BDO Capital Advisors has facilitated the sale of EVANNEX, a leading EV aftermarket accessory provider, to Enthusiast Auto Holdings, positioning the company for significant growth in the expanding electric vehicle market.
Target Information
EVANNEX, incorporated in 2012, is a leading provider of aftermarket accessories for Tesla vehicles and the growing electric vehicle (EV) market. Founded by a team passionate about Tesla, the company has established itself as the premier online destination for EV enthusiasts seeking high-quality accessories. Under the leadership of President Matt Pressman, EVANNEX has developed a wide range of innovative products specifically tailored to enhance the ownership experience of Tesla vehicles.
The company prides itself on its in-house design and development capabilities, which allow it to create products that meet the discerning needs of its customer base. Partnering with Enthusiast Auto Holdings (EAH) provides EVANNEX with new opportunities to expand its product catalog and significantly improve its service offerings to a growing number of customers.
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Industry Overview
The electric vehicle market in the United States has been experiencing remarkable growth, driven by increasing consumer demand for sustainable transportation options. With advancements in battery technology a
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Enthusiast Auto Holdings, LLC
invested in
Teslaccessories, LLC d/b/a EVANNEX
in 2021
in a Other deal