M&A Deal Summary |
|
|---|---|
| Date | 2019-10-30 |
| Target | BorgWarner Morse TEC |
| Sector | Automotive |
| Buyer(s) | Enstar Group |
| Sellers(s) | BorgWarner |
| Deal Type | Divestiture |
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| Category | Company |
|---|---|
| Founded | 1993 |
| Sector | Insurance |
| Employees | 805 |
| Revenue | 864M USD (2021) |
Enstar Group is a insurance run-off services company that specializes in acquiring and managing reserves associated with discontinued books of property & casualty insurance and reinsurance business on a global basis. Enstar Group was founded in 2001 and is based in Hamilton, Bermuda.
| DEAL STATS | # |
|---|---|
| Overall | 15 of 15 |
| Sector (Automotive) | 2 of 2 |
| Type (Divestiture) | 9 of 9 |
| State (New York) | 2 of 2 |
| Country (United States) | 9 of 9 |
| Year (2019) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-08-31 |
Maiden Reinsurance North America
Laurel, New Jersey, United States Maiden Reinsurance North America, Inc. is a diversified insurance company that provides property and casualty treaty reinsurance, casualty facultative reinsurance, and accident and health treaty reinsurance. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-06-10 |
Core Specialty Insurance
Cincinnati, Ohio, United States Core Specialty Insurance offers a diversified range of property and casualty insurance products for small to midsized businesses. Core Specialty Insurance is based in Cincinnati, Ohio. |
Sell | - |
| Category | Company |
|---|---|
| Founded | 1987 |
| Sector | Automotive |
| Employees | 39,900 |
| Revenue | 14.2B USD (2023) |
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 | 7 of 8 |
| Sector (Automotive) | 5 of 6 |
| Type (Divestiture) | 6 of 7 |
| State (New York) | 1 of 1 |
| Country (United States) | 4 of 5 |
| Year (2019) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-04-03 |
Wahler
Esslingen, Germany Gustav Wahler GmbH u. Co. KG is a producer of exhaust gas recirculation (EGR) valves, EGR tubes and thermostats. With locations in Germany, Brazil, the U.S., China and Slovakia, Wahler employs approximately 1,250 people and supplies customers such as Daimler, Volkswagen, BMW, GM and John Deere. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-01-28 |
Delphi Technologies
London, United Kingdom Delphi Technologies PLC is a developer, designer, and manufacturer of vehicle propulsion systems and advanced aftermarket solutions. Delphi Technologies is based in London, United Kingdom. |
Buy | $3.3B |
