CHICAGO--(BUSINESS WIRE)--GE Antares Capital today announced it served as administrative agent for a senior secured credit facility in support of the recapitalization of BBB Industries, LLC, recently completed by Windjammer Capital Investors and the senior executives of BBB Industries. GE Capital Markets served as sole lead arranger.
BBB is a leading supplier of remanufactured and new starters and alternators for the automotive, light truck, and heavy-duty vehicle aftermarket. The company is headquartered in Mobile, Alabama and operates through a network of nine distribution facilities in the U.S. and its low-cost manufacturing facility in Reynosa, Mexico. The company has a long-term history of providing high levels of customer service, excellent on-time delivery, industry-leading quality while maintaining a full line of products. BBB has over 1,100 employees and serves a diverse customer base of warehouse distributors, independent automotive parts retailers, and big-box automotive parts retailers
"The Company is a market leader in the rotating electrical parts aftermarket, and is recognized for its quality and service," said Dan Barry, a Senior Managing Director of GE Antares. "We are pleased to once again support Windjammer, as well as the outstanding management team at BBB as they continue to successfully grow and strengthen their position in the market."
Derek Watson, Principal of Windjammer said, "We appreciate GE Antares' support and responsiveness on the BBB financing. It demonstrates their ongoing commitment to working with Windjammer and BBB's management team."
About Windjammer Capital Investors
Windjammer Capital Investors, with offices in Newport Beach, California and Waltham, Massachusetts, is a national private investment firm that makes control and non-control investments in leading middle market businesses in partnership with management. Founded in 1990, WCI manages institutional funds totaling over $1.2 billion of capital and is currently investing its latest fund of $575 million that it raised in 2006. In its history, WCI has closed on portfolio company investments with an aggregate value exceeding $7 billion. For more information, please visit the firm's web site at www.windjammercapital.com.
About GE Antares Capital
GE Antares Capital is a unit of GE Commercial Finance - Global Sponsor Finance. With over $8 billion in assets, and offices in Chicago, London, Los Angeles, New York, and San Francisco, GE Antares offers a "one-stop" source for GE's lending and other services offered to middle market private equity sponsors. For more information, visit the GE Antares website at www.geantares.com.
About GE Commercial Finance
GE Commercial Finance, which offers businesses around the globe an array of financial products and services, has assets of over $233 billion and is headquartered in Norwalk Connecticut. GE (NYSE: GE) is Imagination at Work -- a diversified technology, media and financial services company focused on solving some of the world's toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and advanced materials, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit the company's website at www.ge.com.
Contacts GE Commercial Finance, Norwalk
Ned Reynolds, 203-229-5717
[email protected]
Jeff Wilson
GE Capital Corporate Finance
[email protected]
1-203-749-6340