Genstar capital’s Acquisition of BBB Industries

Genstar was advised by UBS Investment Bank and Latham & Watkins LLP in connection with the transaction. Schulte Advises Pamplona Capital Management in the sale.

Genstar Capital, a leading private equity firm focused on investments in targeted segments of the industrial technology, healthcare, financial services, and software industries, today announced the acquisition of BBB Industries, LLC, an industry leader in the automotive aftermarket.

BBB supplies non-discretionary replacement parts in the North American automotive aftermarket, primarily focused on the do-it-for-me (“DIFM”) light vehicle aftermarket and serves vehicle owners, professional technicians and franchised dealers. BBB Industries has a broad product offering, including starters, alternators, hydraulic steering, brake calipers, electric power assisted steering (“EPAS”) and turbochargers. Its 30,000+ SKUs are sold through warehouse distributors, retail outlets, and OEM service organizations. Founded in 1987, the company is based in Daphne, AL.

The Schulte team that represented Pamplona was led by M&A and securities partner Michael Gilligan (Picture) and associate Audra Dowless. The team also included M&A and securities associates Matthew Greenberg and Christian Bonser; tax partner Dan Kusnetz and associate Philip Cooke; employment & employee benefits partner Ian Levin and associate Adam Gartner; finance partner Antonio Diaz-Albertini; litigation partner William Gussman and associate Pamela Serranzana; real estate partner Julian Wise and associates Daniel Aires and Brock Jacobi; intellectual property, sourcing & technology special counsel Scott Kareff; environmental partner Howard Epstein, special counsel Theodore Keyes and associate Valerie Sheaffer; and antitrust special counsel Gregory Kinzelman.

Involved fees earner: Michael Gilligan – Schulte Roth & Zabel; Audra Dowless – Schulte Roth & Zabel; Matthew Greenberg – Schulte Roth & Zabel; Christian Bonser – Schulte Roth & Zabel; Dan Kusnetz – Schulte Roth & Zabel; Philip Cooke – Schulte Roth & Zabel; Ian Levin – Schulte Roth & Zabel; Adam Gartner – Schulte Roth & Zabel; Antonio Diaz-Albertini – Schulte Roth & Zabel; William Gussman jr. – Schulte Roth & Zabel; Pamela Serranzana – Schulte Roth & Zabel; Julian Wise – Schulte Roth & Zabel; Daniel Aires – Schulte Roth & Zabel; Brock Jacobi – Schulte Roth & Zabel; Scott Kareff – Schulte Roth & Zabel; Howard Epstein – Schulte Roth & Zabel; Theodore Keyes – Schulte Roth & Zabel; Valerie Sheaffer – Schulte Roth & Zabel; Gregory Kinzelman – Schulte Roth & Zabel;

Law Firms: Schulte Roth & Zabel;

Clients: Pamplona Capital Management; Pampa Capital Management, LLP;

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Author: Ambrogio Visconti