BIG NEWS for All Star! We are so excited for our next chapter and growth. We're happy to be joining BBB Industries, LLC, backed by Clearlake Capital Group. Get ready for even more quality auto parts and exceptional service. Stay tuned for updates on this big news!
BBB Industries, LLC, a leading sustainable manufacturer serving the automotive, industrial, energy storage, and solar markets, backed by Clearlake Capital Group, L.P., today announced it has entered into a definitive agreement to acquire All Star Auto Parts. Terms of the transaction, which is expected to close in the third quarter, 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. “The acquisition of All Star will be an exciting development for BBB as we continue to build upon the company’s foundation in sustainable manufacturing and accelerate both product and end-market diversification,” said José E. Feliciano, Co-Founder and Managing Partner, and Colin Leonard, Partner and Managing Director, at Clearlake. “This acquisition showcases our O.P.S.® value creation framework in action as we continue to pursue accelerated growth through both organic initiatives and strategic M&A,” added Ben Kruger, Principal at Clearlake. #PrivateEquity #Investment #Acquisition #Growth #SustainableManufacturer #Automotive #CollisionRepair #AllStar #BBB https://lnkd.in/gM5s-sj5