M&A Deal Summary

Atlas Holdings Acquires US Farathane

On April 25, 2023, private equity firm Atlas Holdings acquired automotive company US Farathane from The Gores Group

Acquisition Highlights
  • This is Atlas Holdings’ 3rd transaction in the Automotive sector.
  • This is Atlas Holdings’ 29th transaction in the United States.
  • This is Atlas Holdings’ 5th transaction in Michigan.

M&A Deal Summary

Date 2023-04-25
Target US Farathane
Sector Automotive
Buyer(s) Atlas Holdings
Sellers(s) The Gores Group
Deal Type Secondary Buyout
Advisor(s) Goldman Sachs (Financial)

Target

US Farathane

Auburn Hills, Michigan, United States
US Farathane is a manufacturer and supplier of functional black plastic, interior, and exterior plastic components intended to innovate and pair with solid value. The company's manufacturing division designs highly engineered plastic injection-molded components in a variety of sizes and shapes and supply both functional and decorative parts to companies in the Automotive industry. US Farathane was founded in 1971 and is based in Auburn Hills, Michigan.

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Buyer(S) 1

Buyer

Atlas Holdings

Greenwich, Connecticut, United States

Category Private Equity Firm
Founded 2002
Size Large
Type Sector Agnostic
DESCRIPTION

Atlas Holdings is a private equity and investment holding firm focused on acquiring controlling interests in businesses operating in traditional, basic industries. Areas of interest include automotive, business services, industrial services, building materials, pulp and paper, distribution, energy, packaging, specialty steel and wood products. The Firm will participate in bankruptcy investments, highly structured equity and debt investments, leveraged ESOP acquisitions, out-of-court restructurings, and roll-ups. Atlas typically partners with private and institutional investors and structures one investment at a time. Atlas Holdings was established in 2002 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 34 of 40
Sector: Automotive M&A 3 of 4
Type: Secondary Buyout M&A Deals 5 of 5
State: Michigan M&A 5 of 6
Country: United States M&A 29 of 32
Year: 2023 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-17 Aludium

Alicante, Spain

Aludium consists of the former Alcoa mills located in Castelsarrasin (France), Amorebieta and Alicante (Spain), and the state-of-the-art Cindal research and development facility in Alicante. Aludium produces engineered, high-quality products for a broad array of sectors including building and construction, brights and decoration, closures and cosmetics.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-26 Thunder Bay Pulp & Paper

Thunder Bay, Ontario, Canada

Thunder Bay Pulp and Paper is a northern bleached softwood kraft and northern bleached hardwood kraft pulp, paper, newsprint and directory producer. Thunder Bay Pulp and Paper is based in Thunder Bay, Ontario.

Buy -

Seller(S) 1

SELLER

The Gores Group

Beverly Hills, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION
The Gores Group's headquarters in Beverly Hills, California.
The Gores Group's headquarters in Beverly Hills, California.

The Gores Group is a private equity firm focused on acquiring controlling interests in mature and growing businesses. Gores considers investments across Europe and North America and typically seeks non-core assets of public corporations. While Gores is a generalist investor, the firm has a particular interest in technology, telecommunications, business services, and industrial companies. The Gores Group was formed in 1987 and has offices in Beverly Hills, California, and Boulder, Colorado.


DEAL STATS #
Overall 66 of 67
Sector: Automotive M&A 3 of 3
Type: Secondary Buyout M&A Deals 14 of 15
State: Michigan M&A 2 of 2
Country: United States M&A 52 of 53
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-22 Cosmo

Cosmopolis, Washington, United States

Cosmo is a manufacturer of paper and related packaging products. The Company is engaged in producing paper from dissolving grade wood pulp. It also provides other paper packaging products. Cosmo was founded in 2010 and is based in Cosmopolis, Washington.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-24 TurbineAero

Chandler, Arizona, United States

TurbineAero is a manufacturer of industrial parts and components. The company specializes in the design and production of aerospace and hot-section components. It also offers maintenance, repair and overhaul services to military, commercial, original equipment manufacturers and aircraft operators. TurbineAero was founded in 1977 and is based in Chandler, Arizona.

Sell -