Pamplona Capital Management (Pamplona) has sold BBB Industries (BBB Industries) to Genstar Capital.
BBB supplies non-discretionary replacement parts in the North American automotive aftermarket, primarily focused on the do-it-for-me light vehicle aftermarket and serves vehicle owners, professional technicians and franchised dealers. BBB Industries has a broad product offering, including starters, alternators, hydraulic steering, brake calipers, electric power assisted steering and turbochargers. Its 30,000+ SKUs are sold through warehouse distributors, retail outlets, and OEM service organisations. Founded in 1987, the Company is based in Daphne, AL.
Martin Schwab, Partner at Pamplona, says: “We are delighted with the growth BBB Industries has achieved under Pamplona’s ownership. We accomplished our plan of investing in the Company’s talent pool, diversifying the Company’s customer base and expanding into new product groups, both organically and through strategic acquisitions. We wish the Company and its management team continued success and growth with its new partner.”
Duncan Gillis, CEO, says: “I would like to thank Pamplona for all their support over the last few years. They have been a hugely valuable shareholder and partner for our management team.”
BBB Industries was held in Pamplona’s fourth fund, Pamplona Capital Partners IV LP, a EUR3.0 billion investment vehicle raised in 2014. Pamplona was advised by Robert W Baird, Jefferies Inc., and Schulte Roth & Zabel LLP in connection with the transaction.
