Bain Capital To Buy TI Automotive - Engine Builder Magazine

Bain Capital To Buy TI Automotive

TI Automotive, a provider of fluid storage, carrying and delivery systems to automotive manufacturers, has entered into a definitive agreement to be acquired by Bain Capital. The existing management team will continue to lead the company.

TI Automotive, a provider of fluid storage, carrying and delivery systems to automotive manufacturers, has entered into a definitive agreement to be acquired by Bain Capital. The existing management team will continue to lead the company. Financial terms of the private transaction were not disclosed.
Headquartered in Auburn Hills, Mich., and with facilities in 29 countries, TI Automotive has a broad focus on vehicle fluid management. Major global product areas include fluid carrying systems, tank systems, pump and module systems, HVAC fluid systems and powertrain components.”We are excited that Bain Capital will invest in TI Automotive to grow the business and to enable our team to focus solely on what we do best – manufacturing high-quality, safety-critical fluid systems for our customers,” said Bill Kozyra, TI Automotive president, CEO and chairman of the board, who will continue in his current roles. “Bain Capital brings to TI Automotive a deep understanding of our business and a well-known track record of global success in the automotive industry, and we look forward to partnering with them.”

“TI Automotive is a market-leading company that serves its customers’ needs extraordinarily well, through a combination of innovative engineering, extensive experience and a very strong commitment to quality,” said Todd Cook, a managing director at Bain Capital. “We look forward to partnering with Bill and the TI management team to support them in their next phase of growth.”

The transaction has committed financing in place and is not subject to a financing condition. The deal is subject to approval from TI Automotive shareholders, a substantial majority of whom have pledged to support the deal. Closing is expected in mid-2015, pending regulatory review and other customary closing conditions.

You May Also Like

Liqui Moly Sponsors World’s Largest Porsche 356 Gathering

Promoted annually with the seal of Porsche AG and the Official Porsche Club, the International Porsche 356 Meeting takes place on a rotating basis in several countries.

The International Porsche 356 Meeting takes place in Portugal and brings together the owners of the first Porsche model to be produced and an exceptional guest. This weekend, Liqui Moly will be one of the visible partners of the caravan accompanying the International Porsche 356 Meeting – the largest meeting of owners of the historic model of the German dream factory.

Sick Week Wins USA Today’s Readers’ Choice for Best Motorsports Race

The week-long event held throughout Florida, plays host to over 350 street cars.

NHRA Names New South Central Division Director

Johnson will oversee NHRA member tracks in Texas, Oklahoma, New Mexico, Louisiana, Arkansas and Mississippi.

McLaren Racing’s Zak Brown to Receive IMRRC’s Cameron R. Argetsinger Award

Zak Brown, CEO of McLaren Racing, will receive the 10th annual IMRRC Cameron R. Argetsinger Award at a gala presented by Sahlen’s, NASCAR, Watkins Glen International and IMSA, on Thursday, September 12, 2024. The dinner and presentation will be held prior to the running of the NASCAR Go Bowling at The Glen event, September 11-15,

Schaeffler to Support Automotive Transmission Service Group Education

Schaeffler to provide ATSG members with ongoing education and technical resources.

Other Posts

SEMA Announces 2024 Hall of Fame Inductees

SEMA’s newest Hall of Fame members are Chris Kersting, Jack Priegel, Les Rudd, and Jon Wyly.

Schaeffler Recognized as General Motors 2023 Top Global Supplier

Schaeffler was presented its Top Supplier Award during the recent General Motors Supplier of the Year Event in Miami.

Pikes Peak Poster Art Contest Winner

The winning design was submitted by Rachel Aweida, a Colorado native who works in marketing for a commercial real estate firm.

American Powertrain Adds GearStar Automatic Transmissions

American Powertrain has now added GearStar automatic transmissions for Ford, Chevy and Mopar to its product lineup.