Detroit, Michigan-based Huron Capital Partners announced that it has committed $30m to make a significant investment in Maple Leaf Automotive, Inc., in partnership with its management team.
Ontario, Canada-based Maple Leaf manufactures original equipment quality replacement parts for the automotive aftermarket.
The terms of the transaction were not disclosed. The investment was made through Huron’s most recent private equity fund, The Huron Fund III, L.P., which has $350m in fresh committed capital.
Commenting on the deal, Chris Sheeren, a Partner at Huron, stated: “The management team has developed an outstanding line of products which deliver high quality and performance to their customers. The automotive aftermarket sector is strong, and we view Maple Leaf’s products and the professionalism of the management team as a winning combination. Huron is excited about the opportunity to build this business and is committed to providing the resources to do so”.