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Configure played an instrumental part in the transaction, not only by helping us find the right capital partner, but also by providing constant guidance on positioning and structuring the deal.

- Riley McCabe
Vice President at Turnspire

Configure Partners Advises Infinity Engineered Products on Credit Facilities Related to a Refinancing and Add-on Acquisition of Meklas Otomotiv

 

Atlanta, GA — Configure Partners, an investment banking platform specializing in debt placement and credit advisory services, announced today its role as exclusive advisor to Infinity Engineered Products in securing committed debt capital to support its refinancing and acquisition of Meklas Otomotiv. A portfolio company of Turnspire Capital Partners, Infinity is the global exclusive provider of Goodyear® rolling lobes, bellows, and sleeve air springs with superior performance for trucks, trailers, buses, and specialty vehicles.

Founded in 1957 and headquartered in Fairlawn, Ohio, with manufacturing operations in San Luis Potosí, Mexico, Infinity is a leading provider of high-performance air springs for commercial vehicle applications. Infinity delivers a comprehensive product portfolio along with customizable solutions, serving a diverse customer base. Meklas, founded in 1986, is one of Europe’s leading air spring manufacturers with production facilities in Turkey and worldwide export capabilities.

Configure supported all aspects of the financing process, including lender screening, approach to market, transaction structuring, and negotiation of the financing-related documentation.

“Configure played an instrumental part in the transaction, not only by helping us find the right capital partner, but also by providing constant guidance on positioning and structuring the deal,” said Turnspire Vice President Riley McCabe. “This was a highly complex transaction, and we greatly value Configure’s expertise in helping deliver a successful outcome for Infinity.”

“Having originally advised Turnspire on its carveout of Infinity from Stemco in 2020, we are pleased to once again support the firm in achieving this major milestone,” said Configure Director James Bardenwerper. “It is rewarding to see Infinity’s development over Turnspire’s hold to date and exciting to have played a role as the business further strengthens its leadership in the global air springs market.”

About Infinity Engineered Products (www.goodyearairsprings.com)
Infinity Engineered Products is the global exclusive manufacturer of Goodyear® branded air springs. Infinity’s product portfolio is comprised of high-performance air springs for heavy-duty, severe-duty, and vocational commercial vehicles. Infinity’s commercial vehicle customers include original equipment manufacturers and aftermarket distributors. Infinity’s line of air springs was founded in 1957 by the Goodyear Rubber and Tire Company.

About Turnspire Capital Partners (www.turnspirecap.com)
Turnspire Capital Partners invests in high-quality businesses that have reached strategic, financial, or operational inflection points and stand to benefit from our hands-on, operationally focused approach. Turnspire’s investment philosophy is predicated on creating value through operational improvements rather than through financial leverage. Turnspire strives to make each of its companies best-in-class in its respective industry niche and then to grow the businesses through organic initiatives or strategic acquisitions.

About Configure Partners (www.configurepartners.com)
Configure Partners is a preeminent credit-oriented investment bank headquartered in Atlanta. The firm specializes in debt placement, special situations, and M&A advisory, providing superior client service and execution to private equity sponsors in acquisition finance, refinancing, and dividend recapitalization transactions. The firm’s credit resolution and special situations practice is the trusted advisor for stakeholders confronting capital structure challenges. Our people-smart team of bankers differentiates through real-time knowledge of the debt capital markets and becomes a true extension of our clients’ teams, delivering unmatched results and an exceptional client experience.