LBC Credit Partners provided senior secured credit facilities to Huron Capital to support the refinancing of Drake Automotive Group and the add-on acquisitions of Proforged and DV8.
LBC served as agent and sole lead arranger for the facilities.
Drake is an automotive aftermarket parts brand serving the classic car, off-road and late model “muscle car” categories. The company focuses on replicating the look and feel of original part production.
Based in Colorado, Proforged has more than 2,000 steering and suspension products across all major vehicle platforms and brands sold online to auto parts retailers.
Southern California-based DV8 Off-Road builds Jeep off-road accessories.
Founded in 1999, Huron Capital is an operationally-focused private equity firm with that supports growing lower middle-market companies.
LBC Credit Partners provides middle-market financing solutions, including senior term, unitranche, second lien, junior secured and mezzanine debt and equity co-investments supporting sponsored and non-sponsored transactions.
