Huron Capital Partners LLC announced it has invested in Drake Automotive Group, in partnership with its founder and management. Headquartered in Henderson, Nevada, Drake is a designer and distributor of branded automotive aftermarket products serving the classic car, off-road and late-model “muscle car” markets.
Founded by Scott Drake in 1988, Drake has long been a provider of parts for classic and current model Ford Mustangs, and also caters to vehicles such as Broncos, Jeeps, Camaros and others. According to the 2015 SEMA Market Report, the automotive restoration aftermarket parts business is a $1.4 billion industry.
Scott Drake said, “Our team has a lot of energy and ideas for growing the business, and we are excited to have a partner in Huron Capital that shares our vision and values.”
Brian Demkowicz, managing partner of Huron Capital, added, “We think Drake is a great fit with Huron Capital, given our Detroit roots. We believe Scott and his team have done an excellent job building a premier brand name that caters to a passionate group of vehicle enthusiasts who recognize Drake for innovation and quality. Working with the Drake team, we plan to pursue a buy-and-build strategy in the enthusiast segment of the automotive aftermarket.”