Quarton International’s Debt Advisory Group raises financing to support Drake Automotive Group’s Acquisition of DV8 Offroad

Tombstone Dranke DV8 Transaction 2018 englisch
Overview

Transaction

Drake Automotive Group, a portfolio investment of Huron Capital, has raised financing to support its acquisition of DV8 Offroad.

Quarton International’s Debt Advisory Group acted as the exclusive advisor to Huron Capital and Drake in arranging financing for the transaction.

Client

Drake Automotive Group is an aftermarket parts platform serving the classic, off-road, and late model muscle car categories. Drake is differentiated by its design and engineering capabilities which focus on replicating the look and feel of original production. Over a 30-year history, this focus on authenticity has driven brand strength synonymous with the Ford Mustang and other classic muscle cars.

Target

Based in Riverside, California, DV8 Offroad provides consumers and specialty retailers in the off-road market with high-quality wheels and accessories, including bumpers, hard tops, fenders and hoods. The acquisition of DV8 further diversifies Drake’s product offerings within the off-road, modern muscle and classic vehicle segments.

Huron Capital is an operationally-focused private equity firm with a long history of growing lower middle-market companies through its proprietary ExecFactor® buy-and-build investment model. Huron Capital prefers complex situations where it can help companies reach their full potential by combining an operational approach, substantial capital base, and transaction experience with seasoned operating executives. Founded in 1999, Huron Capital has raised over $1.8 billion in capital through six committed private equity funds and invested in over 150 companies, and its portfolio companies have employed over 11,000 people throughout North America. The Huron Capital buy-and-build investment model includes equity recapitalizations, family succession transactions, market-entry strategies, corporate carve-outs, and management buyouts of companies having revenues up to $200 million. Huron Capital targets both control and non-control equity stakes in fundamentally-sound companies that can benefit from the firm’s operational approach to creating value. Huron Capital’s sector focus includes business services, consumer products & services and specialty industrials.

Contact

Photo Mark Horvick

Mark J.
Horvick

Managing Director
Mergers & Acquisitions, Cowen

+1 612 2568 201
Email

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