Quarton International’s Debt Advisory Group raises financing to support Drake Automotive Group’s acquisition of Addictive Desert Designs

Tombstone Drake ADD 2018 Transaktion englisch
Overview

Transaction

Drake Automotive Group, a portfolio investment of Huron Capital, has raised financing to support its acquisition of Addictive Desert Designs.

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

Addictive Desert Designs is a leading supplier of suspension kits, off-road bumpers and accessories for off-road enthusiasts. Headquartered in Mesa, Arizona, the Company specializes in designing and engineering the toughest and most visually appealing products for nearly every modern truck, SUV and Jeep on the market. The acquisition of Addictive Desert Designs further diversifies Drake’s product offerings within the off-road segment.

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

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