BPI Holdings completes sale to a group of investors led by Torque Capital Group
March 20, 2013
On March 25, 2013, Brake Parts Inc. announced that it had been acquired by a group of investors led by Torque Capital Group. The business was spun off to its shareholders in November 2012 by its parent, Affinia Group Holdings, headquartered in Ann Arbor, Michigan.
Brake Parts, headquartered in McHenry, Illinois, manufacture, test and distribute the highest quality, full line of brake system products.
Torque Capital Group, headquartered in New York, New York, is a private equity firm that actively partners with leading industrial players and high-quality management teams to invest in best-in-class manufacturing businesses.
McCarthy Tétrault LLP acted as Canadian counsel to BPI Holdings International in the sale of Brake Parts. The McCarthy Tétrault team was led by Robert Hansen.