XMS Capital Partners Serves as Financial Advisor to BBB Industries on Acquisition of Turbo Supply
April 27, 2018
Chicago, Illinois, April 10, 2018 — XMS Capital Partners, LLC (“XMS”), a global, independent financial services firm focused on providing M&A, corporate advisory and asset management services, announced that it served as the financial advisor to BBB Industries, LLC on the acquisition of substantially all of the assets of Turbo Supply, Inc. The transaction transfers all of Turbo Supply’s production and operation assets, intellectual property, inventory and brands to BBB Industries, LLC.
Founded in 1997, Turbo Supply, Inc. is a complete turbocharger source for all major markets. With a corporate office and state-of-the-art remanufacturing ISO 9001 certified facility located in Joplin, Missouri, along with branch offices in both Odessa and Houston Texas. The company provides turbochargers in both on- and off-road applications, such as over-the-road trucking, passenger cars, agriculture, natural gas compression and construction.
Tim Roth, BBB Industries Executive VP of Business Development commented: “Turbo Supply’s remanufacturing expertise and market understanding along with a proven ability of a talented team to provide high-quality products to a broad customer base is a natural complement to BBB”. BBB’s CEO Duncan Gillis, added “Both our companies value prioritizing customer satisfaction and quality products above all else. I am excited that we will be bringing added value to our existing and new customer relationships”.
Commenting on the acquisition, Kyle Thiessen, President – Turbo Supply, Inc. said “Since our founding, we have focused on being experts on new and remanufactured turbochargers, cartridges and components, making us the definitive choice. It’s rare that an opportunity comes along to combine forces with a like-minded company such as BBB Industries”. I look forward to the advances we will make in the industry as a combined company”.
BBB Industries, LLC was advised by XMS Capital Partners, LLC while Lewis Rice acted as legal counsel.
About XMS Capital Partners
XMS Capital Partners, established in 2006, is a global, independent financial services firm providing M&A, corporate advisory and asset management services to clients. It has offices in Chicago, London and Dublin.
XMS provides Involvement BankingTM, which goes beyond transaction oriented investment banking and focuses on delivering objective, value added advice and custom tailored solutions to help clients achieve their strategic goals. It consistently creates value for its clients by giving them access to comprehensive, independent M&A, strategic advisory, financial restructuring, capital structure advisory and private capital advisory expertise.
All XMS engagements are led by senior investment bankers who average over 25 years of industry experience. Importantly, the combination of their extensive experience, technical expertise and “client first” orientation has served as a solid foundation of the firm since its formation in 2006. XMS Capital Partners, LLC is a FINRA member and SIPC member. For more information, please visit www.xmscapital.com.
BBC Industries
BBB Industries, LLC is an industry leader in the remanufacturing of starters, alternators, hydraulic and air disc brake calipers, power steering products and turbochargers for the OEM, personal and commercial vehicle aftermarket industries. BBB takes pride in producing the highest quality products in the industry with exacting standards that apply to customer service, the manufacturing process, product installation and to the performance on the vehicle. Automated test fixtures test every unit manufactured by BBB to meet or exceed OE specifications. Founded in 1987, BBB Industries, LLC is a private company headquartered in Daphne, Alabama. Please see www.bbbind.com for more information.
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