Clearlake Capital Acquires BBB Industries from Genstar Capital

BBB Industries (Clearlake-backed) Acquires All Star Auto Parts from Atlantic Street Capital

August 20, 2024

Automotive

BBB Industries, a Clearlake-backed sustainable manufacturer, has acquired All Star Auto Parts, a remanufacturer and distributor of automotive lights and wheels headquartered in Orlando, Florida. The deal, completed in August 2024, was an add-on acquisition to strengthen BBB's electronics and aftermarket product offering; terms were not disclosed. Atlantic Street Capital sold All Star after partnering with the company since 2019.

BBB Industries Acquires Hydraulex

July 17, 2023

Industrial Services

BBB Industries, backed by Clearlake Capital, has acquired Hydraulex, a provider of repair and remanufacturing hydraulic solutions for the industrial aftermarket. The add-on expands BBB's sustainable manufacturing and service capabilities across industrial end-markets including infrastructure, construction, agriculture, mining and on-highway/marine equipment; terms were not disclosed.

Clearlake and Blackstone Invest in Diligent Corporation

August 5, 2020

Cloud & SaaS

Diligent Corporation, a provider of governance, risk and compliance (GRC) SaaS solutions, received an increased investment from Clearlake Capital and a new investment from funds managed by Blackstone Tactical Opportunities. The capital will support Diligent's continued product development, international expansion and customer adoption; terms were not disclosed.

Clearlake Capital Acquires Majority Stake in WhiteStar Asset Management

June 24, 2020

Financial Services

Clearlake Capital Group has acquired a majority stake in WhiteStar Asset Management from Pine Brook Capital Partners, partnering with WhiteStar's management team led by CEO Gibran Mahmud. The deal expands Clearlake's credit platform—bringing combined assets under management to approximately $24 billion—and positions WhiteStar to accelerate growth in CLOs and credit strategies.

Clearlake Capital Acquires Pretium Packaging from Genstar Capital

January 15, 2020

Packaging

Clearlake Capital Group, in partnership with Pretium management, has acquired Pretium Packaging from Genstar Capital. Pretium is a leading North American designer and manufacturer of rigid plastic packaging (containers, bottles, closures) headquartered in Chesterfield, Missouri, with a national footprint of 19 facilities; financial terms were not disclosed. Clearlake intends to operate Pretium as a buy-and-build platform to drive organic growth and pursue add-on acquisitions.

BBB Industries Acquires Certain Assets of Garner Automotive Products

April 3, 2005

Automotive

BBB Industries, a U.S. remanufacturer of replacement alternators and starters, has acquired certain assets of Garner Automotive Products, which operates locations in Memphis and Lexington, Tennessee. The transaction — terms not disclosed — brings Garner's president Chris Garner into BBB as vice president of sales (special markets) and is intended to expand BBB's national footprint and market leadership.