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Birmingham, Michigan – September 6, 2019 – Angle Advisors is pleased to announce that Arlington Industries Group Ltd. (“Arlington”) has acquired the global thermostats business (the “Thermostats Business”) from BorgWarner, Inc. (“BorgWarner”). Angle Advisors acted as the exclusive investment banking advisor to BorgWarner in completing this transaction.

The BorgWarner Thermostats Business included manufacturing operations in Oberboihingen, Germany; Piracicaba, Brazil; Ningbo, China; Dixon, Illinois; and Oroszlany, Hungary.  The Business serves OEM passenger vehicle and commercial vehicle end markets as well as the OES and independent aftersales markets. Aftersales are conducted under the Wahler brand name.  As part of the transaction, Arlington will create a new division, Arlington Thermal Management, which will include the Thermostats Business and Arlington’s prior acquisition of Magal Engineering.

“We are very pleased with our latest acquisition. The Wahler brand stands for premium quality and this is a significant move from Arlington Industries. Our new structure will deliver great opportunities for our customers and employees worldwide,” said Mark Franckel, chief executive officer, Arlington. Arlington’s major shareholder, Cartesian Capital Group supported the acquisition and continues to identify and advise on complementary acquisitions. Beth Michelson, Senior Managing Director commented “The acquisition of Wahler from Borg Warner, a U.S. Fortune 500 Company, demonstrates the strength of Arlington and our commitment to providing an unrivalled supply chain for our Automotive OEM customers throughout the world. This acquisition significantly expands Arlington’s global footprint, product offering and capabilities. We are all very excited for the future.”

BorgWarner, Inc., headquartered in Auburn Hills, Michigan, is a global product leader in clean and efficient technology solutions for combustion, hybrid and electric vehicles. With manufacturing and technical facilities in 66 locations in 18 countries, the company employs approximately 29,000 worldwide. For more information, please visit

Arlington Industries Group Ltd., head quartered in Coventry, U.K., is an integrated design, engineering, and manufacturing company that supplies parts to the automotive and aerospace sectors.  The company supplies critical components, tools, and fixtures to leading OEMs in each industry.  For more information, please visit

Angle Advisors has offices in the United States, Europe and Asia. We specialize in complex corporate carve-out transactions, and are the league-leader for M&A in the vehicular components sector.  Formed at the beginning of 2010, Angle works for multinational corporations, privately-held companies, and private equity funds. For additional information, please visit


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