Hudson Avenue Partners (“Hudson Avenue”) is pleased to announce that Horsepower Automotive Group (“HPAG” or the “Company”), a Huron Capital portfolio investment, has raised financing to support its acquisition of Rago Fabrication.
Hudson Avenue acted as exclusive financial advisor to Huron Capital and HPAG in arranging financing to support the acquisition.
Horsepower Automotive Group operates as a holding company for off-road automotive aftermarket brands Addictive Desert Designs and DV8 Offroad. Addictive Desert Designs and DV8 Offroad both offer a range of aftermarket accessories for Jeep, Raptor, Bronco and other truck / SUV enthusiasts looking for tough, durable and stylish designs to set them apart on the trails. Addictive Desert Designs was born from an addiction to push the limits of design, a passion for customizing vehicles and a love for the desert. DV8 understands that, along with style, Jeep enthusiasts need functional, reliable equipment that also protects their investment.
Founded in Detroit in 1999, Huron Capital is an operationally focused private equity firm with a long history of growing middle-market companies. Huron Capital has successfully established six private equity funds aggregating nearly $2.0 billion in committed capital and invested in over 240 companies. Its investment strategy includes equity recapitalizations, family succession transactions, market-entry strategies, corporate carve-outs, and management buyouts of companies having revenues up to $200 million. Huron Capital invests control equity in fundamentally-sound companies that can benefit from Huron’s operational approach to creating value. Huron focuses on niche, secularly relevant segments within the commercial & industrial services, professional services and consumer services sectors.
For additional information, visit www.huroncapital.com.