Turnspire Capital Partners LLC has completed its acquisition of the Daniel Measurement and Control business from Emerson Electric Co. (NYSE: EMR). Turnspire has also appointed Keith Barnard as CEO of Daniel.
Headquartered in Houston with a manufacturing facility in Chihuahua, Mexico, Daniel is a provider of flow and energy measurement technologies and services to the natural gas and refined hydrocarbon industries.
Barnard previously served in a variety of executive positions at Forum Energy Technologies, Halliburton, Flowserve Corp., and Dresser Industries.
Abel Osorio, partner of Turnspire, said, “Turnspire is excited to partner with Keith to establish Daniel as an independent global leader in the energy test and measurement instrumentation sector. We are committed to supporting Keith and the Company as we invest in R&D, pursue attractive organic growth opportunities and execute on a strong pipeline of strategic acquisition opportunities. We look forward to working collaboratively with the entire Daniel management to solidify the business’ market leadership.”
Barnard said, “I’m thrilled to collaborate with Turnspire in this exciting next chapter for Daniel, an iconic Company in our markets with best-in-class technology. Turnspire’s track record of manufacturing excellence and investing in carve-outs will position Daniel for continued success over the long term. Our management team and I will work closely with Turnspire to develop and execute on a range of growth and operational initiatives to build upon Daniel’s long and successful history.”
Chapman and Cutler LLP is acted as legal counsel to Turnspire with respect to the transaction.