QA1 Enters Agreement to Acquire Detroit Speed Engineering
QA1 Enters Agreement to Acquire Assets of Detroit Speed Engineering
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.
About QA1
QA1 is a leading manufacturer of high-performance suspension components and accessories. With over 30 years of experience, QA1 delivers innovative solutions that enhance vehicle performance, handling, and control. Its product lineup includes shocks, springs, tubular suspension, and full-vehicle suspension solutions. In 2024, Speedtech Performance was added to the team, expanding offerings to include complete chassis solutions. QA1 is passionate about engineering excellence and strives to exceed customer expectations with superior quality, performance, and support.
About Holley Performance Brands
Holley Performance Brands (NYSE: HLLY) leads in the design, manufacturing and marketing of high-performance products for automotive enthusiasts. The company owns and manages a portfolio of iconic brands, catering to a diverse community of enthusiasts passionate about the customization and performance of their vehicles. Holley Performance Brands distinguishes itself through a strategic focus on four consumer vertical groupings, including Domestic Muscle, Modern Truck & Off-Road, Euro & Import, and Safety & Racing, ensuring a wide-ranging impact across the automotive aftermarket industry. Renowned for its innovative approach and strategic acquisitions, Holley Performance Brands is committed to enhancing the enthusiast experience and driving growth through innovation. For more information on Holley Performance Brands and its dedication to automotive excellence, visit https://www.holley.com.