Sale to Centre Lane Partners, LLC

Technology & Services
Sale to Centre Lane Partners, LLC

Summary

Baird served as exclusive financial advisor to Turning Technologies, LLC on this transaction

About

Turning Technologies, LLC (“Turning” or the “Company”), a portfolio company of Brockway Moran & Partners, Inc. (“Brockway Moran & Partners”), was recently acquired by Centre Lane Partners, LLC (“Centre Lane”). Terms of the transaction were not disclosed.

Founded in 2002, Turning Technologies is an educational technology company dedicated to improving learning experiences and audience engagement. By partnering with instructors, trainers, and event coordinators, the Company helps create engaging interactive learning environments for clients including universities, Fortune 500 companies, and government agencies. Today, Turning has served over 20 million users in over 100 countries worldwide. Turning is headquartered in Youngstown, Ohio.

Founded in 1998, Brockway Moran & Partners has partnered with numerous dynamic middle market companies and their management teams to build their companies through both organic growth strategies and add-on acquisitions that are tightly integrated. Brockway Moran & Partners has completed approximately 100 acquisitions over this time and has, in active concert with management teams, created numerous sector leading companies, while positioning its portfolio companies for long term success. Brockway Moran & Partners has raised over $1.3 billion of committed equity capital. Brockway Moran & Partners is based in Boca Raton, Florida.

Centre Lane is a private investment firm focused on making equity and debt, control and non-control, investments in North American middle market companies. Centre Lane targets companies with revenues between $20 and $500 million that have leading market positions and sustainable competitive advantages in their respective niches across a diverse array of industries. Centre Lane is headquartered in New York, New York.
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Technology & Services
Sale to Centre Lane Partners, LLC
Date
December 2018
Company
Turning Technologies, LLC
Transaction
M&A
Sectors
Technology & Services
Target Location
North America
Acquiror Location
North America

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