Turnbridge Capital Partners (“Turnbridge”) is a private equity firm targeting investments in middle-market companies that provide value-added operational and sustainability solutions to global participants in the energy, infrastructure and industrial end markets. These global markets, as well as energy transition and environmental themes, have been core areas of focus for the Turnbridge team for decades. Further, our Responsible Investing framework has prioritized Environmental, Social, and Governance (ESG) principles, along with Health, Safety, Environmental, and Compliance (HSEC) standards, throughout our portfolio selection, growth plans and exit objectives.
Since its formation in 2008, Turnbridge has invested more than $600 million of equity capital in twelve (12) platform companies, which have also completed more than 20 corporate and carve-out add-on acquisitions. The $600+ million of capital commitments raised by Turnbridge thus far include both deal-by-deal and co-mingled funds, and our investor base includes a broad group of institutional and individual partners with whom the principals have long-standing relationships. Currently, Turnbridge is pursuing investments that align with its Toward-ZeroTM themes of defined interest.
Although Turnbridge focuses on companies headquartered in North America, many of our portfolio companies have been able to establish and/or expand international operations during our investment partnerships. Turnbridge seeks to invest alongside superior management teams, most often as their company’s first institutional equity partner, to assist in the pursuit of shared strategic growth and value creation objectives. Typically, Turnbridge targets majority ownership investments that eventually require $20 million to $100 million of equity commitment per platform, although we have invested smaller amounts in certain instances to form and grow earlier-stage businesses. Most often, target companies are generating $25 million to $250 million of revenue at the time of initial investment, although in select situations we have provided formation capital to enable a business to be established once a technology has been commercialized. Based in Dallas and with its Houston presence, Turnbridge benefits from the knowledge and relationships its partners have developed over their respective decades of experience in the industries in which it invests.
Turnbridge is guided by principles that strive to deliver superior investment performance:
An expectation that world demand for access to low-cost and low-carbon energy will continue to expand, which will drive the need for growth investments and sustainability improvements
An appreciation for the cyclical characteristics of the global economy and the impact upon thesis development, strategic planning with management partners at portfolio companies, and investment horizons
A focus on value at the time of investment, as well as throughout the execution of operating strategy, to ensure investment return targets can be realized
A prioritized aim to drive returns through organic growth and synergistic acquisitions, and not through engineered capital structures or substituting financial leverage for company operating expertise
A commitment to a collaborative partnership with management, which allows us to be impactful in real-time strategic decisions that drive value creation
An adherence to principles of integrity and open communication, which ensure trust and transparency between managers and investors
An embrace of responsible investing principles, which aligns commitments to our employees, our communities and our environment
The Turnbridge leaders possess meaningful investment, execution and end market experiences, as well as significant strategic relationships that we believe enhance value creation in our partnerships. In addition to our well-developed understanding of the industry sub-sectors into which we invest, our team brings proven experience assisting middle-market companies in their growth evolution and organizational design and development. Specifically, as investors, we strive to enhance value by:
Developing and implementing, together with our management teams, strategic priorities and value-creating operating plans, as well as financial and ESG reporting frameworks to insure alignment and accountability
Investing in vital organizational development, including key areas such as service quality, manufacturing efficiency, health, safety, environmental and compliance, human resources, and finance and accounting
Leveraging our network of established relationships across our end markets of interest, and through our past and present portfolio companies, to source, diligence, and execute strategic acquisitions, as well facilitate introductions to key vendors or customers
Assisting in the continuous evaluation of capital availability, sources and terms, particularly as relevant for financing internal growth and acquisition opportunities
Recruiting executives and attracting industry-knowledgeable board directors and co-investors who can accelerate growth and provide seasoned guidance
Enhancing financial systems, reporting, and controls
Preparing for future liquidity objectives
Overall, as partners we endeavor to serve as valuable counsel to our management teams without interfering with the day-to-day operation of their companies.