Huron Capital Completes Sale of Horsepower Automotive Group to River Associates

Platform Scaled Through Disciplined Buy-and-Build Strategy and Nine Add-On Acquisitions

DETROIT--(BUSINESS WIRE)--Huron Capital Partners (“Huron Capital”), a leading middle market private equity firm, is pleased to announce the sale of Horsepower Automotive Group (“HPAG” or the “Company”), a diversified aftermarket automotive platform, to River Associates Investments (“River Associates”).

Huron initially launched the platform in 2015 through its acquisition of Drake Automotive, a provider of vintage Mustang enthusiast parts. Through a focused buy-and-build strategy, Huron completed nine subsequent add-on acquisitions, further enhancing the Company’s scale, capabilities, and product portfolio. During Huron’s ownership, HPAG invested in a state-of-the-art manufacturing facility in Arizona, consolidating operations, streamlining new product development capabilities, and driving meaningful operational efficiencies to create a pure-play off-roading and overlanding platform.

“We are proud to have partnered with Chris York and the HPAG team to build a differentiated platform within the automotive aftermarket market,” said Mike Beauregard at Huron Capital. “Chris’ focus on opening a new manufacturing facility, integrating HPAG operations, and accelerating the Company’s focus on new product development has positioned HPAG well for continued growth.”

Chris York, Chief Executive Officer of HPAG, added, “We are grateful for our partnership with Huron. Their experience executing buy-and-build investments, combined with expertise in omni-channel consumer marketing and a disciplined focus on strategy and execution, enabled us to capitalize on several opportunities and build an integrated platform. We look forward to building on that momentum in our next chapter with River Associates.”

About Huron Capital

Huron Capital is a leading lower middle-market private equity firm focused on partnering with outstanding management teams to build leading service companies. Through HCP Services, we bring a people-first and thematic approach to investing in mission-critical service companies in the infrastructure, facility and residential sectors where we have a long history of success, proven playbooks and extensive resources. We seek to make control investments in leading service businesses with $20 million to $200 million in revenue.

With our operational resources, we empower our management partners to drive significant growth through initiatives such as professionalizing operations, improving service offerings, executing M&A strategies, and accessing new markets. We pride ourselves on an unwavering commitment to candor, trust, accountability, and transparency in our relationships with management teams, investors, advisors, and employees.

Founded in Detroit in 1999, over the past 25 plus years we have acquired more than 290 companies through seven investment funds, managing over $2.4 billion in capital on behalf of a global institutional investor base. Through our proprietary ExecFactor® program, we utilize a proactive, thesis-driven investment process to identify the best potential management teams and investment opportunities in our core sectors. For more information, please visit www.huroncapital.com

About Horsepower Automotive Group

Horsepower Automotive Group operates as a holding company for off-road automotive aftermarket brands Addictive Desert Designs, DV8 Offroad, Rago Fabrication, C4 Fabrication, and Flatline Van Company. These brands collectively offer a range of aftermarket accessories for Jeep, truck, SUV, and adventure van enthusiasts looking for tough, durable and stylish automotive products and accessories to set them apart on the trails. For additional information, please visit https://www.horsepowerautomotivegroup.com.