| 6:06 PM EST

TI Automotive Completes Sale to Bain Capital



Facebook Share Icon LinkedIn Share Icon Twitter Share Icon Share by EMail icon Print Icon

TI Automotive Ltd. has completed its long-awaited sale to Bain Capital. Terms were not disclosed, but sources have told Bloomberg News the deal is worth about $2.4 billion.

The company is registered in the U.K., headquartered in Auburn Hills, Mich., and generates sales of about $3 billion per year supplying the auto industry with fuel tanks, fuel lines and other fluid management products. It estimates its products can be found in two-thirds of all vehicles on the road today.

TI Automotive has been in on-again, off-again talks with Bain for three years. TI Automotive previously was owned by a group of hedge funds led by Oaktree Capital Group LLC and Duquesne Capital Management LLC that acquired the company in 2007.

Bill Kozyra, the company's chairman, president and CEO, will continue in those roles and lead the company's existing management team.

Related Topics


  • 2016 Prius: The Fourth Generation

    The little car that could still can. And this time as a car that not only gets great fuel economy, but which has ride and handling that makes it more than an econo-box (and its styling is anything but boxy).

  • Truck vs. Truck; Steel vs. Aluminum

    According to Sandor Piszar, Chevrolet truck marketing director, “We engineer and build our trucks with customers’ expectations in mind.”

  • Suzuki Refines Hayabusa Engine

    When Suzuki developed the GSX1300R, it set out to build the fastest mass-production motorcycle on the market. As competitors gained ground and stringent emission regulations were set, Suzuki set out to reinvent the bike.