GORILLA COMMERCIAL VEHICLE HOLDINGS, INC. HAS ACQUIRED GORILLA BRAKE HOLDINGS
Birmingham, Michigan – July 30, 2019 – Angle Advisors is pleased to announce that Gorilla Commercial Vehicle Holdings, Inc. has acquired Gorilla Brake Holdings (“Gorilla” or the “Company”). Angle Advisors acted as the exclusive investment banking advisor to Gorilla in completing this transaction.
Based in Brantford, Ontario, Canada, with additional locations in Dallas, Texas and Salt Lake City, Utah, Gorilla is the largest independent provider of high-quality remanufactured brake shoes in the North American Commercial Truck market. Well-known across the industry for offering the broadest combination of remanufactured brake equipment and friction solutions, the Gorilla brand has long been recognized as the custom friction leader and continues to diversify into air disk brake services as the North American heavy truck industry adopts this technology.
Mr. Andre Lalonde, President of Gorilla commented, “We found the perfect partner for Gorilla as the Buyer’s engineering, design, and manufacturing expertise in OEM and aftermarket braking and ride control components complements our expertise and deep relationships in the heavy truck market, expands our product offering, and will further enhance our service and value to our customers.”
Craig Gordon, Vice President of Gorilla Commercial Vehicle Holdings, Inc. shared, “We have long admired how the Gorilla team services the heavy truck market by customizing solutions at the fleet level to increase safety and reduce operating costs and this acquisition furthers our commitment to braking and ride control systems and broadens our reach in the heavy duty market.”
Tony Urban, majority shareholder of Gorilla, added, “Along with Andre and my fellow shareholders, we would like to thank the team at Angle Advisors for their diligence and persistence in getting this deal done. They did an outstanding job of completing a comprehensive global sale process and found the right partner to achieve our goals. Their industry knowledge and relationships proved critical to making this a highly successful transaction.”
About Gorilla Brake Holdings
Gorilla is the largest independent brake shoe remanufacturer in North America, supplying new and coined remanufactured brake shoes and shoe kits along with air disk brake friction, components and overhauled calipers to Dealers and Wholesale Distributors. Gorilla is headquartered in Brantford, Ontario with additional locations in Dallas, Texas and Salt Lake City, Utah. For additional information, please visit www.gbandcinc.com.
About Gorilla Commercial Vehicle Holdings, Inc.
Gorilla Commercial Vehicle Holdings, Inc. is a privately held company, formed in 2019. The company focuses on being a localized partner with a complete product offering to deliver OEM level quality solutions for the commercial vehicle wheel end market across North America.
About Angle Advisors
Angle Advisors, with offices in the United States, Germany, and China, specializes in mergers and acquisitions and capital raising with a particular emphasis on the industrial and vehicular sectors. The firm’s professionals have completed 212 transactions since 2009 for multinational corporations, privately held companies, private equity funds, and public sector clients. For additional information, please visit www.angleadvisors.com.