{"id":645037,"date":"2013-03-04T05:04:13","date_gmt":"2013-03-04T10:04:13","guid":{"rendered":"http:\/\/www.pehub.com\/?p=189044"},"modified":"2013-03-04T05:04:13","modified_gmt":"2013-03-04T10:04:13","slug":"culbro-completes-minority-investment-in-tdbbs","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/645037","title":{"rendered":"Culbro Completes Minority Investment in TDBBS"},"content":{"rendered":"

TDBBS<\/strong>, a Richmond, VA-based manufacturer and marketer of all natural dog treats and chews, has completed a minority investment by Culbro<\/strong>, a family-controlled private equity firm based in New York City. Terms were not disclosed.<\/p>\n

PRESS RELEASE<\/strong><\/p>\n

TDBBS, LLC, a Richmond, VA-based manufacturer and marketer of all natural
\ndog treats and chews, announced the completion of a minority investment by Culbro, LLC, a family-controlled
\nprivate equity firm based in New York City. The transaction closed on February 28, 2013; terms were not
\ndisclosed.
\nFounded by Avrum and Lauren Elmakis in 2007, TDBBS has achieved extraordinary growth since inception and
\nwas ranked #384 in Inc. Magazine\u2019s 2012 \u201cInc. 500\u201d ranking of the nation\u2019s fastest-growing private companies.
\nTDBBS specializes in bully sticks, elk antlers, and other natural, high protein dog chews that are highly digestible
\nand are becoming increasingly popular among dog owners across the U.S. and abroad. In addition to bully sticks,
\nthe company also offers a wide variety of complementary all natural dog treats and chews to consumers through its
\nproprietary ecommerce sites and also through other retail channels.
\nCulbro, LLC was formed in 2005 as the private equity investment vehicle of the Cullman family and is presently
\nmanaged by members of that family. Among numerous successful businesses it has owned, the Cullman family
\nowned and operated General Cigar Holdings, Inc., the largest premium cigar company in the U.S. with prestigious
\nbrands such as Macanudo and Partagas, for over forty years before selling the company in 2005. The principals of
\nCulbro have significant operating and investing experience across a number of industries, with a particular focus on
\nconsumer products companies.
\nAvrum Elmakis, Founder and CEO of TDBBS, said, \u201cI am very excited to partner with Culbro. The knowledge
\nand first-hand experience that the Culbro team has through its development of a world-class consumer products
\ncompany like General Cigar will be invaluable to TDBBS as we seek to capitalize on the many exciting growth
\nopportunities in the pet industry. This transaction will enable TDBBS to accelerate our growth at an even greater
\npace due to the resources, guidance and access to capital that Culbro brings.\u201d
\n\u201cIn a relatively short time span TDBBS has established itself as a leader in the dynamic pet products industry by
\nproviding pet owners with innovative products that are all natural, great-tasting and healthy for their pets,\u201d said
\nEdgar Cullman, Jr., Managing Member of Culbro, \u201cWe are looking forward to working with Avrum and the rest of
\nthe TDBBS team to continue to build upon their success to date.\u201d
\nDavid Danziger, Managing Member of Culbro, said, \u201cAvrum and his team have done an extraordinary job building
\na successful business with a number of attributes that we look for when making an investment, including a strong
\nleadership team, loyal customer relationships and sustainable competitive advantages. The fact that TDBBS
\noperates in an industry that is expanding so rapidly makes this investment even more compelling for Culbro.\u201d
\nMarriott & Co. acted as exclusive financial advisor to TDBBS on this transaction. Williams Mullen provided legal
\nadvice to TDBBS, and Gunster provided legal advice to Culbro on this transaction.
\nJustin Marriott, Managing Director of Marriott & Co. said, \u201cWe thoroughly enjoyed working with Avrum and the
\nrest of the TDBBS team on this important transaction. The cultural fit between TDBBS and Culbro was evident
\nthroughout this entire process, and I know that TDBBS is poised for great things under this new partnership.\u201d<\/p>\n

Added Mr. Elmakis, \u201cI can\u2019t thank the Marriott & Co. team enough for the amazing job they did throughout this
\nprocess. They managed an efficient and professional process to ensure that TDBBS found a private equity partner
\nthat truly understands our unique business model.\u201d
\nAbout TDBBS, LLC:
\nAbout Culbro, LLC:
\nContacts:
\nAvrum Elmakis CEO – TDBBS, LLC Phone: (804) 525-7169 avrum@tdbbsinc.com www.tdbbsllc.com
\nDavid Danziger Managing Member – Culbro, LLC Phone: (646) 461-9277 ddanziger@culbro.com www.culbro.com
\n###
\nHeadquartered in Richmond, VA, TDBBS, LLC is a leading manufacturer and marketer of premium pet related
\nproducts throughout the U.S. and abroad. TDBBS provides its loyal customer base with a diverse line of unique
\nproducts in the pet industry including all natural dog treats and chews. Among its product offerings are bully
\nsticks, which are all natural, high protein dog treats and chews that the company markets in a variety of shapes,
\nsizes and varieties. TDBBS sells its products to consumers through its ecommerce sites, and it has also developed
\nrelationships with some of the leading distributors and retailers across the U.S.
\nTDBBS was founded in 2007 and has achieved a triple-digit revenue growth rate since its inception. In Inc.
\nMagazine\u2019s 2012 \u201cInc. 500\u201d ranking of the fastest-growing private companies in the U.S., TDBBS was ranked
\n#384.
\nBased in New York, NY, Culbro, LLC (www.culbro.com) is the private equity investment vehicle of the Cullman
\nfamily and is presently managed by members of that family. Culbro primarily focuses on making equity
\ninvestments of $10 to $20 million in middle market companies across a variety of sectors, including branded
\nconsumer products, healthcare services, education products and services and other outsourced services including
\ninformation technology. The firm invests its partners\u2019 capital and is supported by a number of allied investors who
\noften invest alongside it, providing for flexible investment structures and time horizons. The Managing Members
\nof Culbro are former operating executives who seek to partner with strong existing management teams to help their
\ncompanies grow.
\nThe Cullman family has a rich history dating back to 1884 which includes owning and managing a number of
\nsuccessful companies, including General Cigar Holdings, Inc., the largest premium cigar manufacturer and
\nmarketer in the U.S. with prestigious brands including Macanudo and Partagas. Upon completing a sale of its
\ninterests in General Cigar to Swedish Match AB in 2005, the Cullman family created Culbro, LLC as its private
\nequity investment vehicle. In addition to its U.S. operations, Culbro invests in India through its associated
\ncompany, Helix Investments<\/p>\n

The post Culbro Completes Minority Investment in TDBBS<\/a> appeared first on peHUB<\/a>.<\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

TDBBS, a Richmond, VA-based manufacturer and marketer of all natural dog treats and chews, has completed a minority investment by Culbro, a family-controlled private equity firm based in New York City. Terms were not disclosed. PRESS RELEASE TDBBS, LLC, a Richmond, VA-based manufacturer and marketer of all natural dog treats and chews, announced the completion […]<\/p>\n","protected":false},"author":7476,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-645037","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/645037","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/7476"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=645037"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/645037\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=645037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=645037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=645037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}