Wheel Pros, LLC entered into a definitive agreement to acquire TAP Automotive Holdings, LLC from Polaris Inc. (NYSE:PII) for $50 million on June 13, 2022. The sale price, net of cash, debt, and other costs is estimated at $50 million. The transaction is expected to close early in the third quarter, subject to customary closing conditions.

Robert W. Baird & Co. Incorporated acted as financial advisor to Polaris Inc. Kirkland & Ellis LLP acted as legal advisor to Wheel Pros and Clearlake. Dotun O. Obadina and James P. Dougherty of Jones Day acted as legal advisor to Polaris Inc.