M&A Deal Summary

Holley Acquires Drake Automotive Group

On November 11, 2020, Holley acquired automotive company Drake Automotive Group from Huron Capital for 49M USD

Acquisition Highlights
  • This is Holley’s 3rd transaction in the Automotive sector.
  • This is Holley’s 2nd largest (disclosed) transaction.
  • This is Holley’s 4th transaction in the United States.
  • This is Holley’s 1st transaction in Nevada.

M&A Deal Summary

Date 2020-11-11
Target Drake Automotive Group
Sector Automotive
Buyer(s) Holley
Sellers(s) Huron Capital
Deal Type Add-on Acquisition
Deal Value 49M USD

Target

Drake Automotive Group

Henderson, Nevada, United States
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.

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Buyer(S) 1

Buyer

Holley

Bowling Green, Kentucky, United States

Category Company
Founded 1903
Sector Automotive
Employees1,594
Revenue 602M USD (2024)
DESCRIPTION
Holley's corporate headquarters in Bowling Green, Kentucky.
Holley's corporate headquarters in Bowling Green, Kentucky.

Holley is a designer, marketer, and manufacturer of high-performance products for car and truck enthusiasts. Holley offers the largest portfolio of iconic brands that deliver innovation and inspiration to a large and diverse community of millions of avid automotive enthusiasts who are passionate about the performance and personalization of their classic and modern cars. Holley was founded in 1903 and is based in Bowling Green, Kentucky.


DEAL STATS #
Overall 4 of 9
Sector: Automotive M&A 3 of 8
Type: Add-on Acquisition M&A Deals 3 of 8
State: Nevada M&A 1 of 1
Country: United States M&A 4 of 9
Year: 2020 M&A 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-29 Driven Performance Brands

Santa Rosa, California, United States

Driven Performance Brands is a manufacturer of automotive aftermarket products. The Company was founded in 1953 and is based in Santa Rosa, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-15 AEM Performance Electronics

Hawthorne, California, United States

AEM Performance Electronics is a developer and supplier of electronic control and monitoring systems for performance automotive applications and is particularly well known and highly regarded by enthusiasts of import and other sport compact cars. AEM Performance Electronics was founded in 1987 and is based in Hawthorne, California.

Buy $52M

Seller(S) 1

SELLER

Huron Capital

Detroit, Michigan, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 2.0B 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 30 of 40
Sector: Automotive M&A 2 of 2
Type: Add-on Acquisition M&A Deals 14 of 16
State: Nevada M&A 1 of 1
Country: United States M&A 27 of 37
Year: 2020 M&A 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-03 Lab Crafters

Ronkonkoma, New York, United States

Lab Crafters is a manufacturer of laboratory furniture systems, casework, seating, fume hoods, and custom solutions. A commitment to ingenuity has allowed us to provide the most respected and innovative laboratory products the industry has to offer. Lab Crafters was founded in 1997 and is based in Ronkonkoma, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 48forty Solutions

Alpharetta, Georgia, United States

48forty Solutions is a whitewood pallet recycler recycling over 90 million pallets annually across its network of 73 company locations and more than 225 network facilities. 48forty serves over 2,700 customers, including manufacturers, distributors, and retailers in the distribution & logistics, food & beverage, packaging, durables, and non-durables industries. 48forty Solutions was founded in 1992 and is based in Alpharetta, Georgia.

Buy -