"This new partnership comes at a time in the automotive industry that puts Edelbrock in a prime position to capitalize on the ever-strengthening economy," said Chairman Vic Edelbrock. "We’ve weathered the economic storm and constraints of the fragile banking system over the past 18 months, never losing sight of our commitment to innovation and quality for our customers. The investment from IOP will allow us to continue to expand this focus on developing new and exciting products, such as our supercharger line, across a wide range of applications."
The Edelbrock management team led by Vic Edelbrock and President John Colaianne will continue to manage the company.
Colaianne added, "IOP and its partners are excited to join hands with the Edelbrock organization. We feel this company has all the intangibles — a strong brand, healthy infrastructure and dedicated employees — that not only makes it the leader in the performance automotive aftermarket, but also prime for growth."
With $185 million of committed capital, IOP focuses on acquiring and managing middle-market manufacturing and value-added distribution businesses. Other brands in the company’s portfolio include Algoma Hardwoods, FAS Controls, Center Manufacturing, Gulf Coast Machine & Supply Co., E.B. Bradley Co. and Carlson System Holdings Inc.