Patriarch Partners Wins “Deal of the Year” Award for Acquisition of DURA Automotive Systems
At the annual Americas M&A Atlas Awards Gala held at the Waldorf Astoria in New York, Patriarch Partners, LLC was honored by the Global M&A Network with the 2010 Deal of the Year award for the firm’s acquisition of DURA Automotive Systems (“DURA”) which transaction closed in January. DURA is the largest independent designer and manufacturer of driver control systems and a leading supplier of structure and trim products for the global automotive industry.
."We are honored by Global M&A Network's recognition of Patriarch Partners and DURA Automotive Systems for this transaction in an industry so very important to America," said Lynn Tilton, founder and CEO of Patriarch Partners. "Their continued acknowledgement and accolades for our work in the industry helps maintain our firm's commitment to acquiring assets out of favor and to rebuilding America one company at a time, one job at a time."
The Americas M&A Atlas Awards are part of the M&A Atlas Awards global brand; and recognize outstanding performances in executing transactions, implementing turnaround strategies and financial work-outs completed in 2010.
About Patriarch Partners, LLC:
Patriarch Partners is a vertically integrated distressed private equity firm with robust in-house operational turnaround expertise. Patriarch Partners, LLC ("Patriarch"), founded in 2000, was built upon a proprietary patented financial model designed to manage and monetize the distressed portfolios of financial institutions. Patriarch has since evolved into a global investment firm that concentrates on direct investments in distressed businesses, managing funds with over $7 billion of equity and secured loan assets with equity investments in more than 70 companies, and controlling interests in approximately two-thirds of these. For more information, please visit www.patriarchpartners.com.
About DURA Automotive Systems:
DURA, a Patriarch Partners company, is a leading independent designer and manufacturer of driver control systems, seating control systems, glass systems, engineered assemblies, structural door modules and exterior trim systems for the global automotive industry. DURA markets its automotive products to every North American, Asian and European original equipment manufacturer (OEM) and to many leading Tier 1 automotive suppliers. DURA is headquartered in Rochester Hills, Michigan, USA, with more than 10,000 employees in 32 manufacturing operations in 16 countries. Information about DURA and its products is available on the internet at www.duraauto.com.
About Global M&A Network:
Global M&A Network produces world-class conferences and the Gold Standard of Performance, the M&A ATLAS AWARDS® for mergers, acquisitions, turnaround and alternative investor communities. Success stems from senior management's 40 plus years of collective experience executing preeminent financial industry programs in America, Europe, Asia, Australia, Latin America, Africa and Middle-East regions. https://www.globalmanetwork.com/