Horsepower Automotive Group, LLC
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Horsepower Automotive Group, LLC - overview
Location
-, NV, US
Primary Industry
Automobiles, Other Vehicles & Parts
About
Horsepower Automotive Group, LLC specializes in designing and manufacturing aftermarket parts and accessories for Ford vehicles, particularly the Mustang, focusing on performance enhancement and restoration solutions. Horsepower Automotive Group, LLC is engaged in the design and manufacturing of aftermarket automotive parts, specifically targeting Ford Mustang and other Ford vehicles. The firm is headquartered in Henderson, US. Its operations include two notable deals since its inception, with the most recent deal dating back to June 26, 2018.
Scott Drake, under Horsepower Automotive Group, specializes in high-quality aftermarket parts for Ford Mustang and other Ford vehicles. Their product range includes exhaust systems, nitrous components, and air and fuel delivery systems, serving automotive enthusiasts and collectors across North America, Europe, and parts of Asia. Scott Drake generates revenue through direct sales to both consumers and automotive retailers, operating a B2B and direct-to-consumer model. Their core products, like exhaust systems and performance upgrades, cater to a broad market segment with pricing strategies reflecting quality and performance benefits.
The company is strategically focusing on new product development, with upcoming launches aimed at enhancing their product line for the Ford Mustang. They are also exploring expansion into international markets, specifically targeting regions in Europe and Asia by 2025. Recent funding from their last deal will be allocated to support these new product initiatives and market expansion efforts.
Current Investors
Huron Capital Partners
Primary Industry
Automobiles, Other Vehicles & Parts
Sub Industries
Automobiles, Other Vehicles & Parts
Website
www.drakeautomotivegroup.com
Verticals
Manufacturing
Company Stage
Mature
Total Amount Raised
Subscriber access only
Horsepower Automotive Group, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Flatline Van Co. LLC | - | ||||||||
| Add-on | Completed | Rago Fabrication, LLC | - | ||||||||
| Add-on | Completed | Addictive Desert Designs, LLC | - | ||||||||
| Private Debt | Completed | Horsepower Automotive Group, LLC | - | ||||||||
| Add-on | Completed | DV8 Offroad | - |
Displaying 1 - 5 of 8
Horsepower Automotive Group, LLC - employee data
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.