Case Study

Crushing Tigers is an Austin, Texas-based market leader and authorized distributor of high-performance aggregate machinery and equipment. Founded in 2011 by Brian Costello and Pat Doab, the company has built its reputation from the ground up as the go-to partner for the aggregate industry across Texas and surrounding states. Crushing Tigers is an authorized distributor for a roster of top global brands, including: SANDVIK, EDGE, RAMMER, MATEC, STRICKLAND, and PORTAFILL, and provides equipment sales, leasing, parts, service, and training to ensure every project is “crushed to perfection.”

With a high-caliber brand portfolio and a growing customer base, Crushing Tigers recognized the need for capital to support its next phase of growth, expanding its equipment sale and rental business, scaling aftermarket services, and extending its geographic reach across the southern U.S.

Westlake’s Role: Westlake Securities served as the exclusive financial advisor to Crushing Tigers, working alongside founders Costello and Doab to structure the capital raise, identify the right mix of debt and equity partners, and bring both the bank facility and the growth capital raise to close simultaneously. The engagement was part of a broader, multi-year advisory relationship between Westlake and Crushing Tigers that began in 2020.

The Outcome: Crushing Tigers secured $20 million in total financing: bank financing from a Denver-based bank and growth capital from Congruent Investment Partners, LLC, a firm focused on empowering growth-stage businesses. The combined facility provided Crushing Tigers with the capital to accelerate expansion of its equipment sale and rental business, grow its aftermarket services offering, and extend into new geographic territories across the southern U.S.