M&A Deal Summary

Huron Capital and Drake Automotive Group Acquire Addictive Desert Designs

On December 18, 2018, private equity firm Huron Capital and Drake Automotive Group acquired automotive company Addictive Desert Designs

Acquisition Highlights
  • This is Huron Capital’s 3rd and Drake Automotive Group’s 4th transaction in the Automotive sector.
  • This is Huron Capital’s 48th and Drake Automotive Group’s 4th transaction in the United States.
  • This is Huron Capital’s 2nd and Drake Automotive Group’s 1st transaction in Arizona.

M&A Deal Summary
Date 2018-12-18
Target Addictive Desert Designs
Sector Automotive
Buyer(s) Huron Capital
Drake Automotive Group
Deal Type Add-on Acquisition

Target

Addictive Desert Designs

Mesa, Arizona, United States
website
Addictive Desert Designs is a designer, manufacturer, and distributor of the truck, SUV, and Jeep accessories for the off-road aftermarket. ADD was founded by Jared Hare in 2007 with the desire to push the limits of design, a passion for customizing vehicles and a love for the desert. ADD currently makes off-road bumpers and other accessories for a wide range of truck models including those produced by Chevrolet, Ford, Jeep, Nissan, Ram and Toyota. Addictive Desert Designs was founded in 2007 and is based in Mesa, Arizona.

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Buyer(S) 2

Buyer

Huron Capital

Detroit, Michigan, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1999
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Huron Capital Partners is a private equity firm that seeks to acquire or recapitalize niche manufacturers, value-added distributors and specialty service companies. Prospective transaction situations include management buyouts, corporate spin-offs, recapitalizations, family successions and consolidations. Huron prefers opportunities located in the US and Canada. Target companies typically have revenues between $20 and $200 million and EBITDA of at least $5 million. Huron can commit up to $10 million and $50 million of equity capital per transaction. Huron Capital Partners was formed in 1999 and has offices in Detroit, Michigan and Ontario, Canada.

DEAL STATS #
Overall 51 of 62
Sector (Automotive) 3 of 3
Type (Add-on Acquisition) 2 of 2
State (Arizona) 2 of 3
Country (United States) 48 of 59
Year (2018) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-20 High Street Insurance Partners

Traverse City, Michigan, United States

High Street Insurance Partners is focused on the insurance agency sector, providing commercial property & casualty insurance, employee benefits services, and personal lines to a wide range of industries. High Street Insurance Partners was founded in 2018 and is based in Traverse City, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-07 WD Lab Grown Diamonds

Laurel, Maryland, United States

WD Lab Grown Diamonds is a producer of large, laboratory grown diamonds for the jewelry, scientific and industrial markets. WD Lab Grown Diamonds was founded in 2008 and is based in Laurel, Maryland.

Buy -
Buyer

Drake Automotive Group

Henderson, Nevada, United States

website

Category Company
Founded 2005
Sector Automotive
DESCRIPTION

Drake Automotive Group is a manufacturer and marketer of auto parts and components in Nevada. Drake Automotive Group was founded in 2005 and is based in Henderson, Nevada.

DEAL STATS #
Overall 4 of 4
Sector (Automotive) 4 of 4
Type (Add-on Acquisition) 4 of 4
State (Arizona) 1 of 1
Country (United States) 4 of 4
Year (2018) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-19 DV8 Offroad

Riverside, California, United States

DV8 Offroad is a designer and distributor of off-road accessories and wheels. DV8 has provided consumers and specialty retailers in the off-road, modern muscle and classic vehicle markets with high-quality wheels and accessories, including bumpers, hard tops, fenders and hoods.

Buy -
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