Announced
Financials
Tags
United States
Domestic
Acquisition
Pending
digital design
Private
Private Equity
Friendly
Auto Services
Majority
automotive lightning business
Single Bidder
Synopsis
Clearlake Capital-backed Wheel Pros, a manufacturer and distributor of vehicle enhancements, agreed to acquire Driven Lighting Group, a designer and online retailer of automotive lighting products from Kian Capital, a private equity firm. Financial terms are not disclosed. "We are thrilled to welcome DLG, its talented employees and customers to the Wheel Pros family. We're impressed with DLG's rapid growth and strong market position with brands like Morimoto and online properties like The Retrofit Source and Headlight Revolution," Randy White, Wheel Pros Co-Founder and CEO.
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