Turnspire Capital Partners acquires Spectra Premium

Counsel to Turnspire Capital Partners LLC

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On November 16, 2021, Turnspire Capital Partners LLC (“Turnspire”) announced that a newly formed company, Spectra Premium Mobility Solutions, LLC (“Spectra” or the “Company”) had completed the acquisition of the assets of Spectra Premium Industries pursuant to the Companies’ Creditors Arrangement Act (“CCAA”) proceedings with the Quebec Superior Court and pursuant to the Chapter 15 proceedings with the United States Bankruptcy Court for the District of Delaware. Headquartered in Boucherville, Quebec, Spectra is a designer, manufacturer and distributor of thermal and fluid management products for the OEM and aftermarket automotive, heavy-duty truck and industrial segments.

Turnspire invests in high-quality businesses that have reached strategic, financial or operational inflection points and stand to benefit from our hands-on, operationally focused approach.

Miller Thomson advised Turnspire on the acquisition with a team led by Jeffrey Carhart (Restructuring) and Max Spearn and Luigi Valente (Corporate/M&A); Hubert Sibre (Commercial Litigation); Kenneth Rosenstein (Financial Services); Lawrence Witt (Employment); and Adina Georgescu (Environmental).

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