The Carlyle Group sells Metaldyne to American Securities

January 2, 2013

January 2, 2013

Global alternative asset manager The Carlyle Group announced on December 19 2012 that it had completed the sale of Metaldyne, LLC, a global manufacturer of highly engineered metal-based components for light vehicle engine, transmission and driveline systems, to an affiliate of American Securities LLC. Financial terms of the transaction were not disclosed.

Carlyle Strategic Partners II, a $1.35 billion distressed investment fund, led a group of creditors in the purchase of Metaldyne in October 2009, and partnered with Metaldyne’s management on the company’s successful recovery. Since Carlyle’s acquisition, Metaldyne has grown revenue by approximately 70% and employment by approximately 30%.

Michael Stewart, Carlyle Managing Director and Co-Head of Carlyle Strategic Partners, said, “We teamed with Metaldyne at the height of the Great Recession and the North American automotive industry crisis, believing we could grow the company. Carlyle led the infusion of cash to stabilize Metaldyne’s financial situation and allow a great business to emerge from underneath an unsustainable balance sheet. With a deep management team and a committed workforce able to focus on its business, the new Metaldyne is positioned for continued growth and success as a global automotive manufacturing supplier.”

Shary Moalemzadeh, Carlyle Managing Director said, “Metaldyne has been a highly successful investment for our fund investors. We exceeded our investment goals for Metaldyne, and we are gratified that the company is well positioned for the future. Metaldyne’s talented management team and employees should be proud of our collective accomplishments.”

Metaldyne leverages its design, engineering and advanced manufacturing capabilities with its core metallurgy and noise-vibration-harshness technology to provide products and sub assemblies with improved performance and value to its customers. The company, headquartered in Plymouth, Michigan, has more than $1 billion in revenue and serves its global customers with 4,000 employees at 25 facilities in 13 countries throughout North America, Europe, Latin America and Asia.

About Metaldyne

Metaldyne LLC is a leading global manufacturer of highly engineered metal-based components for automotive and light vehicle engine, transmission and driveline applications. Products include powder metal engine connecting rods, engine bearing caps, engine cylinder oil jets, transmission sub assemblies, forged differential gears and pinions, differential assemblies, engine balance shaft modules, transmission shafts, and engine crankshaft dampers. More information about Metaldyne can be found at

Posted by: Paul Whittaker, Editor, [email protected]   

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January 2, 2013

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