Turning Point Advisors Lands Strategic Investment from Ackley Capital
Seattle, WA, Jan 24, 2022 -Turning Point Advisors, a Seattle based strategic financial consulting firm, announced today that it has closed a significant investment from Ackley Capital. Citing strategic gains, Ackley Capital and Turning Point see this investment as the final hurdle for growing Turning Point into the west coast’s definitive Financial Consulting company for businesses with revenue ranging from $20-200mm.
Turning Point Advisors has achieved consistent exponential growth in recent years. The Ackley Capital investment builds on this growth and accelerates the Turning Point mission to improve the lives of clients, employees, and communities by helping businesses achieve their greatest potential. Turning Point plans to grow their practice to over 100 practitioners, with clients spanning the west coast.
“This is a significant day for Turning Point Advisors and our extraordinary staff. Our business of helping companies achieve their best possible outcomes is both rewarding and exceptionally valuable,” said Alan Chaffee, Turning Point Founder and CEO. “Ackley Capital’s investment allows us to expand this opportunity to many more companies. I’m grateful and humbled by Ackley Capital’s belief in our vision and strategy. We are the only firm of our kind in the Pacific Northwest. No other firm owns its outcomes for clients as we do, and Ackley understands the incredible value that provides.”
“The talent and know-how that Turning Point Advisors has assembled is enviable by any standard. They are also unique in that they have a proven method for attracting, training, and retaining talent so that they can replicate their best-in-business results for all their clients,” said Jay Ackley, President and CEO, Ackley Capital. “Consulting Firms are often only as good as the one or two people at the top. This is not true of Turning Point, and I’m gratified that Ackley Capital will afford them the capital and the partnership that will help them grow to exceptional heights.”
“As the saying goes, I’m not just an investor, I’m also a client”, Ackley added. “Turning Point has provided remarkable services to other businesses in our portfolio. I was so impressed that I thought, ‘Why shouldn’t they be part of our portfolio?’.”
“Jay and his team know how to build $100mm+ companies, Chaffee added. “We look forward to working with him as we embark on this journey to grow and scale Turning Point. “
About Turning Point Advisors and Ackley Capital
Turning Point was founded in 2009 in Seattle, WA and currently works with over 50 companies in the Pacific Northwest. Turning Point brings financial expertise and operational improvements that improve cash flow and increase profitability for their customers. Turning Point strives to be the premier Financial and Strategic consulting firm for businesses across the west coast. Turning Point will always focus on creating an environment of growth and opportunity for our consultants so that they can help redefine the role of the CFO in the middle market.
Ackley Capital is a private investment firm based in Seattle, Washington. It was founded in 2014 to acquire, own, and manage small to middle market companies. The Ackley Capital team has over 40 combined years of experience in corporate turnarounds and growth companies. Its current portfolio includes K&H Printers and Ackley Beverage Group.
For information on Turning Point - Turning Point Strategic Business Advisors (turning-point.com)
For information on Ackley Capital - Ackley Capital | Private Equity