M&A Deal Summary |
|
|---|---|
| Date | 2024-02-29 |
| Target | Carlstar Group |
| Sector | Automotive |
| Buyer(s) | Titan International |
| Sellers(s) | American Industrial Partners |
| Deal Type | Add-on Acquisition |
| Deal Value | 296M USD |
| Advisor(s) | UBS Investment Bank (Financial) Sidley Baker Botts (Legal) |
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| Category | Company |
|---|---|
| Founded | 1890 |
| Sector | Automotive |
| Employees | 6,900 |
| Revenue | 1.8B USD (2023) |
Titan International is a manufacturer of off-highway tires. Titan manufactures two distinct brands,Titan and Goodyear Farm Tires, known for their quality craftmanship, unique tread designs and excellent durability. Titan International was founded in 1890 and is based in West Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 4 |
| Sector (Automotive) | 2 of 2 |
| Type (Add-on Acquisition) | 2 of 2 |
| State (Tennessee) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2024) | 1 of 1 |
| Size (of disclosed) | 1 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-03-29 |
Titan International - Australian wheel business
High Wycombe, Australia Titan International's Australian wheel business manufactures wheels for the agricultural, construction, and mining industry. Titan International's Australian wheel business is based in High Wycombe, Australia. |
Sell | AU$23M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1989 |
| PE ASSETS | 10.0B USD |
| Size | Mega |
| Type | Sector Focused |
American Industrial Partners is a private equity firm focused on investments in North American manufacturing or industrial service companies. For platform acquisitions, the Firm seeks businesses with at least $500 million of revenue and the Firm will consider transactions valued up to $2 billion. Operating characteristics of prospective businesses include historical record of strong free cash flows, opportunities to drive value through operating enhancements, and sustainable competitive advantages. American Industrial Partners will consider a variety of transaction types including leveraged buyouts, structured equity investments, bridge financings, senior debt, carve-outs, take privates, turnarounds, and rescue financings. American Industrial Partners was formed in 1989 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 24 of 25 |
| Sector (Automotive) | 7 of 7 |
| Type (Add-on Acquisition) | 6 of 7 |
| State (Tennessee) | 1 of 1 |
| Country (United States) | 22 of 22 |
| Year (2024) | 1 of 2 |
| Size (of disclosed) | 4 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-01-03 |
Boart Longyear
Salt Lake City, Utah, United States Boart Longyear is a provider of drilling services, orebody-knowledge technology, and innovative, safe and productivity-driven drilling equipment. The Company’s primary focus is on mining and exploration activities spanning commodities including copper, gold, nickel, zinc, uranium, and other minerals. Boart Longyear was established in 1890 and is based in Salt Lake City, Utah. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-07-01 |
Austin Powder
Cleveland, Ohio, United States Austin Powder offers manufacturing, distributing, and application of industrial explosives for quarrying, surface mining, underground mining, oil and gas, seismic, and construction markets. The company provides a broad range of highly engineered solutions all of which are developed to advance the safety, reliability, and efficiency of breaking rock. Austin Powder was formed in 1833 and is based in Cleveland, Ohio. |
Buy | - |
