DBB Acquisition LLC has completed its acquisition of Dura-Bond Bearing Co., a division of privately held Melling Engine Parts. Dura-Bond has been a manufacturer of cam bearings, bushings, valve seats and hardware for engine and transmission rebuilding since 1947. The company is based in Carson City, Nevada. Terms of the transaction were not disclosed.
Two managers – Charles J Barnett, president and Robert McBroom, chief operating officer – have partnered with The Brynavon Group Inc. to acquire the company. Brynavon is a private investment firm that specializes in partnering with management teams that want to acquire the company for which they work. Bynavon previously owned Dura-Bond for 14 years prior to being acquired by Melling.
“The Melling family made a decision to focus our resources into the Melling branded aftermarket product lines and OE pump operations. We are thrilled that the opportunity for management to participate in the ownership of Dura-Bond surfaced. We wish the entire DB team nothing but success,” said Mark Melling, CEO.
“This transaction continues the strategic focus in our core products within the engine and transmission rebuilding marketplace for the past 68 years as an independent entity. The Dura-Bond name has strong brand recognition. We look to continue to acquire additional product lines to grow our business,” added Barnett.
