Auburn Hills, Michigan – TI Automotive, a provider of automotive fluid storage, carrying, and delivery systems for passenger cars and light trucks, has completed the acquisition of the company by affiliates of Bain Capital, a global private investment firm. Financial terms of the private transaction, which was previously announced on January 27, 2015, were not disclosed.
TI Automotive has its corporate offices in Auburn Hills, Michigan, and has facilities in 29 countries with highly diversified sales in every key market. 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.
“TI Automotive is extremely excited to usher in our next phase of growth in partnership with Bain Capital,” says Bill Kozyra, TI Automotive president, CEO and chairman of the board, who will continue in his current roles leading the existing management team. “We are looking forward to working with Bain Capital which has been a big supporter of TI Automotive. This is an exciting time for our company.”
“TI Automotive has achieved leading market positions across its product lines by having a disciplined focus on manufacturing high quality, performance critical fluid systems for global automotive OEMs,” says Todd Cook, a Managing Director at Bain Capital. “Bain Capital brings deep experience and a track record of success in the global automotive industry. We look forward to collaborating with Bill Kozyra and the management team to grow the business by enhancing the product portfolio and advancing the technology at an even faster pace.”
Source: TI Automotive