Name

Turner & Co

Legal name

Turner & Co (Glasgow) Limited

Website

https://turner.co.uk

Company type

Private

Founded year

1912

Operating status

Operating

Headcount range

1,001–5,000 employees

Ownership category

akta.pro rank

Product category

Private Capital Investment

NAICS

Portfolio Management and Investment Advice (523940), Other Financial Investment Activities (5239)

SIC

Investment Advice (6282)

akta.pro primary industry

Business Services (B2B) Growth Equity (FSANACAD)

akta.pro secondary industry

Family Office Investment Platforms & Direct Investing (PE/VC/Co-Invest) (FSAAADAH)

Keywords

• Private capital investment
• Industrial business services
• Portfolio investment management
• MBO MBI transactions
• Family office investing

Headquarters

HQ city

Glasgow

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Private Equity Returns: Turner generates returns through capital appreciation, portfolio company exits, and dividends from its wholly-owned and co-invested companies. The firm reinvests profits and maintains a capital base of over £100 million for deployment into new acquisitions.
2. Co-Investment Returns: Passive co-investments in growth-stage companies through partnerships with private equity houses, generating returns through equity appreciation and yield-generating loans.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Turner & Co is a fourth-generation family-owned private capital investment firm that deploys capital into UK and European industrial and business services companies. It invests directly via MBO, MBI, carve-outs and buy-and-build platforms (typically £15m-£25m enterprise value, £1m+ EBITDA), co-invests alongside private equity houses (£100,000 equity or yield loans), and backs early-stage impact ventures (£25,000 equity) through angel syndicates and impact funds.

Product overview

Turner & Co is a fourth-generation family investment business, not a product technology company. The firm operates as a private capital investment platform providing direct investment to industrial and business services companies through various growth models including MBOs, MBIs, carve-outs, and buy-and-build strategies. The company takes a majority stake with a patient, partnership mindset. Its portfolio includes wholly-owned operating companies (Blue Cube, Exsel Pumps, TCL Tanker Rental, Turner Engine Control Solutions, Turner Groundscare, Mitchell Powersystems, Turner Iceni), joint ventures (Foster Turner Hydro), and co-investment/impact investment programs targeting growth-stage and early-stage companies across diverse sectors including renewable energy, marine services, and industrial equipment.

Differentiator

Problem solved

Functional benefit

Products and services

• Direct Private Capital Investment Long-term, majority-equity investment by Turner & Co into UK industrial and business services companies via MBO, MBI, carve-out and buy-and-build models. Targets preferred enterprise values of £15m-£25m with minimum £1m EBITDA for new acquisitions and £5m EBITDA target for portfolio add-ons. Management teams retain an equity stake and partner with Turner for capital and operational support.
• Co-Investment Program Passive co-investments alongside primary private equity houses into UK growth-stage companies. Typical cheques of £100,000 in equity or yield-generating loans, with a 3-5 year exit intention. Recent co-investments include AMufacture (with Maven Capital) and EE Smith.
• Impact Investment Program Early-stage impact investments through angel syndicates and impact-focused funds, typically £25,000 equity cheques with a 7-10 year exit horizon and follow-on intent. Portfolio includes Watercycle Technologies, MiAlgae, Bioliberty and Chemify.
• Blue Cube Rental solutions business within Turner's portfolio providing portable blast freezers, blast chillers, tempering units and temperature-controlled storage units across the UK cold chain. Acquired by Turner with an initial £6m investment in 2009, Blue Cube revenues increased sixfold.
• Exsel Pumps National temporary pumping solutions specialist supporting UK water infrastructure and specialist applications including construction, utilities, quarrying, waste management, harbours and industrial organisations. Acquired by Turner in 2007; revenue increased by over 400% since acquisition.
• TCL Tanker Rental One of the UK's largest stainless steel tanker rental companies with over 300 state-of-the-art tankers serving waste, chemical, petroleum, food, milk and water sectors in the UK and overseas. Acquired by Turner in 2008; fleet grew five-fold since acquisition.
• Turner Engine Control Solutions Woodward's premier Channel Partner in Europe supporting mechanical, electrical and hydraulic controls in marine, oil & gas, power generation and renewable markets across the UK, Italy, Netherlands and Germany.
• Turner Groundscare Garden and arboriculture machinery supplier in North-west England providing quality equipment (including John Deere, Honda and Stihl) along with maintenance and repair services for professional and domestic customers.
• Mitchell Powersystems Leading UK service, parts and product provider supporting diesel engine, drivetrain and transmission sectors. Formed from the Mitchell Diesel acquisition in the 1980s and expanded over time.
• Turner Iceni Provider of managed work-packages for wind sector projects including turbine maintenance, inspection and monitoring services, operating a fleet of 11 crew transfer vessels for the offshore wind industry.
• Foster Turner Hydro Joint venture between Turner and CRF Hydro Power Ltd developing and operating small-scale hydroelectric power schemes in Scotland. Four operational schemes generate over 5MW renewable energy, with a new 4MW scheme in development.

Quantifiable outcome

• Portfolio companies generate £90m+ turnover with combined balance sheet over £150m
• +3 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered joint venture, strategic channel and exit transaction.

• CRF Hydro Power Ltdjoint ventureStrategic or Co-development PartnerFoster Turner Hydro is a joint venture between Turner and CRF Hydro Power Ltd, a family-owned company with 35 years' experience in hydro power generation in Scotland. The JV has developed 5MW across four hydro schemes and is developing a new 4MW scheme.
• Woodwardstrategic channelChannel Partner/ Reseller/ DistributorTurner Engine Control Solutions is Woodward's premier Channel Partner in Europe, supporting mechanical, electrical and hydraulic controls in marine, oil & gas, power generation and renewable markets across the UK, Italy, Netherlands and Germany.
• Precision Aviation Group (PAG)exit transactionStrategic or Co-development PartnerTurner Aviation was sold to Precision Aviation Group in 2025. PAG is a global provider of aerospace maintenance, repair and overhaul (MRO) services. This sale represents a successful exit and new chapter for the aviation business.

Scale indicators11 records

Recent moves16 records

Expansion highlights5 records

Broad incumbents

• Caledonia Investments: UK-listed, family-influenced investment company with a long-term, patient approach to direct investments in UK and overseas industrial/services businesses. Directly comparable long-duration, family-controlled capital model.
• LDC (Lloyds Development Capital): UK mid-market PE investor backing management teams in UK-based growth platforms. Overlapping £15-100m EV deal size and industrial/services focus make it a broadly comparable incumbent PE peer.
• 3i Group: UK-listed PE group with diversified industrial/business services exposure and focus on mid-market buyouts. Comparable as a publicly traded PE with industrial-services portfolio exposure.
• Foresight Group: UK-listed investment manager with infrastructure, private equity and energy transition funds. Comparable in UK regional deployment and energy-transition exposures (hydro, wind).

Direct peers

• Maven Capital Partners: UK regional PE firm investing in UK SMEs alongside co-investors including Turner. Overlapping deal sourcing in the UK industrial and business services lower mid-market makes it a direct competitor for both platforms and co-investments.
• Mayfair Equity Partners: UK-focused growth-equity firm investing alongside management teams in UK SME/MM companies, often acting as a supportive partner. Directly comparable mandate, geography and deal size profile.
• Livingbridge: UK mid-market private equity firm investing in UK growth companies across business services and industrial sectors with active operational support. Closely comparable in sector and approach.

Regional players

• YFM Equity Partners: UK regional PE manager focused on smaller, regional SMEs often alongside co-investors. Comparable as a UK regional PE buyer of management-led transactions with smaller cheque sizes.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInuk.linkedin.com/company/turner-&-co.-glasgow-limited.

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Turner & Co