Backcast Partners Supports the Continued Growth of Daniel

NEW YORK, Sept. 25, 2025 /PRNewswire/ -- Backcast Partners ("Backcast"), a leading provider of debt and equity capital for middle-market companies, is pleased to announce its most recent investment supporting the continued growth of Daniel Measurement and Control ("Daniel" or the "Company"), an existing Backcast portfolio company. Backcast's investment was made alongside Daniel's private equity sponsor, Turnspire Capital Partners ("Turnspire"), and provides Daniel with capital to support the ongoing growth in demand for its industry-leading metering products. Backcast's partnership with Daniel began in 2021 when Backcast supported the acquisition of Daniel by Turnspire.

Headquartered in Houston with a state-of-the-art, strategically located manufacturing facility in Chihuahua, Mexico, Daniel is a global leader in providing flow and energy measurement technologies and services to the natural gas and refined hydrocarbon industries.

Backcast Managing Partner Mark Gudis said "We are excited to once again partner with Daniel and Turnspire in support of the growing demand for Daniel's measurement solutions. Daniel is now well funded to capture and capitalize on this demand growth."

CEO Tony Morris, said "Backcast has been a true partner to Daniel since their initial investment, and this transaction is yet another example of Backcast's solutions-oriented and value-additive approach."

Backcast was represented in the transaction by Greenberg Traurig.  

About Backcast Partners

Backcast Partners, formed in 2016, manages value-additive, credit-focused private investment funds providing capital to both private-equity backed and privately held management-owned companies. With approximately $1.4 billion in assets under management, the Backcast team has been supporting traditional middle-market companies ($7.5 million to $50 million of EBITDA) for decades. Backcast's managed funds have a very flexible capital mandate and seek to invest from $20 million to up to $150 million per transaction. Backcast Partners operates out of offices in New York City and Millburn, NJ.

Information for companies seeking capital, please contact:

Mark Gudis, Managing Partner
[email protected]
(973) 512-7487
www.backcastpartners.com

Investor information, please contact:

David Petrucco, Managing Partner
[email protected]
(973) 512-7482
www.backcastpartners.com 

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SOURCE Backcast Partners