Exclusive Financial advisor to Piston Group on its acquisition of Irvin Automotive Products
KPMG Corporate Finance LLC Advised Piston Group on its Acquisition of Irvin Automotive Products
About the engagement
KPMG Corporate Finance LLC (KPMG CF) acted as the exclusive financial advisor and placement agent to the Piston Group on the acquisition of Irvin Automotive Products (Irvin), creating one of the largest privately-owned automotive supplier groups in Michigan.
Headquartered in Pontiac, Michigan, Irvin is a leading manufacturer of interior trim and seating material. A wholly owned subsidiary of Takata, the company has annual sales of $500 million with facilities in Del Rio, Texas, Acuna, Mexico, and Sabinas, Mexico. Piston Group is expected to post record sales of more than $1.8 billion in 2016 with 8,300 employees at 15 facilities in the United States and Mexico. Other companies in the group include Piston Automotive, Detroit Thermal Systems and Airea, Inc.
KPMG CF’s deep industry knowledge of the automotive supplier business and our in depth knowledge of the credit markets and relationships with a wide array of capital providers were critical to completing the transaction.
Global coverage. Industry knowledge. Middle market focus.
The Corporate Finance practices of KPMG International’s network of independent member firms (KPMG) have been ranked collectively a leading global M&A advisor according to Thomson Reuters SDC’s 2015 global transaction volume league tables. KPMG firms operate in 155 countries with over 2,600 investment banking professionals who are able to meet the needs of clients across the globe.
KPMG Corporate Finance LLC
Recently named Investment Bank of the Year by The M&A Advisor, KPMG Corporate Finance LLC provides a broad range of investment banking and advisory services to its domestic and international clients. Our professionals have the experience and depth of knowledge to advise clients on global mergers and acquisitions, sales and divestitures, buyouts, financings, debt restructurings, equity recapitalizations, infrastructure project finance, capital advisory, real estate, portfolio solutions, fairness opinions, and other advisory needs.