Aftermarket wheel designer, marketer and distributor Wheel Pros has a new owner. The US-based company, previously the property of Audax Private Equity, has been sold to Clearlake Capital Group for an undisclosed sum. With its acquisition of Wheel Pros Holdings, LLC, Clearlake Capital Group takes on a company that serves over 10,000 retailers through its network of 33 distribution centres in North America and Australia, supplying them a portfolio of 12 proprietary brands and more than 300 custom wheel styles.
Investment firm Audax Group has acquired Wheel Pros, LLC from Platinum Equity. Headquartered in Denver, Colorado, Wheel Pros is a leading designer, marketer, and distributor of branded aftermarket wheels. The company also distributes performance tyres and accessories. Founded in 1995 with two distribution centres, the company today carries proprietary, leading brands that are recognized across all major vehicle segments and are sold through a national footprint of 25 distribution centres and internationally.