About us

Turnout Capital Management, LLC is a Chicago-based private equity firm focused on control and non-control transactions for companies with $5-50 million of revenue and at least $1 million of EBITDA. 

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.

 


Investment Criteria

New Platforms

Continental U.S.

$5-50 million revenue

>$1 million EBITDA

Control and non-control

Complete junior capital solution, subordinated debt and equity


Situations

Healthy and underperforming

Growth financing through full buyout

Private seller preferred, although we will acquire from institutional owners


Industries

Business Services

Manufacturing

Distribution and Logistics

SUBSECTORS

Food Processing and Ingredients

Testing, Inspection and Certification

Specialty Treatments and Coatings