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Announced

Wheel Pros to acquire Driven Lighting Group from Kian Capital.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Domestic

Acquisition

Pending

digital design

Private

Private Equity

Friendly

Auto Services

Majority

automotive lightning business

Single Bidder

Synopsis

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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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