# Turnspire Capital Partners to acquire Spectra Premium Industries

Turnspire Capital Partners will acquire Spectra Premium Industries' operations, with the company emerging from financial restructuring under the new name Spectra Premium Mobility Solutions. The transaction is expected to close in Q4 2021.

- Type: Acquisition
- Announced: 2021-09-20
- Where: Boucherville, Quebec, Canada
- Status: announced
- Products: automotive and heavy duty parts, metal transformation, heat transfer, electronics
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Turnspire Capital Partners](https://endata.com/companies/11944.md) (acquirer)
- [Spectra Premium Industries](https://endata.com/companies/57863.md) (target)

## Sources

- [newswire.ca](https://www.newswire.ca/news-releases/-c-o-r-r-e-c-t-i-o-n-from-source-spectra-premium--884199162.html), 2021-09-21: "The agreement with Turnspire brings new capital investment, a clean balance sheet and financial stability, strengthening our ability to compete as an advanced and robust automotive and heavy duty parts manufacturer."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.