Audax Group acquires Wheel Pros
Audax Group has acquired Wheel Pros, a designer, marketer and distributor of branded aftermarket wheels, from Platinum Equity.
Headquartered in Denver, Colorado, the company also distributes performance tyres and accessories.
Geoffrey Rehnert, co-CEO of Audax Group, says: “Wheel Pros is a market leader in the automotive aftermarket industry. We look forward to partnering with Randy White, Jody Groce and the Wheel Pros team to grow the business organically and through strategic add-on acquisitions.”
Randy White, CEO of Wheel Pros, says: “We are excited to continue growing the business organically and by leveraging Audax’ expertise in identifying and integrating add-ons. I look forward to working with our new partner and creating a larger strategic enterprise.”
Kirkland & Ellis LLP served as counsel to Audax. William Blair & Co. advised Wheel Pros. CIT and GE Capital Corporation provided senior debt financing and AEA, Prospect, and Triangle provided junior debt financing.
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