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’ 2nd transaction in the Automotive sector.
  • This is Atlas Holdings’ 28th 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.

Search 201,157 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 32 of 35
Sector (Automotive) 2 of 2
Type (Secondary Buyout) 5 of 5
State (Michigan) 5 of 5
Country (United States) 28 of 29
Year (2023) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-14 International Wire Group

Camden, New York, United States

International Wire Group is a designer and manufacturer of highly-engineered copper-based wire products. IWG’s products are utilized in end markets such as industrial and energy, electronics and data communications, automotive and specialty vehicles, aerospace and defense, medical products and consumer and appliance industries. International Wire Group was formed in 1995 and is based in Camden, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-05 Herff Jones

Indianapolis, Indiana, United States

Herff Jones manufactures and markets recognition, awards, and championship products. It offers graduation products, including announcements, college class rings, links and resources, diplomas, diploma frames, and college products, as well as caps, gowns, and accessories; and class rings and jewelry products, such as college class rings, championship rings, prestigious awards, sports fan jewelry, nursing pins, recognition pins, lamps, and accessory jewelry.

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 65 of 66
Sector (Automotive) 3 of 3
Type (Secondary Buyout) 14 of 15
State (Michigan) 2 of 2
Country (United States) 51 of 52
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-14 AMI

Bristol, Pennsylvania, United States

AMI is a developer, manufacturer, and marketer of touchscreen countertop entertainment systems and software. The company’s proprietary touchscreen systems contain a “jukebox” of interactive games centered on trivia, strategy, cards, and sports/action categories. AMI was founded in 1977 and is based in Bristol, Pennsylvania.

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 -
Mergr

Product

Company

Legal