Clearlake Capital completed the acquisition of a majority stake in BBB Industries from Genstar Capital.

Clearlake Capital, an investment firm, completed the acquisition of a majority stake in BBB Industries, a manufacturer of starters, alternators, hydraulic and air disc brake calipers, hydraulic and electronic power steering products and turbochargers, from Genstar Capital, a private equity firm. Financial terms are not disclosed. "Clearlake continues to see attractive opportunities arising from a targeted approach to ESG-focused investing. Our desire to partner with BBB is driven by the opportunity to combine this thematic-based approach with our experience in the automotive aftermarket. BBB is poised to benefit from its leadership position in its core automotive markets as well as the market tailwinds within the renewable energy ecosystems that the Company has begun addressing through TerrePower. We see an exciting runway for future growth through continued investment in these capabilities," José E. Feliciano, Clearlake Co-Founder and Managing Partner and Colin Leonard, Clearlake Partner and Managing Director.