Tenneco supplies components such as mufflers and shock absorbers. It also owns several aftermarket brands such as Champion spark plugs that it inherited from its acquisition of longtime Detroit-area supplier Federal Mogul in 2018 for $5.4 billion.
Apollo partner Michael Reiss said in the statement: "We look forward to working with the Tenneco team to build on the strong foundation in place today, investing across their platform and product categories for growth and delivering innovative solutions for customers."
Tenneco said it expects to complete the transaction in the second half of 2022.
Spokespeople for Tenneco and Apollo could not be reached for further comment.
Tenneco ranks No. 12 on the 2022 Automotive News list of the top 100 global suppliers with worldwide sales to auto makers of $15 billion in 2021.