DAPHNE,
Ala., Aug. 20, 2024 /PRNewswire/ -- BBB
Industries ("BBB"), a leading sustainable manufacturer serving the
automotive, industrial, energy storage, and solar markets, backed
by Clearlake Capital Group, L.P. ("Clearlake"), announced today it has completed
its acquisition of All Star Auto Parts ("All Star").
Terms of the transaction were not disclosed.
Headquartered in Orlando, FL, All Star is a growth-oriented
provider of alternative automotive replacement parts including both
remanufactured OEM and aftermarket lights and wheels. All Star
primarily focuses on the U.S. collision repair channel, which it
serves through its nationwide distribution network.
"All Star will strengthen our electronics offering and will
allow us to provide additional product and service options to our
customers. We are thrilled to welcome the All Star team to BBB,"
said Duncan Gillis, BBB's CEO. "Our goal is to continue to
spread the power of sustainable manufacturing at scale to deliver
even greater value to the markets we serve, and we are excited
about the opportunities that lie ahead."
"We are excited to join forces with BBB, a company that shares
our commitment to quality and innovation in the automotive space.
Together, we'll be able to expand our reach and enhance our ability
to provide top-tier, sustainably manufactured products to our
customers. This partnership marks an important milestone in All
Star's growth, and my team and I look forward to the
advantages it will bring moving forward," said Andrew Sexton, CEO of All Star Auto Parts.
About BBB Industries
BBB Industries, LLC is a leading sustainable manufacturer serving
the automotive and industrial markets. With an extensive footprint
and operations throughout North
America, BBB entered the European market in 2020 and now
sustainably manufactures and supplies an assortment of
nondiscretionary repair parts across more than 90 countries.
TERREPOWER is a division of BBB that services the electric vehicle,
energy storage and solar markets across both North America and Europe. Founded in 1987, BBB Industries, LLC
is a private company with corporate centers located in greater
Mobile, Alabama and Dallas, Texas. Please see www.bbbind.com for
more information.
About Clearlake
Founded in 2006, Clearlake Capital Group, L.P. is an investment
firm operating integrated businesses across private equity, credit,
and other related strategies. With a sector-focused approach, the
firm seeks to partner with experienced management teams by
providing patient, long-term capital to dynamic businesses that can
benefit from Clearlake's
operational improvement approach, O.P.S.® The firm's core
target sectors are industrials, technology, and consumer.
Clearlake currently has over
$80 billion of assets under
management, and its senior investment principals have led or co-led
over 400 investments. The firm is headquartered in Santa Monica, CA with affiliates in
Dallas, TX, London, UK, Dublin,
Ireland and Singapore. More
information is available at www.clearlake.com.
BBB Industries Contact:
Denise
Seale
Director - Corporate Communications and Government Affairs
Tel: +1-251-438-2737
dseale@bbbind.com
www.bbbind.com
Clearlake Contact:
Caroline
Luz
Lambert
Tel: +1-203-570-6462
Jennifer Hurston
Lambert
Tel: +1-845-507-0571
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SOURCE Clearlake Capital Group