The Partner Companies, a family of U.S. manufacturers focused on filling supply gaps and providing services, has bought UPG Company, a designer, manufacturer and assembler of engineered components, from Turnspire Capital Partners.
UPG provides components for data center, healthcare, energy and industrial end-markets. Headquartered in Houston, Texas, UPG also operates facilities in Wales, U.K. and Suzhou, China.
“Turnspire was a truly engaged and value-added owner and partner for me and the UPG team over the past six years,” says Maurice Murphy, UPG CEO. “This very successful outcome is a result of our excellent accomplishments transforming and growing the business. UPG’s future is bright, and I am excited to continue leading this great business.”
Cowen & Co. represented UPG as its financial advisor and Chapman and Cutler LLP acted as UPG’s legal counsel in connection with the sale.