April 10, 2017
Prophet Equity II LP Announces Acquisition of Derby Fabricating
LOUISVILLE, KY - Prophet Equity II LP announced today that on March 31st it acquired Derby Fabricating Solutions ("Derby" or the "Company"). Headquartered in Louisville, KY with manufacturing locations in La Vergne, TN, Sidney, OH and Cadiz, KY, Derby is one of the largest tier 1 and tier 2 automotive manufacturers of noise, vibration and harshness abatement components, as well as acoustic insulation and other components that reduce automobile interior noise levels.
"The entire Derby management team is excited about our new partnership with Prophet Equity," said Derby President and COO Jason Kellams. "Prophet Equity's data-driven approach aligns perfectly with Derby's culture of safety and continuous improvement as we continue to capitalize on growth opportunities."
"Derby is ideally positioned to be the go-to supplier of components to improve the quiet cabin experience," commented Brian Hegi, Managing Director at Prophet Equity. "As voice recognition technologies evolve alongside vehicle lightweighting trends, the demand for Derby's capabilities will continue to grow. We look forward to partnering with Jason, Derby's senior leadership team, and longtime board members, Shawn Sullivan and Alan Loyd, to support Derby's strategic plan."
"Given the growing consumer demand for a quiet interior experience, Derby is positioned to outperform the automotive market through all phases of the automotive cycle," said Greg Balliro, Senior Vice President at Prophet Equity.
Charles Collie, Managing Director - Leveraged Finance of Prophet Equity, remarked, "We are also excited to bring Prophet Equity's long term automotive financing partnerships to Derby, which will provide liquidity and flexibility to support Derby's growth."
ABOUT DERBY FABRICATING SOLUTIONS
Founded in 1977 and headquartered in Louisville, Kentucky, Derby Fabricating Solutions is a leading manufacturer of die cut nonmetallic materials for automotive applications. Derby's goal is to be their customers' best supplier. They achieve this goal by emphasizing quality, delivery, innovative service and total cost management. Derby personnel have the technical knowledge to help customers select the most cost effective materials for their application. Their wide variety of processing methods and ability to quickly turn both prototypes and production tooling in-house allow responsiveness faster than the competition. Derby Fabricating Solutions was among the first in their industry to achieve TS 16949 Certification. Their continuous improvement programs are aimed at always exceeding the customer's quality expectations.