Turner has structured itself to become a venture holding company that invests in and supports development of companies. As companies are brought in, some will be kept as 100% assets for the company to use as building blocks for its core acquisition strategy, and others will be “spun off” into other public companies, with Turner keeping a percentage holding in each. Either these become balance sheet assets or potentially each holder of TVOG shares could be eligible for “dividend” shares of any new company “spun off”. That enables current TVOG shareholders to directly benefit from any new acquisition that may be structured in a special purpose vehicle that Turner brings to the company.
The company’s acquisition model is focused on finding and evaluating profitable businesses as merger & acquisition and spin off candidates where cash flow can be improved through its buy, build & bolt-on model within the following segments: real assets, energy, infrastructure, hemp, health, enterprise technology, food and beverage, and manufacturing.
On March 14th, an 8k filing was released that detailed Turner’s first major acquisition. That being the assets of a bitumen shipping company. Turner is very excited about the possibilities with this company, as it is one of the few “pure plays” on the OTC that will benefit directly from the bipartisan congressional proposal to spend $1 trillion to rebuild America’s roads and bridges. Additional information will be released as things progress about this transaction, including the details of the vessels and assets, the bank doing the financing, and the website being developed specifically for this new part of Turner,
While the Company intends to concentrate on the infrastructure sector businesses, Turner is continuing talking to other companies to bring into the Turner portfolio whether wholly owned or spun out. Details, filings, and press releases will be disclosed to the public as soon they materialize.