Clearlake Capital-Backed Wheel Pros Acquires Teraflex

Clearlake Capital-Backed Wheel Pros Acquires Teraflex

This strategic acquisition expands Wheel Pros’ suspension and performance shock product offerings.

Wheel Pros, a designer, manufacturer and distributor of proprietary branded aftermarket vehicle enhancements for light trucks, SUVs, passenger cars and ATVs/UTVs backed by Clearlake Capital Group L.P. and in partnership with management, has acquired TeraFlex, a designer, manufacturer and distributor of aftermarket suspensions, shocks, and other components for automotive and off-roading enthusiasts.TeraFlex’s Founder and CEO Mark Falkner, President Benjamin Falkner, and VP of Organizational Development Ian Falkner will remain with the combined company. Financial terms of the transaction were not disclosed.

“TeraFlex has built an impressive suite of brands and products in the suspension and shock categories that complement our offerings in lift kits extremely well,” said Randy White, co-founder and CEO, and Brian Henderson, chief strategy officer, at Wheel Pros. “We are excited to partner with Mark, Ben, Ian and the broader TeraFlex team to scale our combined business and continue to expand our suite of aftermarket vehicle enhancements for automotive and off-roading enthusiasts.”

Headquartered in West Jordan, Utah, TeraFlex has established brands, such as Falcon, and in-house product development capabilities that deliver high-performance, quality products. TeraFlex operates three domestic U.S. facilities and sells 3,470 distinct product SKUs across 24 core product families. The company distributes its products to more than 1,250 dealers and more than 500 total customers across 47 U.S. states and 35 countries globally.

“We’re excited to join the Wheel Pros organization and leverage their design expertise, scale and operational footprint to accelerate growth,” said Falkner. “We believe we can expand on Wheel Pros’ existing footprint in the suspension category, and together, provide automotive enthusiasts with access to a larger suite of aftermarket vehicle enhancements. We look forward to embarking on this next chapter of combined growth.”

“The talented TeraFlex team has created a high growth platform with a robust suite of brands in the aftermarket suspension and shock categories,” said José E. Feliciano, co-founder and managing partner, and Colin Leonard, partner, at Clearlake. “We look forward to expanding the product breadth and distribution footprint of the combined Wheel Pros platform through increased investment and by utilizing our O.P.S. framework to better serve automotive and off-roading enthusiasts.”

“Wheel Pros has historically demonstrated its ability to enter new adjacent product categories both organically and through acquisition, and then drive accelerated growth in these new categories,” added Dilshat Erkin, Senior Vice President at Clearlake. “We are eager to welcome TeraFlex to the Wheel Pros organization and to execute on its proven playbook in the attractive enthusiast suspension and shock segments.”

You May Also Like

GSP Announces July New Products

The company has released 162 ADVANTEDGE Loaded Struts, 26 Wheel Hub Assemblies and 4 PrePressed Wheel Hub Assemblies.

GSP-Announces-July-New-Products

GSP North America announced the release of several new products for July.

The company has introduced 162 ADVANTEDGE Loaded Struts, 26 Wheel Hub Assemblies and 4 PrePressed Wheel Hub Assemblies.

All new products are in stock and ready to ship, according to GSP.

US Motor Works: From Pumps to Powerhouse

Driven by a relentless focus on quality and operational excellence, US Motor Works has evolved into a leader in cooling and fuel systems.

US Motor Works
Standard Motor Products Adds 186 New Numbers in June

SMP said emission control is one of several engine system categories that see continued expansion.

Standard-Motor-Products-Adds-186-New-Numbers-in-June
Valvoline Releases Corporate Social Responsibility Report

The report highlights Valvoline’s fiscal year 2023 people, safety, environmental and innovation initiatives.

Valvoline-corporate-social-respon-report
HELLA PAGID Launches Semi-Metallic Brake Pad Line

The new brake pad line “delivers exceptional performance while maintaining the highest standards of safety and reliability, the company said.

Hella-Pagid-brake-pads
Other Posts
NDN Inc. Joins VIPAR Heavy Duty

Co-owned by husband-and-wife team James and Natalie Tabet, NDN Inc. operates Filters & Friction in Grand Junction, Colorado, and Bubble City Truck Stop in Farmington, New Mexico.

VIPAR hold semi-annual meeting
SMP to Acquire European Supplier Nissens Automotive

The transaction is expected to be complete in the second half of 2024.

Distribution Mergers and Acquisitions Lessons Learned

Mike Buzzard, managing partner at Schwartz Advisors, highlighted the unique dynamics of family-owned businesses in the automotive aftermarket, drawing from his personal experience.

SchwartzReport_Buzzard_Mergers_1400x700 copy
Lumileds Introduces Xperion 3000 LED Light

The Under Bonnet LED light offers up to 1,200 lumens and articulating LED lightbars to direct the beam where it’s needed.

Lumileds-Releases-Xperion-3000-Under-Bonnet-LED-Light