PE Deals

Clearlake buys manufacturer BBB Industries from Genstar

Duncan Gillis, CEO of BBB, will contine to lead the company.

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  • Founded in 1987, BBB Industries is headquartered in Daphne, Alabama
  • Clearlake Capital Group’s core target sectors are industrials, technology, and consumer
  • Clearlake currently has over $72 billion of assets under management

Clearlake Capital Group has acquired BBB Industries LLC, a maker of automotive, industrial, energy storage, and solar parts, from Genstar Capital. No financial terms were disclosed.

Duncan Gillis, CEO of BBB, will continue to lead the company supported by the existing management team.

“Today marks an exciting new chapter for BBB,” said Gillis, in a statement. “Over the past decade we have identified and invested in opportunities to deliver sustainable manufacturing solutions to our core automotive end-markets and the broader industrial and renewable energy markets. We remain optimistic about the market potential across all these end-markets and are eager to partner with Clearlake as we enter our next phase of growth.”

Founded in 1987, BBB Industries is headquartered in Daphne, Alabama.

Founded in 2006, Clearlake Capital Group’s core target sectors are industrials, technology, and consumer. Clearlake currently has over $72 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. The firm is headquartered in Santa Monica, California.