Turnout Capital

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Turnout Industries Skip to content About Investment Criteria Team Investments News Contact Turnout Industries About Investment Criteria Team Investments News Contact © 2026 Turnout Industries. Experienced and trusted partner for lower middle-market companies 566 West Adams, Suite 710, Chicago, IL 60661 info@turnoutindustries.com About us Turnout Industries is a Chicago-based diversified holding company focused on acquiring companies with $5-50 million of revenue and at least $1 million of EBITDA. Turnout Industries was formed in 2021 with committed capital in partnership with a strategic investor. Our flexible structure and indefinite holding period makes Turnout Industries a differentiated investor for lower middle market businesses. 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 U.S. and Canada $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 Spe

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