BBB Industries LLC, a remanufacturing industry leader in the automotive aftermarket, announced that it has acquired substantially all of the assets of Turbo Supply Inc. The transaction transfers all of Turbo Supply’s production and operation assets, intellectual property, inventory and brands to BBB Industries.
Founded in 1997, Turbo Supply Inc. is a complete turbocharger source for all major markets. The company has a corporate office and state-of-the-art remanufacturing ISO 9001-certified facility in Joplin, Missouri, along with branch offices in both Odessa and Houston. The company provides turbochargers in both on- and off-road applications, such as over-the-road trucking, passenger cars, agriculture, natural gas compression and construction.
Tim Roth, BBB Industries executive vice president of business development, commented, “Turbo Supply’s remanufacturing expertise and market understanding along with a proven ability of a talented team to provide high-quality products to a broad customer base is a natural complement to BBB.”
BBB’s CEO Duncan Gillis added, “Both our companies value prioritizing customer satisfaction and quality products above all else. I am excited that we will be bringing added value to our existing and new customer relationships”.
Kyle Thiessen, president of Turbo Supply Inc., said, “Since our founding, we have focused on being experts on new and remanufactured turbochargers, cartridges and components, making us the definitive choice. It’s rare that an opportunity comes along to combine forces with a like-minded company such as BBB Industries. I look forward to the advances we will make in the industry as a combined company.”
BBB Industries was advised by XMS Capital Partners, while Lewis Rice acted as legal counsel.
