QA1, the chassis and suspension component manufacturer based in Lakeville, Minnesota, has entered into an agreement with Holley Performance Brands to acquire the assets of Detroit Speed & Engineering in Mooresville, North Carolina. 

Operations of Detroit Speed will continue in Mooresville, North Carolina, according to the announcement. More details will be announced upon the deal closing, which is anticipated at year-end.

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, company representatives said.

"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 CEO, 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."