Turnspire Capital Partners has acquired GHP Group Inc., a leader in consumer outdoor and indoor heating products, positioning it for significant growth in a thriving market.

Target Information

Turnspire Capital Partners LLC has announced the acquisition of GHP Group Inc., a prominent designer and supplier of consumer outdoor living and indoor heating products. GHP Group, headquartered in Niles, Illinois, has established itself as a leader in its field, producing an extensive range of products including patio heaters, fireplaces, portable heaters, barbecue grills, and water dispensers. The company is well-regarded for its portfolio of recognized brands such as Dyna-Glo, Bond, Pleasant Hearth, and Vitapur.

GHP Group's strength lies in its product development, program execution, and robust supply chain management. These capabilities ensure the delivery of high-quality goods with innovative designs and functionalities. With a diverse customer base that includes major home centers, hardware stores, and online retailers, GHP Group maintains a solid market presence and a commitment to excellence in service and quality.

Industry Overview

The home improvement industry in the United States, particularly in the outdoor and heating product segments, has experienced steady growth in recent years. This growth is driven by increasing co