Industry Expertise

Automotive & Industrial

Wracked by the worst global industry downturn in decades, suppliers to the automotive and industrial sector consolidated their operations and restructured their balance sheets to survive. Benefitting from recoveries in automotive production, heavy truck demand, and industrial activity that have surprised some economic observers in their strength, automotive and industrial market participants are positioned to take advantage of new opportunities.

Carbide Partners has deep industry expertise, as well as strong operational and financial skills, to help owners of automotive and industrial businesses devise and execute plans to take advantage of the improved environment. For owners and investors who want capital to expand, Carbide Partners can raise the funding necessary to support operational growth and finance strategic acquisitions. For owners who have waited for the recovery to exit, Carbide Partners can help position and market businesses to capture the higher valuations now available.

Mark Simon, Senior Advisor and head of Carbide Partners’ Automotive and Industrial Group, was the CEO of a private-equity backed, $300 million global supplier of pedal assemblies, steering columns and other engineered automotive components from 2005 to 2008. Under Mr. Simon’s leadership, the company completed two significant acquisitions and executed an aggressive operating restructuring that eliminated $30 million in costs in a 24-month period. See Case Studies: Acquisitions & Operating Restructuring — Automotive for additional details.

Mark Kammert, Managing Partner, has extensive financial restructuring experience in the automotive sector. On behalf of a U.S.-based private equity investor and a Japanese institutional co-investor, in 2006 Mr. Kammert led the management buyout of a $340 million global supplier of rubber hoses to automotive OEMs and Tier 1 customers. Mr. Kammert arranged the senior debt, second lien debt and equity co-investor financing to fund the initial acquisition. As the lead director on the company’s board, Mr. Kammert subsequently managed two complex financial restructurings with the company’s creditors and worked actively with management to improve the company’s liquidity and reduce costs. See Case Studies: Financial Restructuring — Automotive for additional details.