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Announced

Completed

Turnspire Capital Partners completed the acquisition of MPI Holdings.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Diversified Industrials

Private

United States

metal components

Majority

Friendly

Acquisition

Completed

Private Equity

Single Bidder

Synopsis

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Turnspire Capital Partners, a special situations-focused private equity firm, completed the acquisition of MPI Holdings, a supplier of high-precision, fineblanked metal components, and is a leader in safety and mission-critical automotive and industrial parts. Financial terms were not disclosed. "We are excited to bring MPI's world-class fineblanking capabilities, well-positioned facilities and highly skilled workforce into the Turnspire portfolio. MPI is conservatively capitalized, with ample resources to invest in transformative process improvements, R&D, significant organic growth and to fund strategic acquisitions. MPI remains committed to providing current and future customers with world-class product quality and customer service," Abel S. Osorio, Turnspire Partner.

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