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MIAMI--(BUSINESS WIRE)--Trivest Partners LP (Trivest or Firm), a leading private equity firm focused on investing in founder and family-owned businesses, today announced that Trivest Fund V has completed the sale of its portfolio company Turnpoint Services Group (Turnpoint or Company) to OMERS Private Equity, the private equity investment arm of one of Canadas largest defined benefit pension plans (OMERS). Terms of the sale were not disclosed. Headquartered in Louisville, KY, Turnpoint provides a comprehensive range of plumbing, electrical and HVAC installation and repair services. The Company was established in 2016 with Trivests investment in Dauenhauer Heating & Air. Since this initial investment, Turnpoint has completed 16 add-on acquisitions, increased its revenue by nearly 10x, and grown its employee base from 160 to nearly 2,000. The Company currently operates in thirteen states throughout the Southeast and Midwest regions, and is nationally recognized as a Top-10 plumbing and HVAC service business. Turnpoint was an exciting investment for Trivest from day one. Over our four-year investment period, we had the opportunity to bring 16 terrific family-owned businesses into the Turnpoint/Trivest family. Each acquired company was a leader in its geographic market, and, by bringing these businesses together, we have built a unique platform in the essential services space. Kurt Bratton and the entire Turnpoint team have worked tirelessly to successfully integrate these brands and accelerate growth. The teams efforts have created an exceptional business and we can say with confidence that the whole is greater than the sum of the parts. We believe Turnpoint will continue to be a great home for plumbing and HVAC businesses that are looking to supercharge their growth, says Trivest partner Forest Wester, who co-leads the firms buyout strategies and led the Turnpoint investment. The sale of Turnpoint represents a signature transaction for Trivest and is a testament to the Firms commitment to helping founder-led and family-owned businesses transition and grow. Throughout its ownership period, Trivest leveraged numerous elements of its long-term value creation strategy, the Path to 3x. Trivest created a true Category of One by helping rebrand the entity as Turnpoint Services, driving its customer service-centric value proposition throughout the organization using the unified theme of We Turn Bad Days Into Good Ones. Trivest also worked diligently to Topgrade the rapidly growing organization, filling out a best-in-class management team lead by Kurt Bratton as CEO. The exemplary performance of this team was key to successfully integrating the numerous acquisitions, growing the Companys profitability and ultimately the outstanding exit outcome achieved by Trivest. The growth weve experienced over the past three years has been nothing short of amazing and has culminated in this exciting new partnership with OMERS. We would like to thank the entire team from Trivest. From their original investment in Dauenhauer through the exit process, Trivest showed an incredible commitment to investing in our company and our people to help Turnpoint maximize its potential. Importantly, we would also like to thank our employees. They show up every day ready to turn someones bad day into a good one, and were excited to continue our tradition of service under our partnership with OMERS, said Turnpoint CEO Kurt Bratton. Despite the global pandemic and market disruptions that have served as the backdrop to 2020, Turnpoint continued to thrive, allowing Trivest to pursue a recapitalization in what is considered one of the most attractive residential services sub sectors. Were thrilled to report that Turnpoint excelled at its implementation of our value creation playbook. We couldnt be prouder of our team and Turnpoint management to build such a successful organization, said Trivest managing partner Troy D. Templeton. BlackArch Partners advised Turnpoint on the sale transaction, and Greenberg Traurig served as Turnpoint and Trivests legal counsel. ABOUT TURNPOINT With a heritage that dates back to 1958, Turnpoint has consistently achieved strong growth to become one of the largest essential services businesses in the United States. The companys strategy is to add leading service brands in attractive local markets and enhance their organic growth potential with world class corporate support resources. Turnpoint now provides plumbing, heating, ventilation and air conditioning, and electrical maintenance and repair services in Florida, Georgia, Indiana, Kentucky, Oklahoma, South Carolina, Iowa, Tennessee, Michigan, Ohio, Missouri, Kansas, and Texas. To learn more, visit www.turnpointservices.com ABOUT TRIVEST Trivest Partners LP, with offices in Miami, Los Angeles, Philadelphia, Chicago, and Toronto, is a private investment firm that focuses exclusively on the support and growth of founder-led and family-owned businesses in the United States and Canada in both control and non-control transactions. Since its founding in 1981, Trivest has completed more than 350 transactions, totaling approximately $7 billion in value. To learn more, visit www.trivest.com ABOUT OMERS Founded in 1962, OMERS is one of Canadas largest defined benefit pension plans, with C$109 billion in net assets, as of December 31, 2019. OMERS invests and administers pensions for more than half a million members through originating and managing a diversified portfolio of investments in public markets, private equity, infrastructure and real estate. OMERS had private equity net investment asset exposure of C$15.7 billion as of December 31, 2019. OMERS Private Equity, the private equity investment arm of OMERS with a team of investment professionals in London, New York, Singapore and Toronto, seeks to use its significant and differentiated capital base to partner with management teams of industry leading businesses. For more information, please visit www.omersprivateequity.com

Answer: Trivest Announces Sale of Turnpoint Services