BB&T Capital Markets Serves as Financial Advisor to Driven Performance Brands, a Portfolio Company of Dubin Clark & Company, in Its Sale to Sentinel Capital Partners
On September 10, 2015, Dubin Clark & Company, Inc., (“Dubin Clark”), a leading middle market private equity firm, completed the sale of Driven Performance Brands, Inc. (“DPB”) to Sentinel Capital Partners, L.L.C., (“Sentinel”). BB&T Capital Markets served as financial advisor to DPB.
The transaction represents the 6th completed deal in the performance and enthusiast segment of the automotive aftermarket since 2013 for BB&T Capital Markets.
About the Companies
Headquartered in Santa Rosa, CA, DPB is a leading marketer and supplier of drivetrain, exhaust, and tuning parts to the performance automotive aftermarket. The Company’s portfolio of iconic brands includes B&M Racing, Hurst, Hurst Driveline Conversions, Flowmaster, and Dinan Engineering. DPB’s comprehensive product portfolio includes shifters, drivetrain accessories, manual transmissions, clutches & flywheels, mufflers, exhaust kits, tuning and engine performance parts, and other performance aftermarket parts and components. The Company’s products are popular among automotive enthusiasts and owners of professional racecars, American late model performance cars, muscle cars, light duty trucks, and performance BMWs. DPB operates manufacturing, engineering, and research & development facilities in California and Idaho.
Dubin Clark & Company, Inc. is a private investment firm headquartered in Greenwich, Connecticut with a 30-year history of investing in control-position transactions, middle-market buyouts, and building businesses in partnership with the management teams of its portfolio companies. Best known for building CompUSA from a two-store operation into a multibillion-dollar national chain, Dubin Clark has a national reputation for helping successful middle-market companies reach new levels of sales and earnings. The organization has a philosophy of maintaining each company's values, independence, and culture and building on what has already been achieved.
Sentinel Capital Partners specializes in buying and building middle market companies in the United States and Canada in partnership with management. The firm targets aerospace and defense, business services, consumer, distribution, food and restaurants, franchising, healthcare, and industrial businesses. Sentinel invests in management buyouts, recapitalizations, corporate divestitures, and going-private transactions of established businesses with EBITDA of up to $40 million. The firm also invests in special situations, including balance sheet restructurings, and operational turnarounds. Sentinel is headquartered in New York, New York.
BB&T Capital Markets is the leading investment bank to the automotive aftermarket. We provide unparalleled industry expertise and transaction execution throughout the entire aftermarket channel - from suppliers and distributors to retailers and professional installers - in every segment of the $300 billion industry.
About BB&T Capital Markets
BB&T Capital Markets offers an integrated platform of equity and debt underwriting, M&A advisory, corporate banking, and sales and trading. Headquartered in Richmond, VA, with offices throughout the US, we have specific expertise within 10 distinct industry verticals including Automotive Aftermarket; Commercial & Industrial; Education; Energy; Financial Services; Food & Agribusiness; Healthcare; Logistics & Transportation Services; Real Estate; and Retail & Consumer. Our commitment to industry expertise, combined with our resources as one of the nation's strongest financial institutions, strategically positions BB&T Capital Markets to build lasting relationships and contribute measurably to the long-term success of our clients.