INVESTOR LOGIN OVERVIEW INVESTMENT STRATEGY TEAM EXECUTIVE IN RESIDENCE OPERATOR NETWORK PORTFOLIO NEWS CONTACT Turnspire Acquires MPI Products; Trevor Myers Named President & CEO New York, NY – Turnspire Capital Partners LLC (“Turnspire”), a special situations-focused private equity firm, announced today that, through an affiliate, it has acquired the assets of MPI Holdings, LLC (“MPI” or the “Company”). Turnspire also announced that Trevor Myers, an accomplished and respected automotive executive and a Turnspire Executive in Residence, has been appointed President and Chief Executive Officer of MPI. Founded in 1969, MPI is North America’s leading Tier 1 supplier of high-precision, fineblanked metal components, and is a leader in safety and mission-critical automotive and industrial parts. Across five strategically located plants in the U.S. and México, MPI’s product portfolio is comprised of highly engineered metal components with unparalleled dimensional accuracy and dependability in critical applications. MPI’s automotive customers include several large original equipment manufacturers and global Tier 1 automotive suppliers. Turnspire Partner Abel S. Osorio said, “We are excited to bring MPI's world-class fineblanking capabilities, well-positioned facilities and highly skilled workforce into the Turnspire portfolio. MPI is conservatively capitalized, with ample resources to invest in transformative process improvements, R&D, significant organic growth and to fund strategic acquisitions. MPI remains committed to providing current and future customers with world-class product quality and customer service.” Mr. Myers said, “I’m honored to join such a storied and remarkable company. Over decades MPI has established itself as the leading supplier of formed metal products in the North America automotive industry with a persistent focus on quality and customer service. Turnspire’s operational support and strategic guidance will enable MPI to better serve both new and existing markets while rapidly expanding into adjacent markets that benefit from fineblanked processes.” “Turnspire relentlessly seeks opportunities where we are uniquely positioned to collaborate with our Executives in Residence and network of operating experts to create the most value, and we are thrilled to acquire MPI and bring in an executive of Trevor’s caliber as CEO,” said Turnspire’s Managing Partner Ilya Koffman. “I have known Trevor for well over a decade and have seen him drive domestic and international growth, customer diversification and substantial operational improvements.” Mr. Myers previously served as President and CEO of Cloyes Gear from 1997 to 2017. He was a member of the Board of Directors of Cloyes, HHI Holdings, Automotive Aftermarket Suppliers Association, National Engine Parts Manufacturers Association and NAPA Supplier Council. Mr. Myers has a Bachelor of Science degree from the University of Michigan. Chapman & Cutler LLP served as legal counsel to Turnspire. Houlihan Lokey Capital, Inc. served as the exclusive financial advisor to MPI Holdings, LLC. Haynes and Boone, LLP served as legal counsel to MPI Holdings, LLC. About Turnspire Capital Partners Turnspire Capital Partners 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. Turnspire’s investment philosophy is predicated on creating value through operational improvements rather than through financial leverage. Turnspire strives to make each of its companies best-in-class in their respective industry niche, and then to grow the businesses through organic initiatives or strategic acquisitions. For additional information, please visit www.turnspirecap.com. CONTACT: Mark Semer Kekst CNC 212-521-4802 Recent News Turnspire Capital Partners Completes Acquisition of Spectra Premium Turnspire Capital Partners To Acquire Spectra Premium Industries Turnspire Completes Acquisition of the Daniel Measurement and Control Business of EMerson electric Turnspire Announces Successful Recapitalization of UPG Turnspire Expands Team with Addition of Luis Mercader as Director of Operations and finance Turnspire Capital Partners Agrees to Acquire the Daniel Measurement & Control Business of EmersoN Turnspire Capital Partners Sells Crane Carrier Company To Battle Motors Turnspire Capital Partners Completes Acquisition of Goodyear® Air Springs Turnspire Capital Partners Agrees To Acquire Goodyear® Air Springs from EnPro Industries Turnspire Acquires MPI Products; Trevor Myers Named President & CEO Archive November 2021 (1) 1 post September 2021 (2) 2 posts July 2021 (3) 3 posts March 2021 (1) 1 post November 2020 (1) 1 post August 2020 (1) 1 post January 2020 (1) 1 post November 2019 (1) 1 post September 2019 (1) 1 post January 2019 (1) 1 post September 2018 (1) 1 post August 2018 (1) 1 post April 2018 (1) 1 post November 2017 (1) 1 post February 2017 (1) 1 post July 2016 (1) 1 post June 2016 (1) 1 post December 2014 (1) 1 post July 2014 (1) 1 post 575 Madison Ave | Suite 1006, New York, NY 10022 info@turnspirecap.com | 212-605-0271 © 2021 Turnspire Capital Partners. Print Firm Overview