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Horizon Global to Acquire Brink Group for $200M

Horizon Global

Horizon Global is set to acquire the Brink Group from H2 Equity Partners for $200 million. The Brink Group is a manufacturer of towbars, wiring kits, and towing accessories.

Headquartered in the Netherlands and with more than 75 years of towbar expertise, the Brink Group works closely with OEMs and suppliers on various programs, and also serves the aftermarket channel of the towing and trailering industry. The Brink Group produces nearly one million towbars annually, and its products can be found on approximately 25 million vehicles worldwide. The Brink Group currently operates nine facilities in eight countries around the world.

“We look forward to adding the Brink Group’s powerful product portfolio and manufacturing expertise to that of Horizon Global’s, and we are confident this combination will enhance our ability to better serve our customers and end users across all markets that we serve,” said Mark Zeffiro, president and CEO of Horizon Global. “We expect the acquisition to be accretive to earnings during its first full year as part of Horizon Global through a combination of operating performance and the realization of certain synergies. The new Horizon Global will greatly benefit customers with a strengthened global platform, broader product offerings and enhanced product innovation and design expertise.”

With annual revenue of approximately $150 million, the Brink Group’s addition to the Horizon Global portfolio will enhance the company’s manufacturing capabilities.

The combined company will have approximately 5,300 employees, operating 67 facilities in 21 countries to effectively serve its global customers. The parties expect to complete the transaction by the end of the second quarter 2018, subject to the satisfaction of customary closing conditions, including receipt of regulatory approvals.

“This significant acquisition will strengthen our global platform and give our Company the reach, product offering and customer access to build on our leadership position in the OEM, OES, aftermarket and retail channels in the markets we serve,” said Zeffiro.

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