Gemspring Capital LLC entered into a definitive agreement to acquire Polymer chemicals business of The Goodyear Tire & Rubber Company (NasdaqGS:GT) for approximately $650 million on May 22, 2025. Under the terms of the transaction, Gemspring will pay Goodyear cash proceeds at closing of approximately $650 million, subject to certain post-closing adjustments. In case of termination of transaction, Gemspring Capital LLC will pay a termination fee of $39 million. The acquisition includes two operating plants located in Houston and Beaumont, Texas, and a research and development facility located in Akron, Ohio. Goodyear will retain its Chemical facilities in Niagara Falls, New York, and Bayport, Texas, and its rights to the products produced at such facilities. Tesham Gor, a Gemspring Executive Advisor, is expected to become Chief Executive Officer of the business being acquired.
The transaction is subject to approval by regulatory board and subject to antitrust regulations. The expected completion of the transaction is in late 2025. Goodyear intends to use transaction proceeds to reduce leverage and fund initiatives in connection with the Goodyear Forward transformation plan.
Lazard acted as lead financial advisor, Deutsche Bank acted as financial advisor, while Squire Patton Boggs LLP acted as legal advisor for The Goodyear Tire & Rubber Company. Piper Sandler & Co. acted as lead financial advisor, Greenhill & Co. acted as a financial advisor, and Kirkland & Ellis LLP acted as legal advisor to Gemspring.
Gemspring Capital LLC completed the acquisition of Polymer chemicals business of The Goodyear Tire & Rubber Company (NasdaqGS:GT) on October 31, 2025. Silver Point Capital?s Direct Lending business served as a Joint Lead Arranger in the $450 million secured term loan financing that supported the acquisition of Polymer Chemicals business of The Goodyear Tire & Rubber Company by Gemspring Capital LLC.
The Goodyear Tire & Rubber Company is a tire company. The Company develops, manufactures, distributes, and sell tires for various applications. It also manufactures and sells rubber-related chemicals for various applications. It is an operator of commercial truck service and tire retreading centers. It operates approximately 950 retail outlets where it offers its products for sale to consumer and commercial customers and provides repair and other services. It manufactures its products in 53 manufacturing facilities in 20 countries. The Company's segments represent its regional tire businesses: Americas; Europe, Middle East and Africa (EMEA), and Asia Pacific. It manufactures and sells numerous lines of rubber tires for automobiles, trucks, buses, aircraft, motorcycles, earthmoving and mining equipment, farm implements, industrial equipment, and various other applications. Its brands include Goodyear, Cooper, Dunlop, Kelly, Debica, Sava, Fulda, Mastercraft and Roadmaster, and others.
This super rating is the result of a weighted average of the rankings based on the following ratings: Global Valuation (Composite), EPS Revisions (4 months), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Investor
Investor
This super composite rating is the result of a weighted average of the rankings based on the following ratings: Fundamentals (Composite), Global Valuation (Composite), EPS Revisions (1 year), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Global
Global
This composite rating is the result of an average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite), and Visibility (Composite). The company must be covered by at least 4 of these 5 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.
Quality
Quality
This composite rating is the result of an average of the rankings based on the following ratings: Capital Efficiency (Composite), Quality of Financial Reporting (Composite), and Financial Health (Composite). The company must be covered by at least 2 of these 3 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.
ESG MSCI
ESG MSCI
The MSCI ESG score assesses a company’s environmental, social, and governance practices relative to its industry peers. Companies are rated from CCC (laggard) to AAA (leader). This rating helps investors incorporate sustainability risks and opportunities into their investment decisions.
