GunBroker.com Makes Plans for Continued Growth
With Formation of TVP Investments, LLC
ATLANTA, Ga. – -(AmmoLand.com)- Triton Value Partners and GB Investments recently announced the formation of TVP Investments, LLC to provide executive management, strategic direction and corporate development to its subsidiaries GunBroker.com® and other related companies.
GunBroker.com founder Steve Urvan has assumed the role of chairman of TVP Investments. Paul Freischlag and Don Gasgarth, managing directors of Triton Value Partners, have been appointed to the Board of Directors. Rounding out the executive management team is Jeff Zwitter, managing director of Triton Value Partners.
In addition to his role as CEO and chairman, Urvan will be heavily involved in new business development and emerging technologies. Freischlag will focus on capital formation as well as financial, administrative and control issues while assisting with new business development. Gasgarth and Zwitter will focus on capital formation and corporate development.
The executive team will also identify and execute on business extensions, strategic investments and acquisition opportunities. TVP Investments’ strategy is to partner with and invest in companies where its robust technology platform, large and growing Internet community, extensive network and capital resources can dramatically improve operating results and drive enterprise value.
“I have worked closely with my partners at Triton Value Partners for over four years, and I am excited to take this next logical step with our relationship to create growth opportunities in my core business, as well as develop new opportunities that leverage our collective talents and relationships,” Urvan said. “Given the past successes and expertise of Paul, Don, Jeff and the Triton Value Partners team, I feel fortunate to have assembled a marquee executive management team in one transaction.”
Paul H. Freischlag, Jr., managing director of Triton Value Partners, commented, “Steve has been a great partner and advisor to Triton Value Partners. His insight, judgment and technological expertise will be a significant factor in the success of TVP Investments, LLC. We are excited to expand our already close relationship to leverage the combined resources of GB Investments and Triton Value Partners into one entity.”
About GB Investments, LLC and GunBroker.com
GB Investments was formerly the parent company of GunBroker.com, the world’s largest online auction of firearms and accessories. According to HitWise, GunBroker.com is among the top three most-visited auction sites on the Internet and Quantcast ranks GunBroker.com among the top 2000 Web sites of any kind. GunBroker.com offers the gun and hunting enthusiast a large selection of quality firearms and accessories in a state-of-the-art, user-friendly and secure Internet auction environment. GunBroker.com promotes responsible gun ownership. Aside from merchandise bearing its logo, GunBroker.com sells none of the items listed on its Web site. Third-party sellers list items on the site and Federal and state laws govern the sale of firearms and other restricted items. Ownership policies and regulations are followed using licensed firearms dealers as transfer agents. For more information about GunBroker.com visit www.GunBroker.com.
About Triton Value Partners
Triton Value Partners is an Atlanta-based private equity and strategic advisory firm focused on maximizing enterprise value for company owners. Triton’s team of partners boasts an average of twenty-five years of experience as corporate executives, business owners and professional investors. The firm draws upon this wealth of experience to provide a full range of strategic advisory services including operational optimization, business development and capital markets. Triton’s client service approach leverages its partners’ functional expertise and industry skills to maximize the strength of each client’s organization and infrastructure. For more information, visit www.tritonvp.com.
It is hard to image Gun-broker maintaining a growth pattern, their management teachings are very poor. I have been a member of Gun-broker for over 20 years, they were a good company for many years. Then they became nit picky and establish many rules and procedures that I felt unnecessary, that looked lick they were made by people who had little or no training and knowledge about guns. Recent requests by me to help group produced silly and armature reply’s. Then the methods of listing and time a bid could remain changed, and re-list was required at an additional cost.… Read more »