Drake Automotive Group Acquires Fender Gripper
Detroit, MI – November 18, 2016 – Huron Capital Partners LLC (“Huron Capital”) today announced Henderson, Nev.-based Drake Automotive Group (“Drake”), its auto aftermarket accessories platform, has acquired Tyler, Tex-based Fender Gripper Inc. (“Fender Gripper”).
Fender Gripper is a manufacturer of protective fender covers, trunk mats, and carpet underlayments for the automotive aftermarket. The company was founded by Craig Chesley in 1980. Fender Gripper offers licensed products for General Motors, Ford, Fiat Chrysler, and Busted Knuckle Products, as well as custom art products.
“We are excited to add the Fender Gripper product portfolio to our offering,” said Scott Drake, founder of Drake Automotive Group. “Fender Gripper’s products are a great addition to our catalog for end-users who love to restore classic cars or individualize their off-road or late-model muscle vehicles.”
Brad Barker, Vice President at Huron Capital, added, “This acquisition represents the first of what we hope will be a number of add-on acquisitions for Drake. Scott and the team have built a solid platform in the enthusiast market, and we are actively looking to grow that through acquisitions of additional products and licenses.”
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