M&A Deal Summary

Huron Capital Acquires Drake Automotive Group

On January 11, 2016, private equity firm Huron Capital acquired automotive company Drake Automotive Group

Acquisition Highlights
  • This is Huron Capital’s 2nd transaction in the Automotive sector.
  • This is Huron Capital’s 36th transaction in the United States.
  • This is Huron Capital’s 1st transaction in Nevada.

M&A Deal Summary
Date 2016-01-11
Target Drake Automotive Group
Sector Automotive
Buyer(s) Huron Capital
Deal Type Recapitalization

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

Huron Capital

Detroit, Michigan, United States

Investor Investor Investor Investor Investor

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 39 of 62
Sector (Automotive) 2 of 3
Type (Recapitalization) 14 of 16
State (Nevada) 1 of 1
Country (United States) 36 of 59
Year (2016) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-08 JENSEN HUGHES

Baltimore, Maryland, United States

JENSEN HUGHES, Inc. is a consulting firm specializing in fire protection engineering, fire code consulting and related life safety services in commercial, institutional, and industrial facilities.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-10 Systems

Germantown, Wisconsin, United States

Systems, Inc. is a professional engineer of hydraulic, pneumatic, and mechanical loading dock leveling equipment, truck restraints, specialty dock equipment and related accessories sold under the Poweramp, DLM and McGuire brand names. The Company operates out of state-of-the-art facilities in Germantown, Wisc. and Malvern, Ark., manufacturing equipment under the "Made in America" label. The business serves both end-users and nationwide dealership networks to design, engineer, manufacture, and deliver dock equipment for use in grocery, trucking, retail and general warehousing environments.

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