Shearman & Sterling advised certain funds managed by Atlas Holdings, LLC in the acquisition of USF Holdings, LLC and its subsidiaries (“USF”) from The Gores Group. Terms of the transaction, announced on June 12, 2023, were not disclosed.

With 18 manufacturing facilities in the United States, Mexico and China and headquartered in Auburn Hills, MI, USF is a leading solutions partner to the global automotive industry. USF provides conventional and highly technical injection molding, compression molding and extrusion products as well as full-service design, tooling and engineering services. USF customers include General Motors, Ford, Stellantis, Tesla, Toyota, Honda, Rivian and other leading global automotive OEMs and Tier 1 suppliers.

Atlas Holdings and its affiliates are a diversified group of 26 manufacturing and distribution businesses in the automotive, building materials, business services and solutions, construction, energy, food and beverage, industrial services, metals, packaging, printing, pulp, paper, and logistics industries.

The Gores Group is a global private equity firm that has invested over $4 billion in equity capital across a variety of industries.

The Team