US private equity firm Turnspire Capital Partners has completed the acquisition of the Goodyear air springs business from EnPro Industries. Goodyear Air Springs is the first acquisition of Infinity Engineered Products, a new platform formed by Turnspire.
Headquartered in Ohio, US, Goodyear Air Springs is a provider of premium air springs for trucks, trailers, buses, and specialty vehicles, and a partner to OEM and trucking fleets globally. Infinity acquired the assets of Goodyear Air Springs, including full brand licensing rights, the technical and R&D centre located in Ohio, all manufacturing facilities, all intellectual property, all real estate in the US and Mexico, and all personnel.
The air springs firm will continue to go to market under a global and exclusive license from the Goodyear Tire and Rubber Company, which founded the business in 1957.
Turnspire Partner Abel S. Osorio said, “Through our new company Infinity Engineered Products, we look forward to building on the Goodyear Air Springs legacy by increasing the business’ already substantial investment in research and development, technology and new product development, and other initiatives. We are incredibly excited to support the Infinity team as it pursues attractive growth opportunities and strategic acquisitions.”
David Brinkman, who served as General Manager of Goodyear Air Springs for EnPro, has been named CEO of Infinity Engineered Products.