Turnspire to acquire STEMCO Air Springs business of EnPro Industries
Turnspire Capital Partners, a special situations-focused private equity firm, has agreed to acquire US industrial conglomerate EnPro Industries’ STEMCO Air Springs business unit, which manufactures Goodyear-licensed air springs, and also Super Cushion and Spring Ride air springs. EnPro Industries will be paid $32.0 million in cash and also a long-term promissory note with a face […]