M&A Deal Summary

First Brands Acquires Brake Parts

On July 31, 2020, First Brands acquired automotive company Brake Parts from Torque Capital Group

Acquisition Highlights
  • This is First Brands’ 1st transaction in the Automotive sector.
  • This is First Brands’ 1st transaction in the United States.
  • This is First Brands’ 1st transaction in Illinois.

M&A Deal Summary
Date 2020-07-31
Target Brake Parts
Sector Automotive
Buyer(s) First Brands
Sellers(s) Torque Capital Group
Deal Type Add-on Acquisition

Target

Brake Parts

McHenry, Illinois, United States
Brake Parts (BPI) is a global brake system products manufacturer and supplier to the transportation industry. The BPI brake product offering includes brake pads, shoes, rotors, drums, calipers, hydraulic parts and wheel hubs. The Raybestos brand of brakes has over a 100 year heritage and are used by premier NASCAR motorsports teams such as Joe Gibbs Racing and Roush Fenway Racing. Brake Parts was founded in 1988 and is based in McHenry, Illinois.

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Buyer(S) 1

Buyer

First Brands

Rochester, Michigan, United States
Category Company
Sector Automotive
DESCRIPTION

First Brands is a global automotive parts company that develops, markets, and sells premium products through a portfolio of market-leading brands including: Raybestos complete brake solutions, Centric Parts replacement brake components, FRAM filtration products, Luber-finer® filtration products, TRICO wiper blades, ANCO wiper blades, Carter fuel and water pumps, Autolite spark plugs, StrongArm lift supports, and StopTech performance brakes. First Brands is based in Rochester, Michigan.

DEAL STATS #
Overall 1 of 6
Sector (Automotive) 1 of 6
Type (Add-on Acquisition) 1 of 6
State (Illinois) 1 of 2
Country (United States) 1 of 6
Year (2020) 1 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-02 Centric Parts

City of Industry, California, United States

Centric Parts is a manufacturer and supplier of replacement brake components for passenger vehicles, light and medium duty trucks, fleet vehicles, high performance vehicles, and race cars. Centric Parts is based in City of Industry, California.

Buy -

Seller(S) 1

SELLER

Torque Capital Group

New York, New York, United States
Category Private Equity Firm
Founded 2011
Size Small
Type Sector Agnostic
DESCRIPTION

Torque Capital Group LLC is a specialist private equity firm that seeks small to mid-sized manufacturing companies throughout the US. The Firm looks to invest in companies generating revenues up to $500 million and EBITDA of less than $35 million. Specific areas of interest include automotive, building products, aerospace/defense and consumer/retail. Torque Capital Group LLC was founded in 2011 and is based in New York City.

DEAL STATS #
Overall 1 of 2
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Illinois) 1 of 1
Country (United States) 1 of 2
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-31 Maval

Twinsburg, Ohio, United States

Maval is a manufacturer, remanufacturer, and distributor of steering systems, components, and specialty products to the automotive service, original equipment power sports, and off-road specialty vehicle markets. Maval was founded in 1987 and is based in Twinsburg, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-28 Cablecraft

N.W. Bolivar, Ohio, United States

Cablecraft is a manufacturer of high-performance motion control products delivering reliable control cables (push and push-pull), rod ends, ball joints, linkages and remote actuation products to market leaders in the power sports, light vehicle, heavy truck, power sports, aerospace, construction, and agriculture industries. Cablecraft was founded in 1949 and is based in N.W. Bolivar, Ohio.

Buy -
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