American Securities' Metaldyne Turns Ignition on $150M IPO
August 29, 2014
American Securities-backed Metaldyne Performance Group, an auto parts manufacturer, has filed for a $150 million IPO with plans to list on the NASDAQ under the symbol MPG. The company has more than 12,600 employees and 56 facilities in 13 countries across North America, South America, Europe and Asia. In 2013, it had $3.05 billion in net sales, $508.8 million in adjusted EBITDA and $79.9 million in net income. American Securities owns an 87% pre-IPO stake.