Bain Capital to Acquire TI Automotive
Manufacturing engineer Edgar Remes demonstrates lock ring closing of a fuel tank assembly module.
TI Automotive, a leading provider of fluid storage, carrying and delivery systems to automotive manufacturers, has announced that it has entered into a definitive agreement to be acquired by Bain Capital, a leading global private investment firm.
The existing management team will continue to lead the company.
Financial terms of the private transaction were not disclosed.
Headquartered in Auburn Hills, Michigan and with facilities in 29 countries in all key markets, TI Automotive is a highly diversified automotive supplier with leading market positions across its product lines.
TI Automotive has a broad yet exclusive focus on vehicle fluid management, and major global product areas include Fluid Carrying Systems, Tank Systems, Pump and Module Systems, HVAC Fluid Systems, and Powertrain Components.
Category: Capital Markets
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