M&A Deal Summary

Metaldyne Performance Group Acquires Grede

On August 4, 2014, Metaldyne Performance Group acquired automotive company Grede from Wayzata Investment Partners

Acquisition Highlights
  • This is Metaldyne Performance Group’s 3rd transaction in the Automotive sector.
  • This is Metaldyne Performance Group’s 3rd transaction in the United States.
  • This is Metaldyne Performance Group’s 2nd transaction in Michigan.
Investment Fate
  • Grede was divested to a consortium of buyers in 2019 for 245M USD.

M&A Deal Summary

Date 2014-08-04
Target Grede
Sector Automotive
Buyer(s) Metaldyne Performance Group
Sellers(s) Wayzata Investment Partners
Deal Type Merger

Target

Grede

Southfield, Michigan, United States
Grede is a producer of engineered iron castings to the automotive, medium and heavy truck, and industrial markets. Grede supplies a broad variety of ductile, gray, and high silicon moly iron castings to a diverse customer base. The company’s products include safety-critical chassis, suspension, and drivetrain components for automotive applications, highly engineered engine and chassis components for heavy-duty truck engines, and large axle housings and other drive train components for heavy equipment and agriculture markets. Grede was founded in 1920 and is based in Southfield, Michigan.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Metaldyne Performance Group

Plymouth, United States

Category Company
Founded 2010
Sector Automotive
Employees12,000
Revenue 2.7B USD (2014)
DESCRIPTION

Metaldyne Performance Group, Inc. is a provider of highly-engineered lightweight components for use in powertrain and suspension applications for the global light, commercial and industrial vehicle markets. MPG produces these components and modules using complex metal-forming manufacturing technologies and processes for a global customer base of vehicle OEMs and Tier I suppliers. MPG has a global footprint spanning more than 60 locations in 13 countries across North America, South America, Europe and Asia with approximately 12,000 employees.


DEAL STATS #
Overall 3 of 4
Sector: Automotive M&A 3 of 3
Type: Merger M&A Deals 3 of 3
State: Michigan M&A 2 of 2
Country: United States M&A 3 of 4
Year: 2014 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-04 Metaldyne

Plymouth, Michigan, United States

Metaldyne LLC is a designer and supplier of metal-formed components and assemblies for engine and transmission applications including engine connecting rods, transmission valve bodies, crankshaft dampers and pulleys, forged and finished differential gears and assemblies, and balance shaft modules.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-02 Brillion Iron Works

Brillion, Wisconsin, United States

Brillion Iron Works, Inc. is a provider of casting design and production of gray, ductile and austempered ductile iron products.

Buy -

Seller(S) 1

SELLER

Wayzata Investment Partners

Plymouth, Minnesota, United States

Investor


Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Wayzata Investment Partners is a private equity group focused on acquiring controlling interests in companies through distressed debt investing. The Firm targets companies valued between $100 million and $1 billion. Wayzata was formed in 2004 and is based in Wayzata, Minnesota.


DEAL STATS #
Overall 13 of 22
Sector: Automotive M&A 1 of 2
Type: Merger M&A Deals 1 of 1
State: Michigan M&A 1 of 3
Country: United States M&A 13 of 22
Year: 2014 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-30 The Star Tribune Media Company

Minneapolis, Minnesota, United States

The Star Tribune Media Company LLC is the information provider in the Minneapolis/St. Paul metropolitan area and includes the Star Tribune newspaper, StarTribune.com and other print and digital products and services. The Star Tribune is the largest daily and Sunday newspaper in the Twin Cities area with daily circulation in excess of 360,000 and Sunday circulation of approximately 600,000. The Star Tribune is the 10th largest Sunday paper and 14th largest daily paper in the United States.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-03 The Merisant Co.

Chicago, Illinois, United States

Merisant is one of the largest global players in the high-intensity tabletop sugar substitute market, managing 19 brands, including Equal and NutraSweet, sold in over 100 countries.

Sell -