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Announced

Completed

Clearlake Capital-backed Wheel Pros completed the acquisition of throtl.

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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Private

Majority

Domestic

Completed

Friendly

Single Bidder

automotive

E-commerce

Private Equity

United States

Acquisition

Synopsis

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Clearlake Capital-backed Wheel Pros, a designer, manufacturer and distributor of proprietary branded aftermarket vehicle enhancements for light trucks, SUVs, passenger cars and ATVs/UTVs, completed the acquisition of throtl, an aftermarket e-commerce platform for automotive and off-roading enthusiasts. Financial terms were not disclosed. "throtl has built an incredible digital destination for automotive enthusiasts with an innovative approach of utilizing content to drive commerce. We look forward to working with Rick, Evan and Erol to scale our combined business and continue to grow our digital enterprise for the automotive aftermarket," Randy White, Wheel Pros Founder and CEO.

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