Monday’s big aftermarket news is that QA1, who earlier this year bought chassis and component manufacturer Speed-Tech, has entered into an agreement with Detroit Speed and Engineering to acquire them as well. Adding Detroit Speed to the QA1 family of companies is something special, and really puts QA1 in a power position in the suspension market. We can’t wait to see what the future holds for all three brands, and will get you more info as it comes available.
Here is the announcement from QA1:
QA1 is excited to announce that it has entered into an agreement with Holley Performance Brands (Holley) to acquire the assets of Detroit Speed & Engineering (Detroit Speed) in Mooresville, NC. This addition aligns with QA1’s mission to deliver high-performance suspension and chassis solutions, elevating its premium offerings and enhancing support for builders throughout the performance industry.
“QA1 is thrilled to welcome the Detroit Speed team,” says Melissa Scoles, QA1’s CEO.
“We’ve been continually impressed by the innovation and quality of their products, and we’re excited for what the future holds.”
“We continue to take steps at Holley Performance Brands to position our brands for long-term growth and success,” said Matthew Stevenson, President and Chief Executive Officer, Holley Performance Brands. “QA1 is the right strategic partner to take Detroit Speed to the next level and we look forward to seeing what these two businesses accomplish together as one team.” QA1 and Holley are dedicated to ensuring a smooth transition for all stakeholders.
Operations of Detroit Speed will continue in Mooresville, NC. More details will be announced upon the deal closing, which is anticipated at year end.
