For Immediate Release
Mile Marker Announces New Ownership & Expansion Plans
Mile Marker Industries Recent Ownership Change Sparks Aggressive Growth Plan
Pompano Beach, FL (07/11/16) Mile Marker Industries, a leading manufacturer of rescue gear and equipment for the automotive aftermarket and OEM sectors, has confirmed the company has been acquired by private equity firm HRH Boca, LLC. The new ownership comes with an ambitious strategic vision, building upon the company’s heritage of professional quality products.
The announcement promises exciting developments for their base of off-road enthusiasts and wholesale distributors, bringing with it new business leadership, product development and global expansion. Jeffrey Albeck, recently tapped as CFO, emphasizes that Mile Marker Industries core strengths remain sacred as the company launches new initiatives.
“I am extremely excited about ushering in this new era in Mile Marker Industries 30-year history. Our new management team and strategic vision will leverage the company’s reputation of world-class performance. Innovation and a comprehensive growth strategy will be key for our ongoing success,” stated Albeck.
About the company
Mile Marker was established in 1985, providing the military and off-road markets with locking-hubs and recovery winches, including its legendary hydraulic winch system. The company became a key supplier of winches to the US military for the Humvee, solidifying their reputation for performance, durability and dependability in the most extreme applications. Their products have enhanced the off-road experience of 4×4 and powersport enthusiasts for over 30 years. Their products are sold through major retailers, 4×4 specialty dealers, distributors and online retailers.