M&A Deal Summary

Federal-Mogul Holdings Acquires Beck/Arnley Worldparts

On December 5, 2016, Federal-Mogul Holdings acquired distribution company Beck/Arnley Worldparts from Icahn Enterprises

Acquisition Highlights
  • This is Federal-Mogul Holdings’ 1st transaction in the Distribution sector.
  • This is Federal-Mogul Holdings’ 2nd transaction in the United States.
  • This is Federal-Mogul Holdings’ 1st transaction in Tennessee.

M&A Deal Summary

Date 2016-12-05
Target Beck/Arnley Worldparts
Sector Distribution
Buyer(s) Federal-Mogul Holdings
Sellers(s) Icahn Enterprises
Deal Type Divestiture

Target

Beck/Arnley Worldparts

Smyrna, Tennessee, United States
Beck/Arnley Worldparts, Inc. is a automotive parts distribution services.

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Buyer(S) 1

Buyer

Federal-Mogul Holdings

Southfield, Michigan, United States

Category Company
Founded 1899
Sector Automotive
Employees53,700
Revenue 7.4B USD (2015)
DESCRIPTION
Federal-Mogul Holdings' corporate headquarters in Southfield, Michigan.
Federal-Mogul Holdings' corporate headquarters in Southfield, Michigan.

Federal-Mogul Holdings Corp. is an innovative and diversified global supplier of quality products, trusted brands and creative solutions to manufacturers of automotive, light commercial, heavy-duty and off-highway vehicles, as well as in power generation, aerospace, marine, rail and industrial. Federal-Mogul Holdings Corp. was originally established in 1899 and is based in Southfield, Michigan.


DEAL STATS #
Overall 3 of 4
Sector (Distribution) 1 of 1
Type (Divestiture) 2 of 2
State (Tennessee) 1 of 1
Country (United States) 2 of 2
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-15 Friction Materials

Morristown, New Jersey, United States

Friction Materials LLC is a manufacturer and selelr of disc brake pads and shoes.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-16 Controlled Power Technologies

Basildon, United Kingdom

Controlled Power Technologies Ltd. is a developer of evolutionary CO2 reduction powertrain products based on switched reluctance motor technology. Controlled Power Technologies was founded in 2007 and is based in Basildon, United Kingdom.

Buy -

Seller(S) 1

SELLER

Icahn Enterprises

Sunny Isles Beach, New York, United States

Category Company
Founded 1987
Sector Diversified
Employees15,038
Revenue 11.8B USD (2023)
DESCRIPTION

Icahn Enterprises is a diversified holding company engaged in nine primary business segments: Investment, Automotive, Energy, Metals, Railcar, Gaming, Food Packaging, Real Estate and Home Fashion. Icahn Enterprises was founded in 1987 and is based in Sunny Isles Beach, Florida.


DEAL STATS #
Overall 1 of 3
Sector (Distribution) 1 of 1
Type (Divestiture) 1 of 3
State (Tennessee) 1 of 1
Country (United States) 1 of 3
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-06 Federal-Mogul Holdings

Southfield, Michigan, United States

Federal-Mogul Holdings Corp. is an innovative and diversified global supplier of quality products, trusted brands and creative solutions to manufacturers of automotive, light commercial, heavy-duty and off-highway vehicles, as well as in power generation, aerospace, marine, rail and industrial. Federal-Mogul Holdings Corp. was originally established in 1899 and is based in Southfield, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-02 Cottman Transmission Systems

Horsham, Pennsylvania, United States

Cottman Transmission Systems, Inc. is a franchiser of automotive transmission centers that repair, re manufacture and service transmissions and related components.

Buy -