Sheppard Mullin represented MHT Luxury Wheels on the deal
The combined company will operate under the Wheel Pros name and offer 22 highly complementary brands, approximately 1,400 styles, and 15,000 SKUs. As part of the transaction, MHT shareholders have invested in the combined company and Art Hale, Jr., Founder and CEO of MHT, continues to be involved in product design and operations and is a member of the board of directors of the combined company. Jody Groce and Randy White, Co-Founders of Wheel Pros, will continue to serve as co-CEOs of the combined company. Wheel Pros is backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”), a leading private investment firm. Financial terms of the transaction are not being disclosed.
Founded in the 1990s by Mr. Hale, MHT became one of the dominant players in the aftermarket wheel industry due to its cutting edge designs. Led by Fuel Off-Road, MHT’s brands serve off-road light truck, street, tuner / racing, luxury, and power sports vehicles. The combined company is headquartered in Greenwood Village, Colorado, and will leverage its expansive distribution network to provide best-in-class service to its customers with next-day shipping to a majority of the U.S.
Sheppard Mullin represented MHT Luxury Wheels with a team led by partners Stephanie Zeppa (Picture) and Larry Braun, included partners Frank Dworak, Steve O’Neil, Leo Caseria, Michael Chan, Greg Schick, and Jeff Kaye; special counsel Jason Kearnaghan; and associates Jon Freedman, John Crisp, Omar Hashim, and Paris Rebeil.
Involved fees earner: Lawrence Braun – Sheppard Mullin; Leo Caseria – Sheppard Mullin; Michael Chan – Sheppard Mullin; John Crisp – Sheppard Mullin; Frank Dworak – Sheppard Mullin; Jon Freedman – Sheppard Mullin; Omar Hashim – Sheppard Mullin; Jeffrey Kaye – Sheppard Mullin; Jason Kearnaghan – Sheppard Mullin; Stephen O’Neil – Sheppard Mullin; Paris Rebeil – Sheppard Mullin; Gregory Schick – Sheppard Mullin; Stephanie Zeppa – Sheppard Mullin;
Law Firms: Sheppard Mullin;
Clients: MHT Luxury Wheels Inc.;