MERU Provides Buy-Side Diligence to Turnspire for Its Investment in GHP Group
October 2024
ATLANTA, GA — MERU, an operationally focused professional services firm, successfully supported Turnspire Capital Partners in its recent investment in GHP Group, a leading designer and supplier of consumer outdoor living and indoor heating products.
MERU played a critical role in the transaction by providing buy-side commercial and operational diligence support to the Turnspire investment team, analyzing GHP Group's commercial viability and operational processes. This support underscores MERU’s results-driven approach to navigating complex situations and providing value to our clients.
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This engagement was led by Josh Davis, Partner, in collaboration with Justine Chan, Managing Director, Blake Lueder, Director, Chris Cee, Vice President, and Nathan Oehler, Analytics Engineer.
About GHP Group (www.ghpgroupinc.com)
GHP Group, Inc. is a leading manufacturing company which specializes in electric fireplaces, fireplace glass doors, fireplace accessories, electric log sets, portable heating products and barbecue grill products. Our products can be found at most major home centers, hardware stores and internet retailers across North America.
About Turnspire Capital Partners (www.turnspirecap.com)
Turnspire Capital Partners invests in high-quality businesses that have reached strategic, financial or operational inflection points and stand to benefit from our hands-on, operationally focused approach. Turnspire’s investment philosophy is predicated on creating value through operational improvements rather than through financial leverage. Turnspire strives to make each of its companies best-in-class in their respective industry niche, and then to grow the businesses through organic initiatives or strategic acquisitions.
About MERU (www.wearemeru.com)
MERU is an operationally focused professional services firm with a range of service offerings, including Transaction Services, Performance Improvement, Turnaround and Restructuring, and Data Insights. With a deep bench of 150+ specialized subject matter experts with operator backgrounds, we uncover hidden value and execute effectively. MERU partners with clients to provide operational diligence, transformation plans, restructuring strategies, data discovery, and more to drive impactful change and sustainable growth.
