M&A Deal Summary

Autokiniton Acquires Tower International

On July 12, 2019, Autokiniton acquired automotive company Tower International for 900M USD

Acquisition Highlights
  • This is Autokiniton’s 2nd transaction in the Automotive sector.
  • This is Autokiniton’s largest (disclosed) transaction.
  • This is Autokiniton’s 2nd transaction in the United States.
  • This is Autokiniton’s 2nd transaction in Michigan.

M&A Deal Summary
Date 2019-07-12
Target Tower International
Sector Automotive
Buyer(s) Autokiniton
Deal Type Add-on Acquisition
Deal Value 900M USD
Advisor(s) J.P. Morgan Securities
Houlihan Lokey (Financial)
Lowenstein Sandler (Legal)

Target

Tower International

Livonia, Michigan, United States
Tower International, Inc. is an independent supplier of automotive metal structural components and assemblies. Tower serves virtually every major automotive vehicle manufacturer, providing a broad range of metal structures from stampings to complex body and frame assemblies. Tower International, Inc. was founded in 1993 and is based in Livonia, Michigan.

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Buyer(S) 1

Buyer

Autokiniton

New Boston, Michigan, United States
Category Company
Founded 2018
Sector Automotive
DESCRIPTION

Autokiniton is a North American supplier of propulsion-agnostic, structural automotive components and assemblies. Its vertical integration capabilities allow it to offer its customers end-to-end engineering, manufacturing, and in-house logistics.

DEAL STATS #
Overall 2 of 2
Sector (Automotive) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Michigan) 2 of 2
Country (United States) 2 of 2
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-01 L&W Engineering

New Boston, Michigan, United States

L&W Engineering, Inc. is a Tier 1 supplier in the automotive industry, specializing in metal stamping, welded assemblies, and hot stampings. L&W was formed in 1973, and has since grown into a dynamic and sophisticated company all while maintaining consistent ownership. The company is headquartered in New Boston, Michigan, but has locations in Michigan, Ohio and Tennessee.

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