From the pages of http://www.corvetteonline.comOh June 8th, 2012, Monomoy Capital Partners II, L.P., acquired High Performance Industries, Inc., the parent company for Holley. Monomoy, a New York private equity fund, focuses on value investments and business improvement within the manufacturing, distribution, consumer products and food service industries.
Holley has manufactured fuel systems and carburetors since 1903 when George and Earl Holley founded the carburetor business, encouraged by none other than Henry Ford. By 2003, Holley was still one of the original four suppliers selling to Ford.
With NASCAR’s transition to high performance electronic fuel injection throttle bodies for the 2012 race season, Holley has been a continued supplier to race teams. Since the 1960′s, every NASCAR Cup Series team has been powered by Holley carburetors.
High Performance Industries markets performance products under such highly recognizable names as Holley, Hooker Headers, NOS, Earls, Weiand and Flowtech. Holley Performance Products continues to be a leading manufacturer of high performance aftermarket products for the automotive industry.
In an official press release, Justin Hillenbrand, Partner of Monomoy, stated, “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.”
CEO of Holley Performance Products, Thomas W. Tomlinson, 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.”
Headquartered in Bowling Green, Kentucky, Holley employes close to 350 employees and operates two manufacturing facilities in Kentucky and Mississippi. With $700 million in assets, Monomoy Capital Partners and it’s companies currently produce over $1.1 billion in combined sales with more than 4,500 employees.
