Harris Williams & Co. Advises BBB Industries, LLC on its Pending Sale to Pamplona Capital Management

September 11, 2014

Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide, announces the pending sale of BBB Industries, LLC (BBB), a portfolio company of Windjammer Capital Investors (Windjammer), to Pamplona Capital Management (Pamplona). BBB is a world-class manufacturer and distributor to the North American vehicle aftermarket, primarily for rotating electrical, brake and power steering products.  The transaction, which is expected to close in 2014 and is subject to customary closing conditions, is being led by Chris Williams, Joe Conner, John Arendale, Jershon Jones, Chip Duggins, Brooks Hopple and Jay Beekman from Harris Williams & Co.’s Richmond office.

“BBB’s management team has done an exceptional job building the company into a leading provider to the automotive aftermarket in North America,” said Joe Conner, managing director in Harris Williams & Co.’s Transportation & Logistics (T&L) Group. “With an unrelenting focus on quality, technology, and service, management continues to find new ways to add value and support its customers' needs. This proposition continues to drive success for the company in the market.”

“This is the second time we have had the pleasure of working with BBB. With the expansion of both its product line and distribution channels, the company continues to find avenues for growth in the market. Windjammer has been a thoughtful partner to management at each step along the way and we appreciated the opportunity to help with such an important transaction for everyone involved,” added Chris Williams, managing director at Harris Williams & Co.

“BBB marks another successful transaction in the automotive aftermarket for Harris Williams & Co. Pamplona will be a great partner for BBB as the company continues executing its vision for the future,” said John Arendale, managing director at Harris Williams & Co. “Working with organizations like BBB has allowed our firm to continue to be one of the most active firms in the sector.” 

BBB, headquartered in Mobile, AL, is a world-class manufacturer and distributor to the North American vehicle aftermarket. The company’s unique platform provides non-discretionary and application-specific aftermarket replacement parts, primarily remanufactured starters, alternators, brake calipers and power steering products. BBB's manufacturing footprint in the United States and Mexico allows the company to generate best in class products, while its extensive distribution network allows the company to serve customers throughout North America.

Windjammer Capital Investors, with offices in Newport Beach, CA and Waltham, MA, is a national private investment firm that makes control and non-control investments in leading middle market businesses in partnership with management. Founded in 1990, Windjammer's institutional funds total roughly $2 billion of capital. Windjammer is currently investing out of its Windjammer Senior Equity Fund IV with capital commitments in excess of $725 million.

Pamplona Capital Management is a global specialist investment firm with offices in London and New York. Pamplona provides an alternative investment platform across private equity, fund of hedge funds and single manager hedge fund investments and has over $10 billion in assets under management. Pamplona is currently investing out of its fourth private equity fund, Pamplona Capital Partners IV LP, which was raised in June 2014.

Harris Williams & Co. (www.harriswilliams.com), a member of The PNC Financial Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank focused on the advisory needs of clients worldwide.  The firm has deep industry knowledge, global transaction expertise and an unwavering commitment to excellence.  Harris Williams & Co. provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.

Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is authorised and regulated by the Financial Conduct Authority.  Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.