M&A Deal Summary

Torque Capital Group Acquires Maval

On October 31, 2016, private equity firm Torque Capital Group acquired automotive company Maval from Remy International

Acquisition Highlights
  • This is Torque Capital Group’s 3rd transaction in the Automotive sector.
  • This is Torque Capital Group’s 5th transaction in the United States.
  • This is Torque Capital Group’s 1st transaction in Ohio.

M&A Deal Summary
Date 2016-10-31
Target Maval
Sector Automotive
Buyer(s) Torque Capital Group
Sellers(s) Remy International
Deal Type Divestiture

Target

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.

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Buyer(S) 1

Buyer

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 5 of 7
Sector (Automotive) 3 of 3
Type (Divestiture) 2 of 2
State (Ohio) 1 of 3
Country (United States) 5 of 7
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-03 BorgWarner - REMY Light Vehicle Aftermarket Business

Auburn Hill, Michigan, United States

BorgWarner's REMY Light Vehicle Aftermarket Business is a provider of automotive products and services.

Buy $80M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-31 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.

Sell -

Seller(S) 1

SELLER

Remy International

Pendleton, Indiana, United States
Category Company
Founded 1896
Sector Automotive
Employees6,605
DESCRIPTION

Remy International, Inc. is a manufacturer, remanufacturer, and distributor of alternators, starter motors, and electric traction motors for the automotive and commercial vehicle industry marketed under the Remy® and Delco Remy® brands.

DEAL STATS #
Overall 2 of 2
Sector (Automotive) 1 of 1
Type (Divestiture) 2 of 2
State (Ohio) 1 of 1
Country (United States) 2 of 2
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-04 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 -
Mergr

Product

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