Huron Capital Partners has made a significant investment in Maple Leaf Automotive in partnership with its management team.
Huron committed USD30m to close the transaction. Terms of the transaction were not disclosed.
The transaction marks the 45th investment overall for Huron and third investment platform in Canada.
The investment was made through Huron’s most recent private equity fund, The Huron Fund III, which has USD350m in fresh committed capital.
Based in Ontario, Canada, Maple Leaf is a manufacturer of original equipment quality replacement parts for the automotive aftermarket.
Chris Sheeren, a partner at Huron, says: "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."
Huron has allocated significant resources and capital specifically for investments in Canada, and recently opened an office in downtown Toronto. From this office, Jeremy Busch will propel the firm’s growth equity, buyout and late-stage investment activities throughout the country. With significant available capital, Huron continues to aggressively seek new investment opportunities in both Canada and the US.
