[DeTomaso] FYI Holley

[Larry - Ohio Time Corp]

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
<http://www.enginebuildermag.com/Article/101628/monomoy_capital_buys_holley_
performance_group.aspx> .

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.  
 

 

 

Larry - Cleveland