According to Lincolnshire Management (Lincolnshire for short). Holley Performance Products has been sold so it can merge with Driven Performance Brands.
Driven Performance Brands happens to be an affiliate of Sentinel Capital Partners.
The actual terms of this transaction have not been made public.
Holley started in 1903 and has one of the largest manufacturer, designer and marketer of brand products that sever the automotive aftermarket. The company has a good reputation in the American performance car industry. It has industry-leading brands like Hooker, MSD, ACCEL, Hooker, Superchips, Edge, Racepak, Weiand, Hays, Earls, Mallory, DiabloSport, and Quick Fuel Technologies. The main mission of Holley is to bring happiness and value to people who are very enthusiastic and passionate about their cars.
T.J. Maloney, chairman of the board and Chief Executive Officer of Lincolnshire Management, believes that the strength of the brand and the talent of the management team at Holley have made it a great opportunity for his company. His company has been connected with Holley since 2013. His company has worked with the management team at Holley, headed by Tom Tomlinson, to increase their investment in new product management. Read the whole story in this article.
Ben Bartlett, a principal at Lincolnshire Management, thinks that Holley is a considered to be an icon after 100 years and has definitely proven that they can think can out of the box after doing focused product creation and making real connections with enthusiastic customers in the industry. Bartlett really likes the job that Tom and his management team have done at Holley. They know how to deal with the changes in technology and customer preference. During the time that Lincolnshire invested in Holley, their revenues have been tripled and their earnings have quadrupled.
Lincolnshire Management, a private investment firm, started in 1986 to focus on investing in middle market companies. Their headquarters is in New York City. They have other offices in Chicago, Atlanta, and Los Angeles, Acquiring private companies, recapitalizing, divesting companies, managing buyouts and growing equity for private and public companies are some of the activities that it does. They have 1.7 billion US dollars in their funds to invest in companies. Follow this link to read more https://massinvestordatabase.com/publicfirm.php?name=Lincolnshire+Management.