BBB Industries, LLC, a leading sustainable manufacturer serving automotive, industrial, energy storage, and solar markets, backed by Clearlake Capital Group, L.P., announced today that it has acquired Hydraulex, a provider of critical, need-it-now hydraulic solutions serving the industrial aftermarket. Terms of the deal were not announced.
This strategic acquisition marks an important milestone in BBB’s journey as it further expands the company’s offerings into an array of industrial markets. Hydraulex’s history of providing repair and remanufacturing of aftermarket hydraulic components for both mobile and fixed applications aligns with BBB’s commitment to sustainable manufacturing in support of efficient resource management and reduced total cost of ownership.
“We are thrilled to welcome Hydraulex into the BBB enterprise,” said Duncan Gillis, CEO of BBB. “This acquisition opens opportunities to provide our customers with additional product and service options. Our goal is to continue to spread the power of sustainable manufacturing at scale to deliver even greater value to our customers, and we are excited about the opportunities that lie ahead.”
“The acquisition of Hydraulex is an exciting development for BBB as we build upon the company’s foundation in sustainable manufacturing and expand into adjacent industrial end-markets,” said José E. Feliciano, Co-Founder and Managing Partner, and Colin Leonard, Partner and Managing Director, at Clearlake.
“This acquisition, our second since partnering with Duncan and the BBB team last year, represents our O.P.S. framework in action as we pursue accelerated growth through both organic initiatives and strategic M&A,” added Ben Kruger, Senior Vice President at Clearlake.
With a four-decade legacy of manufacturing excellence, Hydraulex‘s products power critical equipment spanning across infrastructure, industrial, construction, agriculture, mining, on-highway and marine equipment end-markets.
SOURCE: PRNewswire