Monomoy Gets Financing for Holley Acquisition
LBC Credit Partners to provide a $37.5 million senior secured term loan to support the purchase of High Performance Industries, which does business as Holley.
LBC Credit Partners, a
provider of financing solutions to middle market companies, has agented a
$37.5 million senior secured term loan to support the purchase of High
Performance Industries Inc. (dba Holley) by an affiliate of private
equity group Monomoy Capital Partners LP. The acquisition was first announced in June
Holley manufactures products such as carburetors, electronic fuel
injection kits, exhaust headers and fuel pumps, marketing them under
well-known brands like Holley, Hooker Headers, Flowtech, Earl's and
Weiand. The company has a workforce of about 350 and two production
facilities, one in Kentucky and another in Mississippi.
LBC also provided an equity co-investment to support the purchase.