• Tiger Lily Holdings to support DuraBrake’s future growth and transformation
• Existing Shroff family ownership group will remain meaningful equity owners and continue to comprise the DuraBrake senior leadership team
SANTA CLARA, CA – June 4, 2024 – DuraBrake, a leading provider of brake and wheel-end components for heavy duty commercial vehicles, has announced that Tiger Lily Holdings has made a significant investment in the company. The existing Shroff family ownership group will remain meaningful equity owners and continue to comprise the DuraBrake senior leadership team.
DuraBrake’s Neil Shroff commented, “We are excited to partner with Tiger Lily. We believe its investment philosophy aligns well with DuraBrake’s long-term strategy, and will allow us to accelerate our growth plans, continue to invest in new products and markets and improve our value proposition to customers and partners.”
DuraBrake has a leading position in key market segments, with a history of innovation, product development and industry leading quality. For over 25 years DuraBrake has worked to build strong brand recognition. “We see the opportunity to support the continued expansion of the business through growth in new products and serving new geographies” said Scott Cullerton, Managing Member at Tiger Lily. “We will also be opportunistic in further expediting growth through strategic acquisitions.”
The investment in DuraBrake by Tiger Lily was facilitated by Hart Marx Advisors, the premier boutique consulting firm that assists buyers and sellers exclusively within the automotive and heavy-duty industries with mergers and acquisitions (M&A), divestitures and strategic planning. The financial terms of the purchase were not disclosed.
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About Tiger Lily
Tiger Lily (www.tigerlilyholdings.com) is a leading independent investment firm focused on being a durable partner to exceptional small businesses. Based in the San Francisco Bay Area, Tiger Lily partners with owners to resolve succession planning, drive growth and build on existing legacies. Tiger Lily is led by Scott Cullerton who brings over 20 years of experience as an equity and credit investor.
About DuraBrake
DuraBrake (www.durabrake.com) is a leading provider of aftermarket brake drums, rotors, hubs, and calipers for medium and heavy-duty commercial vehicles. DuraBrake’s differentiated customer service is based on consistent quality, innovative design, reliable short lead-time product availability and a unique ability to produce specialty, custom, and OEM-discontinued replacement parts. DuraBrake, is headquartered in Santa Clara, CA and distributes to customers throughout the US and Canada.
About Hart Marx Advisors
Hart Marx Advisors is the premier boutique consulting firm that assists buyers and sellers exclusively within the automotive and heavy-duty industries with mergers and acquisitions (M&A), divestitures, and strategic planning. Hart Marx Advisors provides buyers and/or sellers with a full range of services, including M&A strategy, planning, investigation, buyer/seller identification, negotiations, due diligence support and integration. With locations in San Rafael, CA; Eagle, ID; Kansas City, MO, Bloomfield Hills, MI; Dallas, TX; and London, UK, Hart Marx Advisors specializes in lower to middle market business transactions. For more information on Hart Marx Advisors, visit www.hartmarxadvisors.com.
For media inquiries, contact:
Neil Shroff
neil@durabrake.com
Scott Cullerton
scott@tigerlilyholdings.com
For HMA PR inquiries, contact:
Chris Bovis
cbovis@hartmarxadvisors.com