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Windjammer Capital Investors has been awarded "Middle Market Firm of the Year: North America" in two consecutive years, 2011 and 2012, by DealMakers Monthly magazine.

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Jun, 2007 - Windjammer Annnounces the Recapitalization of BBB Industries


Windjammer Capital Investors (WCI) and the senior executives of BBB Industries, LLC (BBB) have completed the recapitalization of BBB. Terms of the transaction were not disclosed.

BBB (www.bbbind.com), known for its high-quality products and superior customer service, is a leading supplier of remanufactured and new starters and alternators for the automotive, light truck, and heavy-duty vehicle aftermarket. The company is headquartered in Mobile, Alabama and operates through a network of nine distribution facilities in the U.S. and its low-cost manufacturing facility in Reynosa, Mexico. The company has a long-term history of providing high levels of customer service, excellent on-time delivery, industry-leading quality while maintaining a full line of products. BBB has over 1,100 employees and serves a diverse customer base of warehouse distributors, independent automotive parts retailers, and big-box automotive parts retailers.

Derek Watson, Principal of WCI, said "BBB Industries stands well ahead of its competitors in the rotating electrical parts aftermarket. Its focus on quality and service has translated into consistently strong growth and we expect to provide additional resources and capital to support BBB in continuing this growth."

Don Bigler, CEO of BBB, said "Growing companies like ours need progressive capital partners like Windjammer to help fuel our expansion. They understood the intricacies of our business quickly. Windjammer's experience and strategic guidance will be invaluable to us as we continue to expand our product offering and our geographic reach, both organically and through acquisition."

Jeff Miehe, Managing Director of WCI, said "BBB holds a leading market position, has a solid growth plan in place, and its management team has produced outstanding results. We're excited about the opportunity to partner with BBB management."

Details: On June 29, 2007, Windjammer and the senior executives of BBB completed the recapitalization of BBB. This transaction creates a strong and stable capital structure for BBB and supports the company's initiatives to expand its product offering, continue to improve its high levels of quality and customer service, and grow geographically. BBB has many of the characteristics that Windjammer seeks in its investments and the transaction is an ideal fit for Windjammer's strategy of investing in niche-oriented, market-leading companies in partnership with outstanding managers.

Windjammer Capital Investors (www.windjammercapital.com), with offices in Newport Beach, California and Waltham, Massachusetts, is a national private investment firm that makes control and non-control investments in leading middle market businesses in partnership with management. Founded in 1990, WCI manages institutional funds totaling over $1.2 billion of capital and is currently investing its latest fund of $575 million which it raised in 2006. In its history, WCI has closed on portfolio company investments with an aggregate value exceeding $7 billion.

"We were very fortunate to have Windjammer as our partner. Their expertise in working with niche-oriented, leading companies in the middle market, as well as their strategic guidance and resources were valuable to us as we expanded the business."



Dale Schulz, CEO
ST Specialty Foods