CHICAGO, IL (November 9, 2022) – Turnout Industries (“Turnout”) is pleased to announce a strategic investment in North Point Associates, LLC (“North Point”). Headquartered in Ipswich, Massachusetts, North Point is a leading provider of investigative due diligence services offering comprehensive proprietary research to its clients for the purpose of evaluating investments and management team members. The company serves a growing list of multi-national private equity firms, venture capital firms, corporations, and campaigns.North Point represents Turnout’s fourth investment since its formation in May 2021.“North Point provides tireless, thoughtful research into founders and management teams for private investors. We are excited to partner with Turnout because they share our commitment to maintaining our approach and quality as we serve a broader audience,” commented Isaac Garcia-Dale, founder and President of North Point Associates.Turnout was advised by BC Miller Law Group in the transaction. North Point Associates was advised by BellMark Partners LLC in the transaction.For more information regarding North Point Associates, please visit northpointassoc.com.
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Turnout Industries is a Chicago-based diversified holding company targeting both control and non-control investments in companies with $5-50 million of revenue and at least $1 million of EBITDA. From its committed capital base, Turnout provides both equity and subordinated debt to companies in the business services, manufacturing and distribution/logistics categories. Turnout seeks to build long term value through investments in management teams, company infrastructure and strategically additive acquisitions. With the benefit of a flexible timeline, Turnout will seek to build value over extended periods tailored to each specific company’s opportunities.We are committed to approaching each investment opportunity with the appropriate mix of humility and relevant experience. We prefer candor and believe in straightforward communications. We are an excellent partner to management teams and good stewards of our businesses. For more information regarding Turnout, please visit turnoutindustries.com or follow us on LinkedIn for our latest updates.