DuraBrake Secures Investment for Growth

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DuraBrake, a leading provider of brake and wheel-end components for heavy-duty commercial vehicles, announced a significant investment from Tiger Lily Holdings. The Shroff family will retain meaningful equity and continue to lead DuraBrake’s senior team. This partnership aims to accelerate DuraBrake’s growth, enhance product offerings, and expand into new markets.

Key Highlights

  • Investment by Tiger Lily Holdings: Aimed at accelerating growth and enhancing product development.
  • Continued Leadership by Shroff Family: The existing ownership group will maintain significant equity and leadership roles.
  • Strategic Growth Plans: Focus on new products, market expansion, and potential acquisitions.
  • Facilitated by Hart Marx Advisors: Premier consulting firm in automotive and heavy-duty industry M&A.

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 strong position in key market segments, recognized for its innovation, product development, and industry-leading quality. For over 25 years, DuraBrake has built strong brand recognition. Scott Cullerton, Managing Member at Tiger Lily, stated, “We see the opportunity to support the continued expansion of the business through growth in new products and serving new geographies. We will also be opportunistic in further expediting growth through strategic acquisitions.”

The investment was facilitated by Hart Marx Advisors, a boutique consulting firm specializing in mergers and acquisitions (M&A) within the automotive and heavy-duty industries. The financial terms of the purchase were not disclosed.

About Tiger Lily

Tiger Lily Holdings is an independent investment firm focusing on partnering with exceptional small businesses. Based in the San Francisco Bay Area, Tiger Lily helps owners with succession planning, driving growth, and building on existing legacies. The firm is led by Scott Cullerton, who has over 20 years of experience as an equity and credit investor.

About DuraBrake

DuraBrake provides aftermarket brake drums, rotors, hubs, and calipers for medium and heavy-duty commercial vehicles. Known for consistent quality, innovative design, and reliable short lead-time product availability, DuraBrake excels in producing specialty, custom, and OEM-discontinued replacement parts. The company is headquartered in Santa Clara, CA, and distributes to customers throughout the US and Canada.

About Hart Marx Advisors

Hart Marx Advisors is a premier boutique consulting firm assisting buyers and sellers in the automotive and heavy-duty industries with M&A, divestitures, and strategic planning. The firm has offices in San Rafael, CA; Eagle, ID; Kansas City, MO; Bloomfield Hills, MI; Dallas, TX; and London, UK, specializing in lower to middle market business transactions. For more information, visit www.hartmarxadvisors.com.

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The Brake Report

The BRAKE Report is an online media platform dedicated to the automotive and commercial vehicle brake segments. Our mission is to provide the global brake community with the latest news & headlines from around the industry.