Configure Partners Advises Turnspire on its Acquisition Financing for Infinity Engineered Products
Atlanta, GA — Configure Partners, LLC (“Configure”), a leading middle market investment bank, is pleased to announce its role as exclusive financing advisor and investment banker to Turnspire Capital Partners (“Turnspire”) in securing committed debt capital to support Turnspire’s acquisition of the Goodyear® Air Springs business from EnPro Industries, Inc. (NYSE: NPO). Goodyear® Air Springs, a leading provider of premium air springs for trucks, trailers, buses, and specialty vehicles, is the first acquisition of Infinity Engineered Products, a new platform formed by Turnspire.
“Executing a new platform acquisition during the early stages of the COVID-19 pandemic was not without its challenges,” said Abel Osorio, Partner at Turnspire. “However, Configure deftly navigated the capital markets to deliver a capital structure with a great lending partner that will help support our growth plan for Infinity.”
Doug Clarida, Managing Director of Configure commented, “We are pleased to have worked with Turnspire on its acquisition of Infinity. As experts in carveouts, we are confident Turnspire is the right partner for Infinity, and we are excited to have played a role in this transaction.”
Turnspire Capital Partners invests in high-quality businesses that have reached strategic, financial or operational inflection points and stand to benefit from its 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 subsequently to grow the businesses through organic initiatives or strategic acquisitions.
Configure Partners is a preeminent credit-oriented middle-market advisory boutique with offices in Atlanta and New York City. The firm provides investment banking and financial advisory services surrounding credit and creditor’s rights, providing actionable advice and results-oriented execution. Configure’s Debt Advisory practice designs bespoke financing solutions for borrowers to support leveraged buyouts, acquisitions, refinancings, and dividend recaps, among other strategic objectives. The firm’s Credit Resolutions practice is the trusted advisor to lenders and their borrowers when confronting business, liquidity, or capital structure challenges. Securities transactions offered through affiliated broker-dealer Configure Partners Securities.