In an embodiment of the disclosed technology, a tool caddy is removably mountable to a fixed portion of an automobile lift. The tool caddy is generally rigid, having a conical section and a cantilevered section. A U-shaped mounting bracket is adapted to be placed atop and/or around any fixed rectangular/square section of the lift. The conical section is shaped to accommodate an impact gun or other similarly sized and/or shaped tool. The cantilevered section has several portals disposed in a surface thereof for holding smaller tools. The tool caddy will secure in place, when it is A) wedged at least partially through the triangular opening of a truss, B) rested atop a rectangular portion of a beam of a truss, or C) slid along a beam until the top plate of the mounting bracket is wedged into a portion of the truss where the triangular section meets the beam.