M&A Deal Summary

First Brands Acquires Horizon Global

On January 3, 2023, First Brands acquired automotive company Horizon Global

Acquisition Highlights
  • This is First Brands’ 4th transaction in the Automotive sector.
  • This is First Brands’ 4th transaction in the United States.
  • This is First Brands’ 1st transaction in Michigan.

M&A Deal Summary
Date 2023-01-03
Target Horizon Global
Sector Automotive
Buyer(s) First Brands
Deal Type Add-on Acquisition
Advisor(s) Jefferies (Financial)
Jones Day (Legal)

Target

Horizon Global

Plymouth, Michigan, United States
Horizon Global is a designer, manufacturer and distributor of a wide variety of high-quality, custom-engineered towing, trailering, cargo management and other related accessory products on a global basis, serving the automotive aftermarket, retail and OE channels. Horizon Global was founded in 2015 is based in Plymouth, Michigan.

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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 4 of 6
Sector (Automotive) 4 of 6
Type (Add-on Acquisition) 4 of 6
State (Michigan) 1 of 1
Country (United States) 4 of 6
Year (2023) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-17 PetroClear

Albion, Illinois, United States

PetroClear provides fuel-dispenser filters and filtration accessories for dispensing petroleum, ethanol, methanol and biodiesel blends at retail and commercial fuel sites. The PetroClear line of filters includes high-flow, extended life, phase separation and more. PetroClear is based in Albion, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-01 CARDONE Industries

Philadelphia, Pennsylvania, United States

CARDONE Industries is a manufacturer and supplier of automotive replacement parts such as brakes, fuel systems, motors and pumps for cars and trucks. CARDONE Industries was established in 1970 and is based in Philadelphia, Pennsylvania.

Buy -
Mergr

Product

Company

Legal