Tiger Peak Capital has acquired a majority of Voice Comm. Financial terms weren’t announced. Rockwave Capital and Seven Shores invested along with company management. Voice Comm, of Pennsauken, New Jersey, is a supply chain manager for mobile device accessories. McGuireWoods served as legal advisers to Tiger Peak. Rush Street Capital advised on debt financing and CohnReznick LLP was the firm’s accounting and tax advisor.
NEW YORK, NY, September 10, 2018 – Tiger Peak Capital (“Tiger Peak”), a New York-based private equity firm that invests in the North American lower middle-market, today announced it has acquired a majority stake in Voice Comm, a national leader in supply chain management services for the mobile device accessories industry. Tiger Peak led the investment in partnership with management and Tiger Peak’s equity investors, including Rockwave Capital and Seven Shores. Terms of the transaction were not disclosed.
Voice Comm is a premier supply chain manager for mobile device accessories for the North American market. Founded in 2001 and based in Pennsauken, New Jersey, the company provides supply chain management services to over 10,000 locations across North America. Products supplied by Voice Comm are compatible with those of major manufacturers such as Apple, Samsung, and Google, and work with Bluetooth and other universally usable systems. Voice Comm’s customers include wireless carriers operating their own outlets, independent dealers and operators, repair facilities, and specialty outlets.
This marks the second institutional investment for Tiger Peak, which was founded in 2016 and is led by industry veteran Haran Narulla. In 2017, Tiger Peak led an investment in a specialty home healthcare company which caters to patients with terminal illnesses.
Mr. Narulla, Managing Partner at Tiger Peak, said, “Tiger Peak has a specific mandate to invest in market leading businesses that are looking for financial, operational and strategic support as they continue their growth trajectories, and we are pleased to welcome Voice Comm to our growing portfolio. Voice Comm has a very strong franchise and is critical to its customers’ and vendors’ supply chains. We are thrilled to be a part of the explosive growth in the mobile technology ecosystem through Voice Comm, and we believe that ongoing device evolution will continue to drive growth in the overall telecom market.”
Representatives from management, Tiger Peak, Rockwave and Seven Shores will join Voice Comm’s Board of Directors.
Voice Comm’s management team, led by CEO Derek Weiss, will remain with the company under its new owner. Mr. Weiss said, “We are pleased to be working with the Tiger Peak team as we begin our next phase of growth. Tiger Peak’s capital will fuel our expansion into new markets through organic build-out as well as acquisitions. Even more importantly, we will benefit from the firm’s tremendous operating and industry expertise as we chart our future.”
McGuireWoods served as legal advisors to Tiger Peak. Rush Street Capital advised on debt financing and CohnReznick LLP was the firm’s accounting and tax advisor.
About Voice Comm Voice Comm is the premier mobile accessory distributor for the North American market. Founded in 2001 and based in Pennsauken, New Jersey, the company provides supply chain management services to approximately 10,000 locations around the U.S. and Canada. Voice Comm’s customers include wireless carriers operating their own outlets, independent dealers and operators, repair facilities, and specialty outlets. Visit www.myvoicecomm.com for more information.
About Tiger Peak Capital
Tiger Peak Capital is a New York-based private equity firm focused on investing in market leading, lower middle market companies in North America. Tiger Peak invests in businesses and situations where the backgrounds, experiences, and networks of its Partners can create additional value. The firm provides flexible capital, creative solutions, in-house operating expertise, familiarity with regulated industries, and comfort with organized labor to help build extraordinary businesses both organically and through acquisitions. Tiger Peak invests in industrial, manufacturing, business services, aerospace and defense, federal services, healthcare, and other regulated industries. Visit www.tigerpeakcapital.com for more information.