Aftermarket remanufacturer BBB Industries has been bought by Genstar Capital, a private equity firm.
BBB, which was founded in 1987, is based in Daphne, Ala. Genstar is based in San Francisco.
“BBB is an industry leader in the automotive aftermarket with a strong reputation for quality and manufacturing expertise. We believe we can partner with management to expand the product offerings for BBB’s customers through investments in new technologies, capacity expansions, and acquisitions in BBB’s current and adjacent markets,” said Rob Rutledge, Genstar’s managing director. “Genstar’s ability to move quickly and to provide growth capital will help to further enhance BBB’s market presence and build on its strong relationships with new and existing customers.”
“Because our products are mission critical to the operation of a vehicle, our key focus is to provide customers with quality, availability, breadth of SKUs, and service,” said Duncan Gillis, CEO of BBB Industries. “With Genstar’s expertise and history of successfully building companies like ours, we look forward to transforming our company and taking BBB Industries to the next level while continuing to provide our customers with the highest quality products. We very much look forward to this new partnership.”