NEW YORK – Monomoy Capital Partners, a New York private equity fund, has acquired High Performance Industries Inc., better known as Holley Performance Products, through an affiliate. Financial terms of the transaction were not disclosed.
 
Founded in 1903, Holley is a leading manufacturer of high-performance automotive aftermarket products, including carburetors, electronic fuel injection kits, exhaust headers and fuel pumps. The company markets its products through a portfolio of iconic American brands, including: Holley, Hooker Headers, Flowtech, Nitrous Oxide Systems or NOS, Earl’s, and Weiand. Holley is headquartered in Bowling Green, Ky., operates two manufacturing facilities in Kentucky and Mississippi, and employs approximately 350 associates.
 
Holley is a new platform acquisition for Monomoy. 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.”
 
Thomas Tomlinson, Holley’s CEO, 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.”