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.”
