Wheel Pros (the “Company”), a leading designer, manufacturer and distributor of proprietary branded aftermarket vehicle enhancements for light trucks, SUVs, passenger cars and ATVs/UTVs today announced that Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) raised new capital dedicated to fund the Company’s growth. Terms of the transaction were not disclosed.
Wheel Pros is a leading proprietary branded aftermarket custom wheel platform with a portfolio of iconic lifestyle brands and a rapidly expanding presence in broader vehicle enhancements. Since partnering with Clearlake in 2018, the Company has more than doubled revenue and quadrupled its earnings.
“We have achieved incredible growth in partnership with Clearlake over the past three years, more than doubling in size and establishing exciting new growth avenues, and we are very honored to have so many top-tier investors bring fresh capital to support our expansion,” said Randy White, Wheel Pros Co-founder and CEO.
Source: Cision PR Newswire
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