BBB Industries, LLC, has acquired substantially all of the assets of Turbo Supply, Inc. The transaction transfers all of Turbo Supply’s production and operation assets, intellectual property, inventory and brands to BBB Industries, LLC.
Founded in 1997, Turbo Supply is a complete turbocharger source for all major markets. With a corporate office and state-of-the-art remanufacturing ISO 9001 certified facility located in Joplin, Mo., along with branch offices in both Odessa and Houston Texas. The company provides turbochargers in both on- and off-road applications, such as over-the-road trucking, passenger cars, agriculture, natural gas compression and construction, BBB Industries says.
“Turbo Supply’s remanufacturing expertise and market understanding along with a proven ability of a talented team to provide high-quality products to a broad customer base is a natural complement to BBB,” says Tim Roth, BBB Industries executive vice president of business development.
CEO Duncan Gillis adds, “Both our companies value prioritizing customer satisfaction and quality products above all else. I am excited that we will be bringing added value to our existing and new customer relationships.”
Kyle Thiessen, president at Turbo Supply, was equally positive in announcing the acquisition.
“Since our founding, we have focused on being experts on new and remanufactured turbochargers, cartridges and components, making us the definitive choice. It’s rare that an opportunity comes along to combine forces with a like-minded company such as BBB Industries,” he says. “I look forward to the advances we will make in the industry as a combined company”.
BBB Industries was advised by XMS Capital Partners while Lewis Rice acted as legal counsel, the company says.