News

Boca Raton, Florida, January 21, 2024 – Burnout Brands, a Hidden Harbor Capital Partners (HHCP) portfolio company that is a manufacturer and distributor of performance automotive aftermarket brands, today announced the purchase of D&J Precision Machine, LLC (D&J), a renowned provider of high-quality precision machining services.

Founded in 2009, D&J Precision Machine has built a strong reputation for its exceptional craftsmanship, cutting-edge technology and customer-centric approach. Specializing in building Cummins long blocks, heads and accessories, D&J Precision Machine’s work spans everything from re-manufacturing daily driver engines to crafting full billet race engines. By combining their expertise, BD Diesel, Monster Transmission and D&J aim to enhance production capabilities, expand service offerings and reinforce their position as leaders in the manufacturing industry.

“The partnership with D&J Precision Machine represents an exciting new chapter for Burnout Brands,” said Christian Roth, CEO of Burnout Brands. “Their legacy of precision, innovation and reliability aligns perfectly with our mission to deliver unparalleled value to our customers. Together, we are well-positioned to tackle complex challenges and drive growth in new and existing markets.”

“Partnering with Burnout Brands is a tremendous opportunity for D&J Precision Machine,” said Drew Pumphrey, Founder of D&J Precision Machine. “We are excited to be working together to continue to provide our customers the best products and support in the market. We look forward to improved logistics to better service our customers and dealer network, along with the vision and resources to continue to grow D&J Precision Machine as a leader in the Cummins market.”

Hart Marx Advisors served as financial advisor and Kilpatrick Townsend & Stockton LLP served as legal advisor to HHCP.

About Burnout Brands

Burnout Brands is a leading manufacturer and distributor of performance automotive aftermarket brands. For more information, visit websites for Monster Transmission (www.monstertransmission.com) and BD Diesel (https://us.bddiesel.com/).

About Hidden Harbor Capital Partners

Hidden Harbor Capital Partners is a private equity firm which helps create business success stories by building teams focused on execution.  We believe that great companies are built on a strong group of people as their foundation, and that businesses succeed when they are intensely focused on executing a small set of well-defined objectives.  Hidden Harbor currently has assets under management of over $1.9 billion and is investing out of its third fund, an $825 million vehicle. To learn more, visit (www.hh-cp.com) and our page on LinkedIn.

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 our website. (www.hartmarxadvisors.com)

For the first time, Hart Marx Advisors will be attending DealMAX, presented by ACG, on April 7-9, 2025 at the Aria Resort and Casino in Las Vegas.

DealMAX is the premier middle market M&A conference with nearly 1,000 private equity professionals and over 3,100 M&A professionals. The entire middle market community comes together at DealMAX to understand trends, track emerging technology, and of course, networking.

Both Chris Bovis and Tom Marx will be attending the 2025 DealMAX event representing our current mandates and offering a preview of our pipeline.

To book an in-person meeting, please reach out to:

Tom Marx
tmarx@hartmarxadvisors.com
415-601-1787

Chris Bovis
cbovis@hartmarxadvisors.com
785-764-6248

DealMAX (formerly InterGrowth) is presented by the Association for Capital Growth, ACG.  ACG has supported the middle market mergers and acquisitions community since 1954 and operates in 61 local markets.

TheHart Marx Advisors team will again be attending MEMA’s Vision Conference on April 2, 2025, at the Loews Chicago O’Hare Hotel. The MEMA Vision Conference is one of the key events of the automotive aftermarket industry calendar.

The Vision Conference offers a collaborative platform for industry leaders to discuss the innovations and trends that will shape the future of the automotive industry and aftermarket.

Tom Marx, Chris Bovis and John Nodson will all attend the conference to support clients and colleagues across all segments of the aftermarket.

To book a meeting, please reach out to:

Tom Marx
tmarx@hartmarxadvisors.com
415-601-1787

Chris Bovis
cbovis@hartmarxadvisors.com
785-764-6248

John Nodson
jhnodson@hartmarxadvisors.com
914-482-0683

Additional information regarding the MEMA Vision Conference can be found here.

SANTA CLARA, CA – December 18, 2024 – Hart Marx Advisors has announced that it has facilitated a partnership between Commercial Truck and Trailer Parts (CTTP), a national distributor of aftermarket parts for the U.S. heavy-duty truck industries, and Fleet Services, a leading regional distributor of heavy-duty parts and service provider, to expand the CTTP Family of Companies and provide a physical footprint in the Southern California region.

Founded in 1966, Fleet Services has over 60 years of outstanding customer service and offers a broad selection of aftermarket products across more than 400 brands from four separate locations in Anaheim, San Bernardino, San Diego and Ventura. Fleet Services Inc. will continue to serve as one of the premier aftermarket distributors in Southern California through its continued dedication to service in conjunction with additional sourcing capabilities and intermodal expertise that CTTP provides. Fleet Services will now offer the full line of Road Warrior Parts, intermodal chassis and container parts along with their current product offering enabling access to high-quality products at a competitive price point.

“We are thrilled about the partnership with Fleet Services, by expanding our physical footprint we can continue to expand our customer base by providing faster local deliveries and enhanced service to the Southern California market thanks to the phenomenal track record and knowledge that the Fleet Services team has built over the last 60 years,” said Jason Reeher, President and CEO of CTTP.

“Selecting a partner that would steward the Fleet Services brand by maintaining our exceptional focus on quality while also providing the resources to help the business grow was a very intentional and thoughtful process,” said Dick Van Eck, CEO of Fleet Services Inc. “We could not be more excited to partner with CTTP and Sope Creek Capital for the journey ahead. Our shared commitment to people, service and growth is a recipe for success.”

“When we bring businesses together, we work hard to ensure our client finds the right partner, and we could not be more confident that Fleet Services, CTTP and Sope Creek are the right partners to build a leading national aftermarket heavy-duty distribution platform,” said Tom Marx, Founder of Hart Marx Advisors.

Financing for this transaction was provided by Sope Creek Capital, Plexus Capital and Georgia Banking Company. Hart Marx Advisors advised Fleet Services Inc. through the transaction. Fleet Services will remain a member of the VIPAR Heavy Duty network.

Image Download (print): https://bit.ly/4fjXMFq 

Image Download (digital): https://bit.ly/4gFUCg7

About Commercial Truck and Trailer Parts

Originally formed in 2003 and reincorporated in 2019, the Company has a long track record of distributing truck and trailer parts in the independent heavy-duty aftermarket channel. CTTP carries over 350+ nationally recognized brands and serves a diverse customer base across multiple industries including intermodal, freight and shipping, distribution, leasing services, repair services, and OEM manufacturers.

About Fleet Services

Founded in 1966, Fleet Services has a been a mainstay in the Anaheim market since its founding and has expanded into San Berardino, Ventura and San Diego over time. The Van Eck family founded the business with a focus on repair, and over 6 decades and three generations the business has grown into a leading regional distributor of heavy-duty parts and service provider in Southern California serving an expansive customer base across repair shop, transportation, utility, municipal and construction end-markets. (www.fleetservicesinc.com)

About Sope Creek Capital

Sope Creek Capital, an Atlanta-based family office and founded by logistics veteran Kevin Nolan, is focused on providing buyout, growth and venture capital to industry-leading companies and entrepreneurs within the transportation, distribution and logistics space. Sope Creek Capital has a proven, industry-focused model designed to build distinctive companies within the supply chain ecosystem. (www.sopecreekcap.com)

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 our website. (www.hartmarxadvisors.com)

For media inquiries, contact:

Chris Bovis
cbovis@hartmarxadvisors.com

• 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.

Image Download (print): https://bit.ly/4c7dfrh 

Image Download (digital): https://bit.ly/4e41hjV

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

ATLANTA – June 28, 2022 – TNT Parts is has announced that it has added D&J Supply, Inc. in Lithonia, Georgia to its team through an acquisition. As a family owned and operated business for over 45 years in east Atlanta, D&J brings a wealth of knowledge in the aftermarket heavy-duty truck parts industry combined with a talented team delivering exceptional customer service.

“We are thrilled to have a company of the quality of D&J join TNT Parts,” said Dale Herold, CEO of Tidewater Fleet Supply / TNT Parts. “Our continued goal is to be the customer’s first choice as the best provider for their heavy-duty truck and trailer and equipment parts needs. We are committed to exploring new ways to better serve our customers today and in the future. Partnering with D&J allows us to increase the number of customers we can reach and also positions us to take care of their other aftermarket parts needs.”

Jeff Schubach and Dan Schubach, Presidents of D&J Supply Inc. said, “we chose to join Tidewater Fleet Supply / TNT Parts because of their company culture. How they care for their employees and how they care for their customers was a perfect fit for us.”

D&J Supply joining TNT Parts brings together two highly rated, honest and reputable local companies who care, and are perfectly positioned to support the needs of truck fleets and individual operators and repair shops in the Atlanta metro area. Both companies are, and remain, a part of VIPAR Heavy Duty, North America’s leading network of independent aftermarket truck parts distributors.

The purchase of D&J Supply, Inc. by TNT Parts 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.

About Tidewater Fleet Supply & TNT Parts

Tidewater Fleet Supply (dba Tidewater Fleet Supply and TNT Parts) is a leading Southeastern independent wholesale distributor of heavy- and medium-duty aftermarket truck, trailer and equipment parts serving 4,000+ commercial and municipal customers through 14 locations across VA, GA, NC, SC, and FL.  The Company also services municipalities and government customers through dedicated facilities.  With an emphasis on customer service, extensive parts knowledge, training, and inventory, Tidewater Fleet Supply develops and supports deep relationships with its customers and suppliers.

Tidewater Fleet Supply www.tidewaterfleetsupply.com & TNT Parts www.tntpartsinc.com are a part of the Falcon Affiliates family of companies. For more information on Falcon Affiliates visit www.falconaffiliates.com.

• Wheeler brings over 32 years of experience to the Hart Marx Advisors team
• Demonstrated history of success and growth across the automotive aftermarket, OE and performance sectors
• New role will focus on business development, customer outreach and buy/sell transaction support
• Addition of Wheeler and updated roles for other team members support the firm’s future growth goals

Hart Marx Advisors, the premier boutique automotive industry merger and acquisition (M&A) advisory firm is pleased to announce Tim Wheeler has joined as partner.

Wheeler brings more than 32 years of automotive industry experience to his new role, which will focus on business development, customer outreach and stewardship of M&A transactions on both the buy and sell side.

Throughout his career, Wheeler has been involved with a variety of mergers, acquisitions and implementations, and brings with him an integral understanding of the process and importance of a company being able to reach its growth or divestiture goals.

“We are excited to expand the Hart Marx Advisors team. Tim’s skillset and experience make him an exceptionally well-rounded addition,” said Tom Marx, founding partner, Hart Marx Advisors. “His depth of knowledge across a variety of sectors and personal experience with mergers and acquisitions throughout his career give him a unique and invaluable understanding, which will be incredibly valuable to our clients as he guides them through the M&A process.”

Prior to joining Hart Marx Advisors, Wheeler most recently served as vice president, sales, for WELD Racing, LLC, working specifically in the OEM and special markets division where he significantly grew the earnings of various programs. Wheeler also held positions at ROUSH Performance as vice president, sales and marketing, and Delphi Product and Service Solutions, working in a variety of senior roles, including vice president, sales, North America.

“I am excited to join an established, automotive focused firm like Hart Marx Advisors,” said Wheeler. “Throughout my career, I’ve been focused on building strategic value and partnerships and I look forward to putting this experience to work for our clients.”

Wheeler began his career at Federal-Mogul, where he started in sales and customer service operations. He became the organization’s first eBusiness director, leading digital business development strategies across the North American aftermarket.

Wheeler received his bachelor’s degree in business administration from Hope College in Holland, Michigan and executive MBA from the Richard DeVos Business School at Northwood University in Midland, Michigan. He was also awarded Delphi’s “Excellence Award for Emerging Leaders” during his time with the company.

The addition of Wheeler to the Hart Marx Advisors team is part of a strategic restructuring of the firm to support future growth goals. This restructuring also includes the transition of Chris Bovis to managing partner, Tom Marx to founding partner and Devin Hart to executive vice president of finance. Wheeler purchased all of Hart’s member interest when joining the firm, and Hart will continue to be active with the organization consulting on matters of finance, accounting, business administration and due diligence on client projects.