October 2, 2022

Vehicle Definition

Comfortable Vehicle

Wheel Pros acquiring Transamerican Auto Parts

Off-road and 4×4 solutions retailer 4 Wheel Sections operates 102 retail stores in the U.S. and 7 in Canada.

Greenwood-based Wheel Professionals, backed by equity company Clearlake Capital Team L.P., is a designer, manufacturer and distributor of proprietary branded aftermarket automobile sections for gentle vans, SUVs, passenger cars and trucks and ATVs/UTVs.

According Wheel Pros, Tap sells and installs its items by using wholesale and e-commerce.

“Faucet is a scaled participant in the aftermarket automotive industry, and the combination with Wheel Pros makes a vertically integrated omnichannel system that superior serves automotive and off-roading fanatics,” José E. Feliciano, co-rounder and taking care of lover, and Colin Leonard, companion, at Clearlake, said.

“Our final decision to divest Tap much better positions us to capitalize on increasing shopper desire and desire for our powersports offerings, although enabling Polaris to emphasis our time, individuals and resources on our core on-street, off-road and maritime firms, along with the sections, clothes and accessories manufacturers that support all those shoppers,” Polaris CEO Mike Speetzen reported.

The transaction is topic to customary closing ailments, the functions stated. Baird acted as monetary adviser to Polaris for the transaction. Kirkland & Ellis LLP served as authorized counsel to Wheel Execs and Clearlake.

In early April, Wheel Execs acquired TeraFlex Inc., a West Jordan, Utah-primarily based designer, company and distributor of off-roading aftermarket suspensions, shocks, and other factors.