M&A Deal Summary

Drake Automotive Group Acquires Proforged

On May 11, 2018, Drake Automotive Group acquired automotive company Proforged

Acquisition Highlights
  • This is Drake Automotive Group’s 2nd transaction in the Automotive sector.
  • This is Drake Automotive Group’s 2nd transaction in the United States.
  • This is Drake Automotive Group’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2018-05-11
Target Proforged
Sector Automotive
Buyer(s) Drake Automotive Group
Deal Type Add-on Acquisition

Target

Proforged

Wayne, New Jersey, United States
Proforged is a designer and distributor of chassis parts. Proforged wear-and-tear replacement market with more than 2,000 steering and suspension products across all major vehicle platforms and brands sold online to auto parts retailers. Proforged was established in 2002 and is based in Wayne, New Jersey.

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Buyer(S) 1

Buyer

Drake Automotive Group

Henderson, Nevada, United States
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 2 of 4
Sector (Automotive) 2 of 4
Type (Add-on Acquisition) 2 of 4
State (New Jersey) 1 of 1
Country (United States) 2 of 4
Year (2018) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-18 Fender Gripper

Tyler, Texas, United States

Fender Gripper, Inc. is a manufacturer of protective fender covers, trunk mats, and carpet underlayments for the automotive aftermarket.

Buy -
FOLLOWING 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 -
Mergr

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