AUSTIN, TX — Crushing Tigers, a southern U.S. authorized distributor of aggregate machinery and equipment, announces securing bank financing from a Denver-based bank and growth capital from Congruent Investment Partners, LLC (Congruent). Central Texas' most active middle market investment bank, Westlake Securities, served as the exclusive financial advisor.
Crushing Tigers is an authorized distributor for a number of global brands. In addition to providing equipment sales, leasing, and parts, the company also provides service and training.
The Austin-based company, formed in 2011, has been operating under the leadership of its founders, Brian Costello and Pat Doab, who have built the business from the ground up. Costello and Doab attribute much of the company's success to its "people-first" approach. Through the owners' vision, business model, and management, Crushing Tigers has attracted strategic investment partners such as a Denver-based bank and Dallas-based Congruent Investment Partners, LLC.
"We are pleased to have others share in our excitement and vision for the future of this business," Doab said. "We have an incredible Crushing Tigers community and are thrilled to have both the financial support and intellectual capital that the bank, Congruent, and Westlake bring to the table."
"We are excited about this partnership and see great potential for Crushing Tigers," said Congruent Managing Member, Preston Massey. "The high-quality OEM brands, strong management team, market leadership, and geographic footprint are very compelling. We are eager to partner with the Crushing Tigers team and Westlake Securities to help grow the equipment sale and rental business, as well as expansion into aftermarket services and other geographic territories."
Austin-Based Aggregate Dealer, Crushing Tigers, Secures $20M in Financing
