ST. LOUIS – Auto Meter Products Inc., a Harbour Group company, has acquired ProParts LLC. Terms of the transaction were not disclosed.
ProParts designs and manufactures high-performance automotive sensors, controllers and instrumentation, including the Spek and Spek Pro gauge lines. The company also has an extensive line of gauge mounting pods and other accessories for automotive enthusiasts marketed under the ProPod brand name. All of the company’s products are designed to deliver high reliability and precision in challenging race environments. ProParts was founded in 2001 by John Sullivan and is based in Baltimore, Md.
Auto Meter is one of the nation’s leading providers of automotive aftermarket information systems, including gauges, video recorders and data telemetry. The company also manufactures a line of professional-grade electrical system and battery testing systems specifically designed for the newest automotive battery technology. The company is based in Sycamore, Ill.
ProParts represents Auto Meter’s fourth complementary acquisition since it became a Harbour Group company, a privately owned company based in St. Louis.
"This is an excellent acquisition for Auto Meter," said Jeff Fox, Harbour Group’s CEO. "John and his team built an outstanding business on a foundation of patented instrumentation designs. We expect that the addition of ProParts’ design resources and its intellectual property will enhance our ability to develop innovative products for the automotive racing and enthusiast markets. Auto Meter and ProParts products have won a number of SEMA best-in-class awards over the past few years, and we expect this trend to accelerate."
Sullivan added, "Our NHRA-approved and NASCAR-accepted product lines have established a solid foothold in the racing community and we expect our reach to grow significantly with Auto Meter’s resources. Auto Meter has a leading presence with race teams and automotive enthusiasts, as demonstrated by the popularity of its products and digital assets like www.winningride.com. Combining those strengths with our intellectual property will further distance the company from the competition."
"ProParts has been an excellent competitor of ours for several years," said Jeff King, CEO of Auto Meter. "Adding their current patented products, as well as exciting new products in development, will further strengthen Auto Meter’s position as the market leader in high-performance instrumentation for race teams and automotive enthusiasts."
