Monomoy Capital Buys Holley Performance Group
Monomoy Capital Partners II, L.P., a New York private equity fund focused on value investment and business improvement, has acquired High Performance Industries, Inc., the parent company of Holley Performance Group. Financial terms of the transaction were not disclosed.
Founded in 1903, Holley markets its products through a portfolio of iconic brands, including: Holley, Hooker Headers, Flowtech, Nitrous Oxide Systems (NOS), Earl’s, and Weiand. Holley is headquartered in Bowling Green, Kentucky, and operates two manufacturing facilities in Kentucky and Mississippi. It employs approximately 350 associates.
Justin Hillenbrand, partner of Monomoy, said, “We are very excited to partner with Holley’s management team to continue to grow Holley’s portfolio of industry leading brands. Monomoy will look to strengthen and grow the company by optimizing its manufacturing system, focusing on product development and expanding Holley both organically and through acquisition. Our end-customers are individuals who own classic cars, project cars and race cars, we plan on doing a lot of listening to understand how we can make our products better.”
Thomas W. Tomlinson, CEO of Holley, added, “We are thrilled with the opportunity to move forward with Monomoy. The partnership with Monomoy will provide us with the strategic capital and operational resources to increase Holley’s market share, introduce exciting new performance products, and grow earnings.”
For more information about Holley, visit www.holley.com