Carlyle acquired AxleTech International in October 2005 and exited the investment through a sale to General Dynamics in December 2008. During Carlyle’s ownership, AxleTech expanded its capabilities, becoming a top-selling designer and manufacturer of specialty axles, advanced suspension systems and other drivetrain components.
The company focused on off-highway, select onhighway and specialty vehicles serving the military sector and the commercial aftermarket. During Carlyle’s ownership, AxleTech grew from 450 employees to approximately 900 employees, including 300 unionized employees affiliated with the UAW. While based in Troy, Michigan, AxleTech also operated manufacturing facilities in Oshkosh, Wisconsin; Detroit, Michigan; Chicago, Illinois; St. Etienne, France; and Osasco, Brazil. Click here for more information on AxleTech International