July 29, 2022—Clearlake Capital has acquired BBB Industries.

According to a press release, the acquisition went through an affiliate of Clearlake Capital Group, L.P. from Genstar Capital. The terms of the transaction have not been disclosed, but CEO of BBB Duncan Gillis will continue to lead the company alongside the existing management team.

“Today marks an exciting new chapter for BBB,” said Gillis via the press release. “Over the past decade we have identified and invested in opportunities to deliver sustainable manufacturing solutions to our core automotive end-markets and the broader industrial and renewable energy markets. We remain optimistic about the market potential across all these end-markets and are eager to partner with Clearlake as we enter our next phase of growth.”

BBB was founded in 1987 and is a sustainable manufacturer of many automotive parts including starters, alternators, hydraulic and air disc brake calipers, hydraulic and electronic power steering products, and turbochargers. BBB's audience includes the OEM, passenger, industrial, and commercial vehicle automotive aftermarket industries.

Clearlake Capital was founded in 2006 and is an investment firm with target sectors of technology, industry, and consumers. 

“We have long admired BBB as an innovative provider of sustainable manufacturing solutions,” said Ben Kruger, Senior Vice President of Clearlake, via the press release. “We are excited to partner with Duncan and the BBB leadership team, and we look forward to leveraging our O.P.S framework to help the Company expand its platform through both organic initiatives and strategic acquisitions.”