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.
DealWatch™ Score
66
High M&A Activity
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M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed