Under the agreement, affiliates of Clearlake Capital Group L.P. will assume majority ownership of the company.
Upon closing the transaction later this year, Clearlake will become majority shareholder of BBB.
This strategic acquisition expands Wheel Pros’ suspension and performance shock product offerings.
Strategic acquisition strengthens Wheel Pros’ digital platform for automotive enthusiasts.
This is Wheel Pros’ second deal within the last 10 days; announced acquisition of Driven Lighting Group on Aug. 25.
Strategic acquisition provides entry into attractive aftermarket lighting category supported by strong digital presence.
The acquisition bolsters Wheel Pros’ luxury and off-road offerings.
The acquisition expands Wheel Pros’ offerings with new styles and brand.
Headquartered in Windsor, Ontario, IXS operates two divisions, Ground Effects and IXS Coatings.
Wheel Pros is a designer, marketer and distributor of branded automotive aftermarket wheels, performance tires and accessories.