M&A Deal Summary |
|
|---|---|
| Date | 2018-10-01 |
| Target | Federal-Mogul Holdings |
| Sector | Automotive |
| Buyer(s) | Tenneco |
| Sellers(s) | Icahn Enterprises |
| Deal Type | Divestiture |
| Deal Value | 800M USD |
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| Category | Company |
|---|---|
| Founded | 1996 |
| Sector | Automotive |
| Employees | 73,000 |
| Revenue | 15.4B USD (2020) |
Tenneco is a designer, manufacturer and marketer of clean air and ride performance products and systems for the automotive and commercial vehicle original equipment markets. Tenneco was founded in 1996 and is based in Lake Forest, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 6 |
| Sector (Automotive) | 4 of 5 |
| Type (Divestiture) | 3 of 3 |
| State (Michigan) | 1 of 1 |
| Country (United States) | 4 of 4 |
| Year (2018) | 1 of 2 |
| Size (of disclosed) | 1 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-09-01 |
Gruppo Marzocchi - Suspension Business
Zola Predosa, Italy Gruppo Marzocchi S.p.A - Suspension Business supplys suspension technology and products in the two-wheeler market. |
Buy | $15M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-11-15 |
Öhlins Racing A.B.
Upplands Vasby, Sweden Öhlins Racing A.B. is a technology company that develops premium suspension systems and components for the automotive and motorsport industries. Öhlins Racing is based in Upplands Vasby, Sweden. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1987 |
| Sector | Diversified |
| Employees | 20,041 |
| Revenue | 14.1B USD (2022) |
Icahn Enterprises is a diversified holding company engaged in nine primary business segments: Investment, Automotive, Energy, Metals, Railcar, Gaming, Food Packaging, Real Estate and Home Fashion. Icahn Enterprises was founded in 1987 and is based in Sunny Isles Beach, Florida.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 3 |
| Sector (Automotive) | 1 of 1 |
| Type (Divestiture) | 2 of 3 |
| State (Michigan) | 1 of 1 |
| Country (United States) | 2 of 3 |
| Year (2018) | 1 of 1 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-10-05 |
American Driveline Systems
Horsham, Pennsylvania, United States American Driveline Systems, Inc. is the franchisor of AAMCO and Cottman Transmission & Total Auto Care brands. AAMCO and Cottman are the #1 and #2 transmission repair retail chains in North America, respectively, with nearly 700 franchised units in 47 states and three provinces with more than 60 percent brand awareness. The Company is also a remanufacturer of transmissions and related parts through its Global Powertrain Systems (“GPS”) division, which provides franchisees a reliable and price competitive solution for their transmission needs. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-10-29 |
PSC Metals INC.
Mayfield Heights, Ohio, United States PSC Metals is a scrap metal processor that provides services to both generators and consumers of scrap in North America. Situated on-site at steel mills, at industrial scrap generators, and at our strategically located recycling yards, our scrap management programs ensure a level of service far beyond expected industry standards. PSC Metals has locations across North America including Ohio, Pennsylvania, Indiana, Illinois, Missouri, Kentucky, Tennessee, Georgia, and Alabama. |
Sell | $290M |
