Tenneco - M&A Summary, Ownership, and Business Overview

AutomotiveCompany

Tenneco M&A Summary

Tenneco has acquired 6 companies of its own. It has also divested 3 assets.

Tenneco’s largest acquisition to date was in 2018, when it acquired Federal-Mogul Holdings for $800M. Tenneco has acquired in 4 different US states, and 3 countries. The Company’s most targeted sectors include automotive (84%) and machinery (17%).

Tenneco Ownership

Who owns Tenneco?

Tenneco is owned by Apollo Global Management. It was acquired on February 23, 2022.

Is Tenneco PE-backed?

Yes. Tenneco is owned by private equity investor Apollo Global Management.

Tenneco Business Overview

Where is Tenneco headquartered?

Tenneco is headquartered in Lake Forest, Illinois.

What is Tenneco’s revenue?

Tenneco disclosed revenue of 15,379M USD for 2020 and 17,450M USD for 2019.

How many employees does Tenneco have?

Tenneco has 73,000 employees.

What sector is Tenneco in?

Tenneco is an automotive company.

When was Tenneco founded?

Tenneco was founded in 1996.

M&A Summary

  • M&A Total Activity9
    • M&A Buy Activity6
    • M&A Sell Activity3
  • Total Sectors Invested 2
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 5
  • M&A Advisors 4

Tenneco

Tenneco, Inc.

500 North Field Drive,
Lake Forest, Illinois 60045
United States,
(847) 482-5000
www.tenneco.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 6 - - - - - 6
vol $1.1B $1.1B
Sell (0.4/yr) # 1 1 - - - 1 3
  9

Most Recent M&A

Company Date Value Type
Öhlins Racing A.B. 2024-10-11 - Divestiture
Upplands Vasby, Sweden · www.ohlins.com
Tenneco, Inc. - Global Aftermarket Filters Business 2020-11-02 - Divestiture
Lake Forest, Illinois
Öhlins Racing A.B. 2018-11-15 - Add-on Acquisition
Upplands Vasby, Sweden · www.ohlins.com
Federal-Mogul Holdings Corp. 2018-10-01 800M USD Divestiture
Southfield, Michigan · www.federalmogul.com
Gruppo Marzocchi S.p.A - Suspension Business 2008-09-01 15M USD Divestiture
Zola Predosa, Italy
Combustion Components Associates - Mobile Emissions Business 2007-08-20 16M USD Divestiture
, United States
Gabilan Manufacturing, Inc. 2005-02-02 10M USD Add-on Acquisition
Salinas, California
Pactiv LLC 1999-11-04 - Spin Off
Lake Forest, Illinois · www.pactiv.com
The Pullman Company 1996-06-18 300M USD Add-on Acquisition
Princeton, New Jersey
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Automotive 5 (83%) 1.1B (99%) 2 (67%) -
Machinery 1 (17%) 16M (1%) - -
Packaging - - 1 (33%) -
Total 6 $1.1B 3 -

By Geo

State/Country Buy Value Sell Value
United States 4 1.1B 2 -
  Illinois - - 2 -
  New Jersey 1 300M - -
  Michigan 1 800M - -
  California 1 10M - -
Sweden 1 - 1 -
Italy 1 15M - -
Domestic 4 (67%) 1.1B (99%) 2 (67%) -
Cross-border 2 (33%) 15M (1%) 1 (33%) -
Total 6 $1.1B 3 -

Top M&A Advisors

Financial Deals
Barclays Investment Bank
1
Jefferies
1
Lazard Ltd.
1
Legal Deals
Sidley
1

Deal Values

buy # Total
$100M to $1B 2 $1.1B
< $100M 3 $41M
TOTAL $1.1B
Largest Federal-Mogul Holdings Corp.
$800M (2018-10-01)

M&A Connections

Deals
Acquired from
Strategic(s)
50%
3 (50%)
Divested to
Strategic(s)
67%
2 (67%)

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