AURELIUS Private Equity Mid-Market Buyout announces the acquisition of Teijin Automotive Technologies North America (‘TAT-NA’). TAT-NA is one of the leaders in advanced composite technologies for the automotive, heavy truck, marine and recreational vehicle sectors, from Japanese ultimate parent company Teijin Limited.
This acquisition marks the first transaction advised by the AURELIUS Investment Advisory team in New York, just months after opening its office addressing the North American market.
Produces advanced composite components for automotive
Headquartered in Auburn Hills, Michigan, TAT-NA employs approximately 4,500 personnel and generates annual revenues exceeding USD 1 billion. With 14 locations across the US and Mexico, the business specializes in the development and production of advanced composite components for the global automotive and transportation industries. TAT-NA’s vertically integrated operating model and market-leading scale provides defensible assets and capabilities to sustain long-standing supply relationships with key OEMs in North America.
AURELIUS will support new growth opportunities for the standalone TAT-NA business, whose unique, durable lightweight composite product offering is powertrain agnostic and hence ideally positioned to meet long-term demand for Class A and structural vehicle components.
“Teijin Automotive Technologies North America has a long history of supplying key players across the North American automotive industry. We are particularly proud of this acquisition as it represents our first transaction advised out of our recently opened New York office. Among other areas, specialists in our Operations Advisory team will focus on delivering a range of value-creation initiatives across the network of manufacturing sites, while also driving operational excellence through enhanced quality and efficiency,” stated Stephan Mayerhausen, managing director at AURELIUS Investment Advisory and head of AURELIUS’ New York Office.
“We are excited about the opportunities ahead for us as we partner with the resources and support of the AURELIUS team,” said Chris Twining, CEO of TAT-NA. “The AURELIUS Operations Advisory team is dedicated to ensuring we maintain our market leadership, and I am looking forward to working with them as we continue to develop new material technologies while improving our operations, efficiency and quality.”
AURELIUS was advised by Greenhill, a Mizuho affiliate (M&A), Baker McKenzie (Legal), EY (Financial, Tax), AON (Insurance) and Ramboll (Environment).