Holley Performance Products is a marketer and supplier of high-performance automotive fuel systems and exhaust products, including carburetors, electronic fuel injection products, fuel pumps, and exhaust headers. The company markets its products through a portfolio of brands, including: Holley, Hooker, Flowtech, Nitrous Oxide Systems or (“NOS”), Earl’s, and Weiand. Holley is headquartered in Bowling Green, KY and employs approximately 350 people (www.holley.com).
Monomoy Capital Partners makes control investments in middle market businesses with $50 million to $500 million in annual sales. Sectors of interest include manufacturing, distribution, consumer product and foodservice industries. The firm has $700 million in assets under management and is headquartered in New York (www.mcpfunds.com).
Lincolnshire Management invests from $10 million to $100 million in companies with revenues of $50 million to $500 million and operating cash flow of $5 million to $50 million. The firm is industry agnostic but has a specific interest in niche manufacturing, distribution and service businesses. Lincolnshire has $1.7 billion of capital under management and is currently investing from its $835 million private equity fund, Lincolnshire Equity Fund IV. Lincolnshire was founded in 1986 and is headquartered in New York with offices in Atlanta, Chicago and Los Angeles (www.lincolnshiremgmt.com).
BB&T Capital Markets served as the exclusive financial advisor to Holley and Monomoy Capital Partners in this transaction. BB&T Capital Markets provides capital and advisory services including research, sales and trading, equity and debt underwriting, M&A advisory and corporate banking. BB&T is one of the largest financial services holding companies in the US with $182.7 billion in assets and a market capitalization of $23.8 billion, as of June 30, 2013. BB&T is based in Winston-Salem, NC (www.bbtcapitalmarkets.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 10-31-13