M&A Deal Summary |
|
|---|---|
| Date | 2016-10-03 |
| Target | BorgWarner - REMY Light Vehicle Aftermarket Business |
| Sector | Automotive |
| Buyer(s) | Torque Capital Group |
| Sellers(s) | BorgWarner |
| Deal Type | Divestiture |
| Deal Value | 80M USD |
SEARCH BY
Try For Free 7-Day Free Trial
| Category | Private Equity Firm |
|---|---|
| Founded | 2011 |
| Size | Small |
| Type | Sector Agnostic |
Torque Capital Group LLC is a specialist private equity firm that seeks small to mid-sized manufacturing companies throughout the US. The Firm looks to invest in companies generating revenues up to $500 million and EBITDA of less than $30 million. Specific areas of interest include automotive, building products, aerospace/defense and consumer/retail. Torque Capital Group LLC was founded in 2011 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 7 |
| Sector (Automotive) | 2 of 3 |
| Type (Divestiture) | 1 of 2 |
| State (Michigan) | 1 of 1 |
| Country (United States) | 4 of 7 |
| Year (2016) | 1 of 2 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-03-01 |
Brake Parts
McHenry, Illinois, United States Brake Parts (BPI) is a global brake system products manufacturer and supplier to the transportation industry. The BPI brake product offering includes brake pads, shoes, rotors, drums, calipers, hydraulic parts and wheel hubs. The Raybestos brand of brakes has over a 100 year heritage and are used by premier NASCAR motorsports teams such as Joe Gibbs Racing and Roush Fenway Racing. Brake Parts was founded in 1988 and is based in McHenry, Illinois. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-10-31 |
Maval
Twinsburg, Ohio, United States Maval is a manufacturer, remanufacturer, and distributor of steering systems, components, and specialty products to the automotive service, original equipment power sports, and off-road specialty vehicle markets. Maval was founded in 1987 and is based in Twinsburg, Ohio. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1987 |
| Sector | Automotive |
| Employees | 52,700 |
| Revenue | 15.8B USD (2022) |
BorgWarner is a global supplier of highly engineered automotive systems and components primarily for powertrain applications. The Company's products help improve vehicle performance, fuel efficiency, stability and air quality. These products are manufactured and sold worldwide, primarily to original equipment manufacturers of light vehicles, vans and light trucks. The Company's products are also sold to other OEMs of commercial vehicles and off-highway vehicles. BorgWarner also manufactures and sells its products to certain Tier One vehicle systems suppliers and into the aftermarket for light, commercial and off-highway vehicles. The Company operates manufacturing facilities serving customers in the Americas, Europe and Asia and is an original equipment supplier to every major automotive OEM in the world. BorgWarner was founded in 1987 and is based in Auburn Hills, Michigan.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 8 |
| Sector (Automotive) | 3 of 6 |
| Type (Divestiture) | 4 of 7 |
| State (Michigan) | 2 of 2 |
| Country (United States) | 3 of 5 |
| Year (2016) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-07-13 |
Remy International
Pendleton, Indiana, United States Remy International, Inc. is a manufacturer, remanufacturer, and distributor of alternators, starter motors, and electric traction motors for the automotive and commercial vehicle industry marketed under the Remy® and Delco Remy® brands. |
Buy | $1.2B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-07-17 |
Sevcon
Tyne and Wear, United Kingdom Sevcon, Inc. is a provider of control and power solutions for zero-emission, electric and hybrid vehicles. Its products control on- and off-road vehicle speed and movement, integrate specialized functions, optimize energy consumption and help reduce air pollution. Sevcon's Bassi Division produces battery chargers for electric vehicles; power management and uninterrupted power source systems for industrial, medical and telecom applications; and electronic instrumentation for battery laboratories. The company supplies customers from its operations in the U.S., U.K., France, Germany, Italy, China and the Asia Pacific region, as well as through an international dealer network. |
Buy | $200M |
