The Partner Companies completed the acquisition of UPG from Turnspire Capital Partners.

The Partner Companies, an operator of an investment company, completed the acquisition of UPG, a manufacturer of complex assembly products intended for the consumer, medical, automotive, electronics and industrial markets, from Turnspire Capital Partners, a private investment firm. Financial terms were not disclosed. "UPG was a fantastic investment for Turnspire and a great example of our ability to complete complex transactions, dramatically improve businesses through strategic and operational initiatives, and ultimately realize value that others had not recognized. We thank and commend CEO Maurice Murphy and the UPG management team for their hard work, dedication and incredible success. We wish the talented and dedicated employees of UPG further success under TPC ownership," Ilya Koffman, Turnspire Managing Partner.