Detroit’s Huron Capital, a lower-middle-market private equity firm, today announced its aftermarket car accessories and restoration parts platform Drake Automotive Group has acquired Proforged, a Colorado-based designer and distributor of chassis parts.
“Drake and Proforged share common core values – a commitment to making aftermarket parts that help car owners keep their muscle cars, off-road vehicles, and classic cars going fast – making this transaction a natural fit,” says Keith Belair, Drake CEO.
“And like our prior acquisitions, we believe the combination of Drake and Proforged will better position both companies for growth and provide a better experience for our customers.”
The deal marks the fourth add-on acquisition for the Drake platform investment in less than two and a half years.
“Huron Capital has a history of providing companies with the support and guidance needed to achieve growth through acquisition,” says Zack Kanter, founder of Proforged. “We are excited to be part of Drake and look forward to seeing continued success as we bring our comprehensive mix of steering and suspension products into Drake’s expansive portfolio of aftermarket accessories.”
Proforged has more than 2,000 steering and suspension products and was founded in 2010.