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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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Nov, 2014 - Windjammer Exits Investment in BBB Industries


Windjammer Capital Investors ("Windjammer") is pleased to announce it has sold BBB Industries, LLC ("BBB" or the "Company") to Pamplona Capital Management, LLP ("Pamplona").  Terms of the transaction were not disclosed.

 
Founded in 1987 and headquartered in Mobile, Alabama, BBB is a leading manufacturer of application specific automotive aftermarket parts for the North American market.  In June 2007, Windjammer partnered with the BBB management team to acquire BBB.  During Windjammer's ownership period, the BBB management team has created significant growth through acquisitions, the expansion of new distribution channels and new product development.


Derek Watson, Managing Director of Windjammer, commented, "BBB's management team has done a wonderful job.  The business has grown dramatically during our ownership and has become a leading automotive aftermarket supplier.  The key to the Company's success has been its unrelenting corporate culture of supporting the goals and growth of its customers.  BBB is well positioned to continue on its growth trajectory with the support of Pamplona."


Joe Felicelli, CEO of BBB, commented, "We are very appreciative for the guidance provided by Windjammer over the years.  Their commitment to understanding the dynamics of our business and the financial support to help fund growth brings us to this point in our development.  Without them we would not be in the situation we are today; ready to embark on the next stage in the growth of our Company and our people."


Don Bigler, Chairman and Co-Founder of BBB, added, "We would not have grown our company to the status it is today without the financial help and encouragement from the Windjammer people.  They are a great partner."

 

Harris Williams & Co. acted as the financial advisor to BBB, and Kirkland & Ellis LLP provided legal counsel.

 


ABOUT BBB INDUSTRIES


BBB Industries, LLC is an industry leader in the remanufacturing of alternators and starters to the automotive, medium and heavy-duty truck, industrial, agriculture, small engine and other markets. The Company's undercar division remanufactures power steering products for the automotive original equipment manufacturers and aftermarkets. In addition, the company remanufactures brake calipers for automotive, light duty and medium duty applications. Headquartered in Mobile, Alabama, BBB Industries is committed to producing products with the right fit, at the right price and at the right time. BBB Industries supplies superior-quality products through a network of more than 1,000 dealer locations. Additional information is available at www.bbbind.com.


ABOUT WINDJAMMER CAPITAL INVESTORS


Windjammer Capital Investors, 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, Windjammer's institutional funds total roughly $2.0 billion of capital. Windjammer is currently investing out of its Windjammer Senior Equity Fund IV with capital commitments in excess of $725 million.

 

If you have any questions related to this transaction, please contact Derek Watson (949-720-4201).

"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