Led · Equity · Aug 2025

Main Street Auto is a founder-owned automotive aftermarket services company headquartered in Atlanta, GA, operating roughly 100 locations throughout the southern United States. The company provides essential auto repair, maintenance services, and tire sales to individual vehicle owners and fleets. Turning Rock Partners completed a $60 million growth financing to support Main Street Auto's expansion. The capital will be used to pursue a buy-and-build strategy, enabling acquisitions and scaling of operations to expand the company's footprint. TRP, which invests in underserved lower-middle market businesses in North America, provided tailored financing solutions for this transaction. Advisors on the deal included Greenberg Traurig (legal), Bennett Thrasher (accounting), Lockton Companies (insurance), Silver Regulatory Associates LLC, and BDO.

Led · Equity · Apr 2024

Hivelocity and Colohouse combine to offer colocation, cloud, bare metal, hosting and related data services across a diversified customer base. The combined business will feature more than 40 data center locations and will be headquartered in Tampa, FL. Management of the merged company is led by Colohouse CEO Jeremy Pease, who described the acquisition of Hivelocity as a strategic move to enhance capabilities and service offerings. The companies plan to drive growth through organic customer expansion and select strategic acquisitions, and to support new initiatives and product offerings. Turning Rock Partners highlighted the combined company's execution and operational domain expertise in data center, network, and bare metal assets as a strength. No revenue or user metrics were disclosed in the article.

Participated · Equity · Apr 2023

MedShift, founded in 2016 and led by CEO Joe Gasque, operates three technology divisions: Specialty Device Subscription, Connected Medical Device (IoT), and the Velocity Technology Suite (enterprise SaaS). The company provides products and services designed to streamline the supply-and-demand landscape for device consumables and injectables across dermatology, gynecology, plastic surgery, and medspa markets. MedShift currently partners with 25 aesthetic manufacturers and distributors, maintains a portfolio of more than 80 devices, and serves over 2,000 active medical providers. Headquartered in Charlotte, North Carolina, the company combines hardware and software to manage distribution and device workflows. MedShift intends to use the newly raised funds to further expand operations and broaden its business reach. The reported financing totals $108 million to support that expansion. MedShift delivers a platform-as-a-service to both medical device manufacturers and individual medical practices in the aesthetic device market. Its services for practices include support for about 30 aesthetic medical devices from nine manufacturers, an aesthetic eCommerce and subscription platform, in-house communications and marketing services, and inbound lead generation. For manufacturers the company provides a secure IoT platform consisting of hardware and software that enables real-time visibility, remote management, and big data modeling of device lineups. The company raised $8M in its first round of funding at a $150M post-money valuation and intends to use the proceeds to grow its presence in the enterprise software segment of the medical technology market. MedShift was founded in 2015, is based in Charlotte, NC, and is led by CEO Brian Phillips.