M&A Deal Summary

American Axle & Manufacturing Acquires Metaldyne Performance Group

On November 3, 2016, American Axle & Manufacturing acquired automotive company Metaldyne Performance Group for 3.3B USD

Acquisition Highlights
  • This is American Axle & Manufacturing’s 4th transaction in the Automotive sector.
  • This is American Axle & Manufacturing’s largest (disclosed) transaction.
  • This is American Axle & Manufacturing’s 1st transaction in the United States.

M&A Deal Summary
Date 2016-11-03
Target Metaldyne Performance Group
Sector Automotive
Buyer(s) American Axle & Manufacturing
Deal Type Add-on Acquisition
Deal Value 3.3B USD
Advisor(s) BofA Securities (Financial)
Weil Gotshal & Manges (Legal)

Target

Metaldyne Performance Group

Plymouth, United States
website
Metaldyne Performance Group, Inc. is a provider of highly-engineered lightweight components for use in powertrain and suspension applications for the global light, commercial and industrial vehicle markets. MPG produces these components and modules using complex metal-forming manufacturing technologies and processes for a global customer base of vehicle OEMs and Tier I suppliers. MPG has a global footprint spanning more than 60 locations in 13 countries across North America, South America, Europe and Asia with approximately 12,000 employees.

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Buyer(S) 1

Buyer

American Axle & Manufacturing

Detroit, Michigan, United States

website

Category Company
Founded 1994
Sector Automotive
Employees19,000
Revenue 5.8B USD (2022)
DESCRIPTION
Entrance to American Axle & Manufacturing's corporate headquarters in Detroit, Michigan.
Entrance to American Axle & Manufacturing's corporate headquarters in Detroit, Michigan.

American Axle & Manufacturing is a manufacturer of automobile driveline and drivetrain components and systems for commercial vehicle and industrial markets. American Axle & Manufacturing Holdings was incorporated in 1994 and is based in Detroit, Michigan.

DEAL STATS #
Overall 4 of 5
Sector (Automotive) 4 of 5
Type (Add-on Acquisition) 2 of 2
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-29 E-aam Driveline Systems Ab

Trollhättan, Sweden

E-aam Driveline Systems Ab,provides customers around the globe with innovative solutions for electric driveline systems including electric all-wheel-drive (eAWD), plug-in hybrids, and full electric vehicles.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-18 Grede

Southfield, Michigan, United States

Grede is a producer of engineered iron castings to the automotive, medium and heavy truck, and industrial markets. Grede supplies a broad variety of ductile, gray, and high silicon moly iron castings to a diverse customer base. The company’s products include safety-critical chassis, suspension, and drivetrain components for automotive applications, highly engineered engine and chassis components for heavy-duty truck engines, and large axle housings and other drive train components for heavy equipment and agriculture markets. Grede was founded in 1920 and is based in Southfield, Michigan.

Sell $245M
Mergr

Product

Company

Legal