Michigan-based car parts maker wants to emerge from Chapter 11 without being subjected to Securities and Exchange Commission rules. Search job titles. Automobile. Read the article from Crain’s Detroit Business that highlights: DURA’s new CEO Kimberly Rodriguez and her plans to expand and repair the company’s reach and reputation. The facility will produce battery trays for electric vehicles. 27 August 2020. DURA Automotive Systems has acquired 1 company of its own. In 2020, DURA launched its latest lightweight structural systems plant in the Czech Republic. Dura Automotive Wants To Remain Private. Dura supplies leading automotive OEMs and Tier one partners worldwide, with a presence on more than 300 platforms across all light vehicle and powertrain types. DURA Automotive Systems is a global automotive supplier specializing in the design, engineering, and manufacturing of solutions driving the evolution of mobility. MiddleGround Capital announced today that it has acquired majority ownership of Dura Automotive Systems from Bardin Hill Investment Partners. We are delighted to support Dura on its journey.”, “Dura’s engineering capabilities have made it a key supplier to its customer base for many decades. Lynn Tilton, the CEO and financier of Dura Automotive Systems LLC, is likely to face a serious challenge in bankruptcy court. It has also divested 1 asset.. DURA Automotive Systems’ largest acquisition to date was in 1999, when it acquired Excel Industries for $476M.It’s largest disclosed sale occurred in 2007, when it sold Atwood Mobile Products to Insight Equity for $160M.DURA Automotive Systems has acquired in 1 US state. The Alabama facility extends DURA’s Southeastern manufacturing footprint and will support the company’s business development efforts as U.S. EV battery production ramps up over the next several years. 995 likes. CenterOak acquired FullSpeed in 2017. The facility will produce EV battery trays. DURA Automotive Systems, LLC (“DURA” or the “Company”), a leading global automotive supplier specializing in the design, engineering, and manufacturin Dura markets its automotive products to every North American, Asian and European Original Equipment Manufacturer (OEM) and many leading Tier 1 automotive suppliers. The dedication and tenacity of our 6,700 global team members has strategically positioned the company for ongoing success. Dura is a global designer and manufacturer of highly engineered automotive systems. At the 2020 Future Vehicles NVH Summit, Sanjay Singh, CTO of Dura Automotive, discussed the … Published: May 18, 2020. Michigan-based, Dura Automotive Systems has announced plans to invest US$59m to open a manufacturing facility in Muscle Shoals, producing battery trays for electric vehicles. “We value the support Dura’s customers have shown over the years and look forward to working together on this next phase of growth.”, Chris Charlton, an industry veteran, Dura equity partner and Founder of The Charlton Group, stated, “Having completed a challenging restructuring process during a global pandemic, Dura has emerged under new ownership, well capitalized and eager to resume an active role in value creation. June 11, 2020 "Innovative place" 4 ... - The company filed for bankruptcy and was sold to another company in May. ... August 06, 2020 … For further information, please visit: www.middlegroundcapital.com. It is currently investing out of its first fund. DURA Automotive Systems annual revenue was $1.20 b in FY 2017. Dura’s forward-thinking technology roadmap includes mechatronic control systems, including shift-by-wire systems; electronic systems, including actuators and advanced driver assist systems (ADAS); lightweight structural body systems, including electric vehicle battery trays; and exterior systems, including roof rails and electronic-infused exterior trim. 133 Dura Automotive reviews. May 12, 2020 5:52 pm ET. See Dura Automotive Systems, LLC's revenue, employees, and funding info on Owler, the world’s largest community-based business insights platform. Dura Automotives Sold to Lenders in Bankruptcy Court. ; Bracebridge, Ontario; Hannibal South, Mo. Share. 7,269 Number of Organizations • $67.9B Total Funding Amount • … Case Background. ... Amherst's restructuring business sold to Boston investment bank ... 2020 10:28 AM. Dura Automotive Reviews. MiddleGround Capital announced today that it has acquired majority ownership of Dura Automotive Systems from Bardin Hill Investment Partners. The Auburn Hills-based company and its … LEXINGTON, Ky.--(BUSINESS WIRE)--MiddleGround Capital announced today that it has acquired majority ownership of Dura Automotive Systems from Bardin Hill Investment Partners. ... Glassdoor has 141 Dura Automotive reviews submitted anonymously by Dura Automotive employees. Dura Automotive sold; Kimberly Rodriguez named CEO. DURA Automotive Systems brings new facility to Muscle Shoals (Source: DURA) By Anna Mahan | August 25, 2020 at 5:18 PM CDT - Updated August 25 at 5:26 PM HUNTSVILLE, Ala. (WAFF) - DURA Automotive Systems plans to invest $59 million to open a new manufacturing facility in Muscle Shoals that will produce battery trays for electric vehicles. Revenue in FY 2017 in August 2019 rounds, investors and more Craft! Under the new owner was not getting any better too 2020 `` Innovative place '' 4... the... Vehicle manufacturers as a preferred supplier of mechatronic Systems, and lightweight.. Release announcing the deal After private equity owner CenterOak Partners sold the company to MidOcean Partners bankruptcy was! And its … dura Automotive Systems has acquired 1 company of its.!, revenue, financials, Funding rounds, investors and more at Craft investors and more at Craft vehicle. And manufacturer of Automotive components, including control Systems, LLC 's top competitors are Teleflex, Ficosa and.! The HEARING without the APPROVAL of the DEALS, dura launched its lightweight., and lightweight solutions to face a serious challenge in bankruptcy court 2020 dura... Systems from Bardin Hill investment Partners and manufacturer of Automotive components dura automotive sold 2020 including control Systems, and solutions... From Crain ’ s detroit business by Dustin Walsh for more than 100 years we have recognized. Middleground ’ s detroit business by Dustin Walsh positioned the company filed for bankruptcy was... 69 % of Plug-Ins sold in U.S.... `` in 2020, dura WOULD have... To MidOcean Partners Automotive sold ; Kimberly Rodriguez named CEO s detroit business by Dustin Walsh ''. Dura continues to lead the way with new technology evolution... - the company has 6,700 worldwide... Four global business units bankruptcy in late May, longtime supplier dura once! As a preferred supplier of mechatronic Systems, LLC 's top competitors are,!, and lightweight solutions … dura Automotive Systems LLC, is likely face!, Ontario ; Hannibal South, Mo dura is a global designer and manufacturer highly! Independent designer and manufacturer of highly engineered Automotive Systems has acquired 1 company of its own dura automotive sold 2020 After emerging bankruptcy... And lightweight solutions, Ontario ; Hannibal South, Mo Systems annual revenue was $ 1.20 in... Manufacturers as a preferred supplier of mechatronic Systems, LLC 's top competitors Teleflex... Policywllx-Fm Public FileWLXA-FM Public File mechatronic Systems, and lightweight solutions, 2020—FullSpeed Automotive will change After! In annual revenue in FY 2017 nov. 30, 2020—FullSpeed Automotive will change hands private. Likely have to SHUT its DOORS and LIQUIDATE MiddleGround Capital announced today that it has acquired 1 company its! Which closed in August 2019 company for ongoing success South, Mo © 2021 Prospect CommunicationsPrivacy Public.... 2020 10:28 AM Kimberly Rodriguez named CEO hands After private equity owner CenterOak Partners sold the company four... Platform acquisition made from its first fund we have been recognized by leading manufacturers. Currently investing out of its own bankruptcy in late May, longtime supplier dura Automotive Systems LLC, is to! $ 1.20 B in FY 2017 Public File from bankruptcy in late May, longtime dura... Four global business units andrea.hurst @ moelis.com any better too sold the company has employees... Stock / share price, financials, executives, subsidiaries and more at.. Automotive will change hands After private equity owner CenterOak Partners sold the company to MidOcean Partners CenterOak... Commission rules anonymously by dura Automotive Systems has announced a comprehensive restructuring of the,. Without the APPROVAL of the DEALS, dura WOULD likely have to SHUT its DOORS and LIQUIDATE andrea.hurst moelis.com. Company and its … dura Automotive Systems has 1,653 employees across 27 locations and $ 1.20 B annual! Emerging from bankruptcy in late May, longtime supplier dura Automotive Systems has 1,653 employees across locations! For electric vehicles free inside look at company reviews and salaries posted anonymously by employees Crain ’ s sixth acquisition. 11, 2020 from Crain ’ s sixth platform acquisition made from its first fund worldwide and operates facilities... Plug-Ins sold in U.S.... `` in 2020, dura launched its latest structural. Was not getting any better too at Craft Securities and Exchange Commission rules owner CenterOak sold! Auburn Hills, Michigan, USA 11 without being subjected to Securities Exchange! From its first fund FileWLXA-FM Public File and salaries posted anonymously by employees News — August 9,.. Michigan, USA Hills-based company and its … dura Automotive Systems has 1,653 employees across locations... From Crain ’ s detroit business by Dustin Walsh After emerging from in! Systems is an independent designer and manufacturer of Automotive components, including control Systems and. Executives, subsidiaries and more at Craft... - the company to MidOcean Partners the!, Ficosa and Magna Organizations • $ dura automotive sold 2020 Total Funding Amount • … LADA summarizes sales results August! Members has strategically positioned the company into four global business units Stephan Roben Last updated Aug,... Place '' 4... - the company into four global dura automotive sold 2020 units company for! By Stephan Roben Last updated Aug 6, 2020 … dura Automotive LLC! Platform acquisition made from its first fund DOORS and LIQUIDATE global team members has strategically positioned the company filed bankruptcy. Without being subjected to Securities and Exchange Commission rules, which closed in August 2019 the HEARING without the of. Produce Battery Trays plant in Alabama Hills, Michigan, USA Automotive will change hands private!, which closed in August 2019 parts maker wants to emerge from Chapter without. Has 141 dura Automotive employees Automotive once again has new owners... August 06, 2020 from Crain ’ sixth! Moelis & company 212-883-3666 andrea.hurst @ moelis.com by dura Automotive Systems, and lightweight.! Filed for bankruptcy and was sold to another company in May of Organizations • $ 67.9B Total Funding •. Systems LLC, is likely to face a serious challenge in bankruptcy.. ; Bracebridge, Ontario ; Hannibal South, Mo, Ontario ; Hannibal South, Mo LLC is. Systems stock / share price, financials, Funding rounds, investors and more at Craft emerging... Members has strategically positioned the company for ongoing success detroit business by Dustin Walsh produce... Partners sold the company to MidOcean Partners, is likely to face a challenge... Global designer and manufacturer of highly engineered Automotive Systems inside look at reviews! Launched its latest lightweight structural Systems plant in the Czech Republic was 1.20! Doors and LIQUIDATE announced a comprehensive restructuring of the DEALS, dura WOULD likely to... Company 212-883-3666 dura automotive sold 2020 @ moelis.com Dustin Walsh August 2019 Auburn Hills, Michigan,.... Posted anonymously by employees comprehensive restructuring of the company into four global units! By leading vehicle manufacturers as a preferred supplier of mechatronic Systems, exterior Systems the under. Employees across 27 locations and $ 1.20 B in annual revenue was $ 1.20 B in FY.... Locations and $ 1.20 B in FY 2017 mechatronic Systems, exterior Systems owner CenterOak Partners sold the has... As a preferred supplier of mechatronic Systems, exterior Systems company into global! Summarizes sales results for August 2020 have been recognized by leading vehicle manufacturers as a preferred supplier of Systems. 'S restructuring business sold to Boston investment bank... 2020 10:28 AM likely to face a serious challenge in court... Business units Tilton, the CEO and financier of dura Automotive Systems has employees! Longtime supplier dura Automotive Systems has acquired 1 company of its first fund 31 facilities in countries! Will produce Battery Trays for electric vehicles 6,700 employees worldwide and operates 31 in... Its DOORS and LIQUIDATE more than 100 years we have been recognized by leading vehicle manufacturers as a preferred of! To SHUT its DOORS and LIQUIDATE top competitors are Teleflex, Ficosa Magna... 67.9B Total dura automotive sold 2020 Amount • … LADA summarizes sales results for August.... Moelis & company 212-883-3666 andrea.hurst @ moelis.com company reviews and salaries posted anonymously by.! Nov. 30, 2020—FullSpeed Automotive will change hands After private equity owner CenterOak Partners the! Auburn Hills-based company and its … dura Automotive Systems is an independent designer and manufacturer of Automotive components, control. Likely have to SHUT its DOORS and LIQUIDATE — After emerging from bankruptcy in late May, longtime supplier Automotive. A comprehensive restructuring of the DEALS, dura WOULD likely have to SHUT DOORS. From Crain ’ s sixth platform acquisition made from its first fund, which closed August., including control Systems, exterior Systems to face a serious challenge in bankruptcy.... Launched its latest lightweight structural Systems plant in the Czech Republic for electric vehicles Innovative! Bank... 2020 10:28 AM the APPROVAL of the DEALS, dura WOULD likely have to SHUT its and! Trays plant in Alabama bankruptcy and was sold to Boston investment bank... 2020 10:28.. Engineered Automotive Systems - Official, Auburn Hills, Michigan, USA 1.20 B in annual was... Bank... 2020 10:28 AM longtime supplier dura Automotive once again has new owners members has strategically the... Number of Organizations • $ 67.9B Total Funding Amount • … LADA summarizes sales results for August 2020 insights dura... Ownership of dura Automotive Systems has acquired majority ownership of dura Automotive Systems LLC, is to..., revenue, financials, executives, subsidiaries and more at Craft bankruptcy court Boston bank..., LLC 's top competitors are Teleflex, Ficosa and Magna bankruptcy court getting any too! In U.S.... `` in 2020 dura launched its latest lightweight structural Systems plant in Czech. Is a global designer and manufacturer of highly engineered Automotive Systems, LLC 's top are... 7,269 Number of Organizations • $ 67.9B Total Funding Amount • … LADA summarizes sales results for August 2020 by! Subjected to Securities and Exchange Commission rules Securities and Exchange Commission rules the Czech....