Acquiring Company
Clearlake Capital
Acquired Company
Throtl
Description
Wheel Pros, a designer, manufacturer and distributor of proprietary branded aftermarket vehicle enhancements for light trucks, SUVs, passenger cars and ATVs/UTVs backed by Clearlake Capital Group, L.P. (together with its affiliates, "Clearlake") and in partnership with management, today announced it has acquired throtl, an aftermarket e-commerce platform for automotive and off-roading enthusiasts. throtl's Rick Beckerman, Co-Founder and CEO, Evan Beckerman, Co-Founder and COO, and Erol Erturk, Co-Founder and CTO, will remain with the combined company. Financial terms of the transaction were not disclosed.
Quick answer
Clearlake Capital is acquiring Throtl, announced January 6, 2022.
- How much did Clearlake Capital pay for Throtl?
- The deal value was not disclosed.
- What does Clearlake Capital do?
- Clearlake Capital Group, L.P. and Francisco Partners are global private equity firms with a strong track record of investing in growing software platforms.
- Who are the decision-makers at Clearlake Capital?
- Fundz holds 1 contact at Clearlake Capital. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Throtl?
Throtl was acquired by Clearlake Capital. The deal was reported on January 6, 2022. Clearlake Capital Group, L.P. and Francisco Partners are global private equity firms with a strong track record of investing in growing software platforms. Clearlake Capital is privately held and operates in Financial Services.
When did Clearlake Capital acquire Throtl?
Clearlake Capital's acquisition of Throtl was reported on January 6, 2022. Wheel Pros, a designer, manufacturer and distributor of proprietary branded aftermarket vehicle enhancements for light trucks, SUVs, passenger cars and ATVs/UTVs backed by Clearlake Capital Group, L.P. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Throtl do?
throtl is a one-stop-shop for auto enthusiasts. Reaching millions of people through a library of digital content carefully curated by throtl's automotive influencers, the Company is injecting a spark into the aftermarket automotive industry. It is privately held, operating in Software.
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