Clearlake Capital Acquires Majority Stake in WhiteStar Asset Management

WhiteStar (Clearlake) Acquires Carlson Capital's Cathedral Lake CLOs

April 1, 2022

Financial Services

WhiteStar Asset Management, the CLO and structured products arm of Clearlake Capital, has acquired the management rights to five reinvesting Cathedral Lake CLOs from Carlson CLO Advisers, a subsidiary of Carlson Capital. The acquisition—effective March 31, 2022—adds more than $2.0 billion of CLO assets and brings WhiteStar's CLO AUM to roughly $12 billion, strengthening its credit and CLO platform.

Sunstone Partners Acquires Majority Stake in Clearwater

September 30, 2025

Cybersecurity

Sunstone Partners, a growth-oriented private equity firm, has acquired majority ownership of Clearwater from Altaris, LLC and other existing shareholders. The investment will support Clearwater’s expansion of managed security, consulting, and software capabilities across the healthcare ecosystem and the defense industrial base (via its Redspin division).

Clearlake Capital Acquires BBB Industries from Genstar Capital

July 28, 2022

Manufacturing

Clearlake Capital Group has acquired a majority stake in BBB Industries, a sustainable manufacturer of automotive, industrial and renewable energy parts, with Genstar Capital retaining a minority investment and BBB management staying on. The transaction positions Clearlake to expand BBB's platform and capabilities — including its TerrePower division focused on upcycling EV batteries and renewable energy — to drive further growth across automotive and broader industrial and energy end markets.

Claure Group Acquires Minority Stake in Brightstar Capital Partners

May 11, 2023

Financial Services

Claure Group has acquired a non-control, minority equity stake in Brightstar Capital Partners, a New York-based middle-market private equity firm led by founder and CEO Andrew Weinberg. The investment establishes a strategic partnership to support Brightstar’s scaling and growth initiatives; Brightstar’s portfolio companies employ roughly 19,000 people with combined EBITDA of about $600 million.

Bluespring Wealth Partners Acquires SilverStar Wealth Management and Merges It into LifeBridge Financial Group

June 10, 2025

Financial Services

Bluespring Wealth Partners acquired Kestra-affiliated SilverStar Wealth Management and merged the firm into its existing Bluespring partner, LifeBridge Financial Group. The combined teams will oversee $1.4 billion in AUM and aim to strengthen their Texas presence and client service capabilities with support from Kestra Financial.

Genstar Capital Acquires Majority Stake in Blue Star Sports

April 10, 2017

Cloud & SaaS

Genstar Capital has made a majority equity investment in Blue Star Sports to fund strategic acquisitions and accelerate the company's organic growth. Blue Star Sports — a Frisco, Texas–based provider of sports management software and payment solutions — will continue to have material ownership by founder Rob Wechsler, the Jerry Jones family, and Providence Strategic Growth while using the new capital to expand in North America and internationally.