Turnspire Capital Partners completed the acquisition of Spectra Premium Industries.

Turnspire Capital Partners, a private equity firm, completed the acquisition of Spectra Premium Industries, a North American provider of automotive parts design, engineering, manufacturing, and distribution for the aftermarket as well as for original equipment. Financial terms were not disclosed. "Spectra's best-in-class engineering, and North American manufacturing and distribution capabilities position the Company as a supplier of choice to attractive automotive, commercial vehicle and industrial markets. The Turnspire acquisition will result in a strong balance sheet through the elimination of significant prior liabilities. Further, Spectra will benefit from our commitment to manufacturing excellence and access to significant strategic, operational and financial resources. We are excited to work with Spectra's management team to build on the Company's legacy of innovation and achieve profitable growth," Ilya Koffman, Turnspire Capital Partners Managing Partner.