an equity recapitalization of Aereon (formerly Flare Industries) in 2011, alongside the founding Hainsworth family and the incumbent management team, in order to strengthen the capital base, accelerate organic growth objectives, and enable opportunistic acquisitions (three of which have been completed thus far).
Aereon is a leading global provider of standard and highly-engineered vapor recovery and combustion systems which it manufactures and markets to upstream, midstream, and downstream customers. Founded more than 25 years ago and based in Austin, TX, Aereon's sales are balanced between domestic and international markets, standard and custom equipment as well as substantial after-market parts sales and services.
Headquarters: Austin, TX
Initial Investment: 2011