Private equity firm Turnspire Capital Partners LLC's affiliate acquired the assets of MPI Products LLC.
Turnspire executive in residence Trevor Myers will join MPI as president and CEO.
Chapman & Cutler LLP served as legal counsel to Turnspire.
Houlihan Lokey Capital Inc. served as financial adviser, while Haynes and Boone LLP served as legal counsel to MPI.
MPI manufactures metal components and safety parts for automotive and industrial use.