Infinity Engineered Products, a portfolio company of Turnspire Capital Partners, has completed its acquisition of Meklas Otomotiv.
Meklas is a designer and manufacturer of cabin air springs, axle air springs, and convoluted air springs used in buses, trucks, and trailers. The company operates a vertically integrated manufacturing facility of over 300,000 square feet in Turgutlu, Turkey. Meklas sells its products to customers in Europe, Asia, and South America via a mix of direct sales and distribution partnerships. Meklas is led by CEO Mustafa Ercan and was founded in 1986.
Infinity is the exclusive manufacturer and distributor of Goodyear-branded air springs for heavy-duty commercial vehicles — trucks, buses, trailers, and specialty vehicles — including Goodyear SuperCushion rolling lobe air springs, bellows air springs, and SpringRide air springs. Its customers include OEMs and aftermarket distributors. The Goodyear air spring line was originally developed in 1957 by The Goodyear Tire & Rubber Company. Today, Infinity is led by CEO Char Zawadzinski and is headquartered near Akron in Fairlawn, Ohio.
“We are very excited to add Meklas to the Infinity family, as the shared resources and capabilities of both businesses will allow us to accelerate growth, better serve customers, and expand into new markets,” said Mr. Zawadzinski.
Turnspire formed Infinity in November 2020 by acquiring the Goodyear Air Springs business from publicly traded EnPro Industries. Through that transaction, Infinity acquired all the assets of Goodyear Air Springs — including full brand licensing rights, all technical and manufacturing facilities in the U.S. and Mexico, and all intellectual property — for $32 million in cash plus a $7.5 million seller note. EnPro purchased that business in 2015 from Continental AG for $20 million, when it had annual revenues of about $100 million and EBITDA of $4.8 million.
With this acquisition, Infinity will leverage Meklas’s manufacturing capacity to expand its Goodyear-branded air springs sales in Europe. “This transformative acquisition adds meaningful production capacity to Infinity and enables Goodyear air springs’ expansion into the EMEA region, which we believe will unlock numerous growth pathways and solidify Infinity as a global powerhouse,” said Abel Osorio, a partner at Turnspire and chairman of Infinity.
The global commercial vehicle air springs market is projected to grow steadily, driven by increased demand for better vehicle comfort, stability, and safety. According to Fact.MR, the market is expected to rise from $7.9 billion in 2025 to $13.2 billion by 2035, representing a compound annual growth rate (CAGR) of 5.3%. Growth is supported by greater adoption of air suspension systems in trucks, trailers, and electric commercial vehicles, along with growth in the aftermarket segment as fleet operators emphasize durability and performance to reduce logistics downtime.
Air springs offer key operational benefits, such as automatic adjustment of ride height and stiffness based on load, enhancing handling, extending vehicle life, and improving driver comfort. These traits make them suitable for both OEM and retrofit use across geographies. While North America and Europe currently hold the bulk of market share, Asia-Pacific is expected to post the fastest growth due to rapid urbanization, infrastructure development, and vehicle electrification. Continued innovation, such as embedding digital monitoring into air spring modules, is expected to support industry goals in safety, efficiency, and sustainability over the next decade.
Turnspire invests in North American companies with revenues between $75 million and $400 million, regardless of whether they have positive or negative EBITDA. The firm specializes in carve-outs, family ownership transitions, distressed companies, and complex transactions in out-of-favor or misunderstood industries. In December 2023, Turnspire closed Turnspire Value Fund II LP with $275 million in capital commitments. The firm is headquartered in New York City and was founded by Ilya Koffman in 2013.
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