Tide Rock Holdings ("Tide Rock"), a growth-oriented holding company of diverse, economically resilient B2B businesses, expands its Corporate Development department with the hiring of Bret Basilone, Director of Corporate Development.
SAN DIEGO, Sept. 15, 2022 /PRNewswire-PRWeb/ -- Tide Rock Holdings ("Tide Rock"), a growth-oriented holding company of diverse, economically resilient B2B businesses, expands its Corporate Development department with the hiring of Bret Basilone, Director of Corporate Development.
Along with Graham Banks, Vice President of Corporate Development, and the Corporate Development team, Basilone will be working with lower middle market founders and business owners, buy-side institutions, brokers, and investment bankers to identify acquisition opportunities for Tide Rock.
"Our team is paving the way for continued growth at Tide Rock. We have 13 platforms today and we expect to double that in another year. Our targeted efforts to provide business owners with a better option than classic leveraged private equity or strategic chop shops are working, and we look forward to having Bret on the team," said Banks.
Banks leads Tide Rock's corporate development efforts in the manufacturing and food industries, where he manages the firm's proprietary pipeline as well as relationships with intermediary deal sources. He brings significant deal experience and expertise from his time at Silicon Valley Bank ("SVB"), the global leader in early to late-stage tech venture funding. Prior to SVB, Banks was a former professional snowboarder, with nearly a decade of experience on the World Snowboard Tour. He earned his Bachelor of Science cum laude in Business Management from Westminster College, while training at the US Olympic Center of Excellence. Upon retirement from professional snowboarding, he obtained his MBA cum laude at the University of San Diego.
Basilone will lead efforts in Value-added Distribution and Business Services. Prior to Tide Rock, he was the Director of Strategy & Corporate Development at Driven Brands, Inc. (NASDAQ: DRVN), a publicly traded automotive services holding company based in Charlotte, North Carolina. He obtained his Bachelor of Business Administration at the University of Notre Dame Mendoza College of Business, where he played Varsity Baseball. Basilone began his career in Strategy and M&A at Galt & Company (acquired by AlixPartners) and Direct ChassisLink Inc.
Jeff Ackerman, COO of Tide Rock Holdings, adds, "Bret is a powerhouse and we are very excited to have him join Graham and our entire Corp Dev team to continue to expand our acquisition efforts through proprietary and intermediary sources. We deployed more than $200 million in capital during the last year and a half, closing eighteen transactions and we are on pace to close the year with similar growth."
Tide Rock is actively investing across manufacturing, distribution, and business service companies. To learn more about Tide Rock, please visit tiderockholdings.com.
ABOUT TIDE ROCK HOLDINGS
Tide Rock Holdings is a strategic holding company with a portfolio that comprises manufacturing, distribution, and services businesses. Headquartered in San Diego, California, it is managed by experienced operators and finance professionals with expertise in lower-middle market business-to-business companies. Tide Rock invests with a long-term perspective, limited use of debt, and a focus on accelerating growth through investment in people, processes, and resources. Visit tiderockholdings.com for more information.
Media Contact
Candice Marshall, Tide Rock Holdings, 1 6462460426, [email protected]
SOURCE Tide Rock Holdings
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