Special Situations/Distressed • Automotive

Resilience Capital Partners and Wynnchurch Capital Acquire BBi Enterprises

On December 1, 2005, private equity firms Resilience Capital Partners and Wynnchurch Capital acquired automotive company BBi Enterprises

Acquisition Context
  • This is Resilience Capital Partners’ 3rd and Wynnchurch Capital’s 3rd transaction in the Automotive sector.
  • This is Resilience Capital Partners’ 5th and Wynnchurch Capital’s 4th transaction in the United States.
  • This is Resilience Capital Partners’ 1st and Wynnchurch Capital’s 2nd transaction in Michigan.

Explore All 34 Special Situations/Distressed Automotive Deals - Search the Database Free


M&A Deal Summary

Date December 1, 2005
Target BBi Enterprises
Sector Automotive
Buyer(s) Resilience Capital Partners
Wynnchurch Capital
Deal Type Special Situations/Distressed

Target Company

BBi Enterprises

Bloomfield Hills, Michigan, United States
BBi Enterprises L.P. is a Tier I supplier of highly engineered acoustic barrier automotive components and systems including hood and dash insulators, firewall barriers and tank components.
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Buyers Overview 2

Buyer

Resilience Capital Partners

Cleveland, Ohio, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 675M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Resilience Capital Partners is a private equity firm focused on investing in lower middle-market underperforming and turnaround situations. Resilience targets non-core divisions or subsidiaries, companies with severe operational issues, businesses suffering from insufficient management focus, and privately held companies with lack of access to capital. Sectors of interest include niche manufacturing, specialty chemicals, and industrial services. Prospective companies are generally located in North America with $25 to $250 million in revenue, and EBITDA typically under $20 million. Resilience Capital Partners was formed in 2001 and is located in Cleveland, Ohio.


Deal Context for Buyer #
Overall 5 of 41
Sector: Automotive 3 of 8
Type: Special Situations/Distressed 2 of 4
State: Michigan 1 of 4
Country: United States 5 of 40
Year: 2005 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-22 AxleTech International Holdings

Oshkosh, Wisconsin, United States

AxleTech is a manufacturer and supplier of axles, axle components, planetary axles, brakes, and aftermarket parts for commercial specialty trucks, military vehicles, and off-highway machines used in construction, material handling, forestry, mining, and agricultural markets.

Sell $341M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-01 Air Enterprises

Akron, Ohio, United States

Air Enterprises is the global leader in designing, engineering, manufacturing and supporting air handling systems. The Company is focused on serving the most demanding and stringent air quality environments such as hospitals, pharmaceutical manufacturers, research laboratories, as well as various homeland security applications.

Sell -
Buyer

Wynnchurch Capital

Rosemont, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 9.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Wynnchurch Capital is a private equity firm focused on middle-market company investments in the US and Canada. Wynnchurch looks to commit $50 to $750 million of equity per platform. Sectors of interest include manufacturing, business services, logistics, energy and power services, and value-added distribution. Prospective transaction types include management buyouts, recapitalizations, corporate carve-outs, restructurings, turnarounds and growth capital situations. Wynnchurch Capital was formed in 1999 and is based in Rosemont, Illinois.


Deal Context for Buyer #
Overall 5 of 75
Sector: Automotive 3 of 12
Type: Special Situations/Distressed 1 of 5
State: Michigan 2 of 8
Country: United States 4 of 63
Year: 2005 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-22 AxleTech International Holdings

Oshkosh, Wisconsin, United States

AxleTech is a manufacturer and supplier of axles, axle components, planetary axles, brakes, and aftermarket parts for commercial specialty trucks, military vehicles, and off-highway machines used in construction, material handling, forestry, mining, and agricultural markets.

Sell $341M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-24 Calyx

Toronto, Ontario, Canada

Calyx is a provider of logistics and transportation services to the Canadian marketplace, including intermodal freight forwarding, international ocean/air freight forwarding, contract warehousing, dedicated truckload and LTL, as well as specialized LTL. Calyx was formed in 1999 and is based in Toronto, Ontario.

Buy -