Divestiture • Manufacturing

Bain Capital Private Equity Acquires Accuride

On January 1, 1986, private equity firm Bain Capital Private Equity acquired manufacturer Accuride from Firestone Tire and Rubber Company

Acquisition Context
  • This is Bain Capital Private Equity’s 1st transaction in the Manufacturing sector.
  • This is Bain Capital Private Equity’s 1st transaction in the United States.
  • This is Bain Capital Private Equity’s 1st transaction in Indiana.
Investment Fate
  • Accuride was sold to a publicly-traded strategic buyer in 1988 for 270M USD.
  • Accuride was divested to a consortium of buyers in 1997 for 480M USD.
  • Accuride went public in 2005.
  • Accuride was sold to a financial buyer in 2006.
  • Accuride was sold to a financial buyer in 2016.

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M&A Deal Summary

Date January 1, 1986
Target Accuride
Sector Manufacturing
Buyer(s) Bain Capital Private Equity
Sellers(s) Firestone Tire and Rubber Company
Deal Type Divestiture

Target Company

Accuride

Evansville, Indiana, United States
Accuride is a manufacturer and supplier of wheels and wheel-end components to the global commercial vehicle markets. The company’s products include steel and aluminum commercial vehicle wheels and wheel‐end components and assemblies; and steel wheels for the European automotive and global agricultural, construction, and industrial equipment markets. Accuride was founded in 1986 and is based in Evansville, Indiana.
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Buyer Overview 1

Buyer

Bain Capital Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 44.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bain Capital Private Equity (BCPE), is the private equity investment arm of alternative asset management firm, Bain Capital. BCPE targets leveraged buyout and growth capital transactions in a wide variety of industries including information technology, communications, media, healthcare, industrial/manufacturing, retail/consumer, and financial services. Bain Capital is based in Boston with additional offices in New York, London, Mumbai, Hong Kong, Shanghai, Tokyo, and Munich.


Deal Context for Buyer #
Overall 1 of 253
Sector: Manufacturing 1 of 7
Type: Divestiture 1 of 38
State: Indiana 1 of 2
Country: United States 1 of 131
Year: 1986 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1988-02-13 Accuride

Evansville, Indiana, United States

Accuride is a manufacturer and supplier of wheels and wheel-end components to the global commercial vehicle markets. The company’s products include steel and aluminum commercial vehicle wheels and wheel‐end components and assemblies; and steel wheels for the European automotive and global agricultural, construction, and industrial equipment markets. Accuride was founded in 1986 and is based in Evansville, Indiana.

Sell $270M

Seller Profile 1

SELLER

Firestone Tire and Rubber Company

Chicago, Illinois, United States

Category Company
Sector Automotive
DESCRIPTION

Firestone Tire and Rubber Company is a producer of tires.


Deal Context for Seller #
Overall 1 of 1
Sector: Manufacturing 1 of 1
Type: Divestiture 1 of 1
State: Indiana 1 of 1
Country: United States 1 of 1
Year: 1986 1 of 1