M&A Deal Summary

Gamut Capital Management Acquires American Axle & Manufacturing -U.S. Iron Casting Operations

On September 18, 2019, private equity firm Gamut Capital Management acquired automotive company American Axle & Manufacturing -U.S. Iron Casting Operations from American Axle & Manufacturing for 245M USD

Acquisition Highlights
  • This is Gamut Capital Management’s 2nd transaction in the Automotive sector.
  • This is Gamut Capital Management’s largest (disclosed) transaction.
  • This is Gamut Capital Management’s 2nd transaction in the United States.
  • This is Gamut Capital Management’s 1st transaction in Michigan.

M&A Deal Summary

Date 2019-09-18
Target American Axle & Manufacturing -U.S. Iron Casting Operations
Sector Automotive
Buyer(s) Gamut Capital Management
Sellers(s) American Axle & Manufacturing
Deal Type Divestiture
Deal Value 245M USD

Target

American Axle & Manufacturing -U.S. Iron Casting Operations

Detroit, Michigan, United States
American Axle & Manufacturing, Inc.'s U.S. Iron Casting Operations develops, manufactures, assembles and supplies ductile, gray, and specialty iron castings and machined components for automotive, commercial vehicle and industrial markets.

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Buyer(S) 1

Buyer
DESCRIPTION

Gamut Capital Management is a private equity group focused on investing $50 to $150 million in middle market US-based companies. Target sectors include agriculture, chemicals, telecom, industrials, mining, power, distribution, technology, energy and transportation. Gamut’s flexible investment strategy incorporates leveraged buy-outs, corporate carve-outs, strategic partnerships, and distressed-for-control situations. Gamut Capital Management was formed in 2015 and is based in New York City.


DEAL STATS #
Overall 3 of 5
Sector (Automotive) 2 of 2
Type (Divestiture) 1 of 1
State (Michigan) 1 of 1
Country (United States) 2 of 4
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-06 International Automotive Components Group S.A.

Luxembourg, Luxembourg

International Automotive Components Group S.A. is a provider of automotive components and systems, including instrument panels, console systems, door panels, headliners and overhead systems to automakers around the world.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-09 Davis-Standard

Pawcatuck, Connecticut, United States

Davis-Standard designs develop and manufacture extrusion systems and process controls for the flexible web converting, plastics processing, and rubber industries. Davis-Standard manufactures extrusion equipment for the blown film, blow molding, cast film, extrusion coating and laminating, and other applications. Davis-Standard was founded in 1848 and is based in Pawcatuck, Connecticut.

Buy -

Seller(S) 1

SELLER

American Axle & Manufacturing

Detroit, Michigan, United States

website


Category Company
Founded 1994
Sector Automotive
Employees19,000
Revenue 5.8B USD (2022)
DESCRIPTION
Entrance to American Axle & Manufacturing's corporate headquarters in Detroit, Michigan.
Entrance to American Axle & Manufacturing's corporate headquarters in Detroit, Michigan.

American Axle & Manufacturing is a manufacturer of automobile driveline and drivetrain components and systems for commercial vehicle and industrial markets. American Axle & Manufacturing Holdings was incorporated in 1994 and is based in Detroit, Michigan.


DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-03 Metaldyne Performance Group

Plymouth, United States

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.

Buy $3.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-11 Tekfor

Hausach, Germany

Tekfor engages in the development and production of pioneering solutions for transmissions, engines, drivelines, special applications, and safety fasteners. Tekfor Holding GmbH has nine manufacturing facilities across Germany, the US, Brazil, Mexico, and Italy. Tekfor is based in Hausach, Germany.

Buy €125M