Capstone Financial Group, an investment banking firm specializing in the automotive industry, has announced the sale of Gorilla Automotive Products of Los Angeles, CA, North America’s leading seller of aftermarket lug nuts and wheel locks. Gorilla’s acquirer was Wheel Pros, a platform company of Clearlake Capital Group, a Santa Monica, CA-based private equity firm.
Gorilla began production in 1975 and has prospered for more than 40 years because of its relentless focus on product quality, selection and delivery. Its lines of lug nuts, hub covers, wheel locks, hub centric rings and accessories are sold through a variety of channels, including wheel and tire distributors, warehouse distributors and car dealers. Peter Schermer, president of Gorilla, called the companies a “great fit,” and the transaction epitomizes the consolidation continuing in the tire and wheel industry, particularly in relation to the recent alliances among some of the major tire manufacturers.
Capstone, based in San Jose, CA, has provided key guidance to the automotive industry since 1990, with a focus on the aftermarket and the burgeoning autonomous/connected vehicle space. The firm had six personnel on this deal team, including Carl Norman, the firm’s Managing Director, and Deborah Bjorklund, an outside consultant and well-known tire and wheel industry expert who continues to source other related transactions for Capstone.
For more information, please contact:
Keli D. Thompson | VP Administration
Capstone Financial Group, Inc.
6203 San Ignacio Avenue, Suite 110
San Jose, CA 95119