Tower International, Inc.
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Tower International, Inc. - overview
Established
1993
Location
Livonia, MI, US
Primary Industry
Automobiles, Other Vehicles & Parts
About
Tower International, Inc. , operates in the automotive sector, specializing in manufacturing high-strength structural components and precision stamping assemblies that enhance vehicle performance and safety. Founded in 1993, Tower International, Inc. is located in Livonia, US, and focuses on producing vehicle components.
In July 2019, Autokiniton Global Group, LP acquired Tower for USD 900 mn, consolidating its operations under a new ownership structure. The firm has completed a total of 6 deals since its inception, with its most recent transaction marking a significant transition in its corporate strategy. Tower International specializes in high-strength structural components and precision stamping assemblies integral to vehicle safety and performance. The company’s products include full body-frame structural assemblies, which support lightweighting and enhance structural integrity.
These components serve a varied clientele, including leading manufacturers in the electric vehicle (EV), internal combustion engine (ICE), minivan, and pick-up truck markets, across North America, Europe, and Asia. In 2018, Tower International reported a revenue of USD 1,571. 85 mn and an EBITDA of USD 155. 37 mn.
The company primarily earns through B2B transactions with automotive manufacturers, engaging in direct partnerships for high-volume orders tailored to specific project needs, often involving custom tool and die development. Following the acquisition by Autokiniton Global Group, LP, Tower International plans to utilize the USD 900 mn funding to support and scale its operations. The company is set to expand its product offerings and enhance design optimizations in upcoming vehicle components. Additionally, Tower targets expanded market presence across new geographic regions to increase its client base and service capabilities.
Current Investors
Autokiniton Global Group, LP
Primary Industry
Automobiles, Other Vehicles & Parts
Sub Industries
Automobiles, Other Vehicles & Parts
Website
www.towerinternational.com
Verticals
Manufacturing
Company Stage
Mature
Total Amount Raised
Subscriber access only
Tower International, Inc. - financials
| Fiscal Year Ended | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 1,997,058,000 | 2,406,089,000 | 2,084,914,000 | 2,102,019,000 | 2,067,771,000 | 1,955,709,000 | - | - | - |
| % Revenue Growth (YoY) | - | 20.5% | (13.3%) | 0.8% | (1.6%) | (5.4%) | - | - | - |
| EBITDA (USD) | 163,722,000 | 205,049,000 | 157,144,000 | 180,715,000 | 168,007,000 | 158,718,000 | - | - | - |
| Operating Income (USD) | 49,054,000 | 90,471,000 | 64,288,000 | 85,878,000 | 80,766,000 | 78,971,000 | - | - | - |
| Operating Margin | 2.5% | 3.8% | 3.1% | 4.1% | 3.9% | 4.0% | - | - | - |
| % EBITDA Margin | 8.2% | 8.5% | 7.5% | 8.6% | 8.1% | 8.1% | - | - | - |
| NET Income (USD) | (28,453,000) | 13,173,000 | 25,008,000 | (16,064,000) | 27,087,000 | 195,791,000 | - | - | - |
| % Net Margin | (1.4%) | 0.5% | 1.2% | (0.8%) | 1.3% | 10.0% | - | - | - |
Tower International, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Public to Private | Completed | Tower International, Inc. | - | ||||||||
| Private Placement/Follow on | Completed | Tower International, Inc. | - | ||||||||
| Private Placement/Follow on | Completed | Tower International, Inc. | - | ||||||||
| Private Placement/Follow on | Completed | Tower International, Inc. | - | ||||||||
| IPO | Completed | Tower International, Inc. | - |
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