M&A Deal Summary

Patriarch Partners Acquires Dura

On December 14, 2009, private equity firm Patriarch Partners acquired automotive company Dura for 125M USD

Acquisition Highlights
  • This is Patriarch Partners’ 2nd transaction in the Automotive sector.
  • This is Patriarch Partners’ largest (disclosed) transaction.
  • This is Patriarch Partners’ 14th transaction in the United States.
  • This is Patriarch Partners’ 2nd transaction in Michigan.
Investment Fate
  • Dura was sold to a consortium of financial buyers in 2020.

M&A Deal Summary
Date 2009-12-14
Target Dura
Sector Automotive
Buyer(s) Patriarch Partners
Deal Type Recapitalization
Deal Value 125M USD

Target

Dura

Auburn Hills, Michigan, United States
website
Dura is a designer and manufacturer of driver control systems, seating control systems, glass systems, engineered assemblies, structural door modules and exterior trim systems for the global automotive industry. Dura was founded in 1990 and is based in Auburn Hills, Michigan.

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Buyer(S) 1

Buyer

Patriarch Partners

New York, New York, United States

Investor

website

Category Private Equity Firm
Founded 2000
Size Large
Type Sector Agnostic
DESCRIPTION

Patriarch Partners is an operationally focused private investment firm focused on acquiring and turning around troubled companies. The Firm will consider opportunities throughout the US and does not have any stated investment preferences. Patriarch Partners was established in 2000 and is headquartered in New York City.

DEAL STATS #
Overall 15 of 17
Sector (Automotive) 2 of 2
Type (Recapitalization) 1 of 1
State (Michigan) 2 of 2
Country (United States) 14 of 16
Year (2009) 6 of 6
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-14 Global Automotive Systems

Auburn Hills, Michigan, United States

Global Automotive Systems LLC (GAS) is a manufacturer of metal-formed automotive products. Core capabilities include stamping, roll forming and stretch bending as well as the manufacture of tubular products and welding assemblies. Headquartered in suburban Detroit, the Company was formed in 2005 to acquire certain assets of several bankrupt companies, resulting in a business with over 7 facilities and 900 employees.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-13 Gorham Paper and Tissue

Gorham, New Hampshire, United States

Gorham targets niche technical markets with a broad portfolio of custom-engineered products including high-quality Specialty Packaging, Converting, Engineered and Printing Papers, Tissue, and Towel.

Buy -
Mergr

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Company

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