Lincolnshire Management has held quite a few investments over the past few years. Perhaps one of the most notable of these has been Holley Performance Products. Holley was founded in 1903 and has since gone on to become a leader in the automotive performance product market. Lincolnshire Management invested in the company in 2013, noting that it was quite a significant investment opportunity. Now, the private equity firm has announced that it has sold its interest in the company to an affiliate of Sentinel Capital Partners. It was also announced that Holley Performance Products would be merged with Driven Performance Brands. Other transaction terms haven’t been released.
T.J. Maloney, Chairman, and CEO of Lincolnshire Management, noted the product portfolio that Holley Performance Products had access to. This included the likes of Hays, Mallory, Earls, Quick Fuel Technologies and DiabloSport, among much more. This was of a significant interest to Lincolnshire Management. Also of note was the automotive performance company’s management team. Since partnering with the company, Lincolnshire Management was able to triple revenues and quadruple earnings over five years. This was something that Ben Bartlett, a Principal at Lincolnshire Management noted invested a considerable success for both companies.
Lincolnshire Management also noted that Holley Performance Products had developed quite a considerable reputation over the past century. Throughout this time, it cultivated a strong relationship with customers across the industry. This was something that Lincolnshire Management was able to capitalize on. Bartlett also noted that Holley Performance Products has been able to successfully navigate a variety of different challenges and evolving customer preferences during that time.
President and CEO of Holley Performance Products Tom Tomlinson noted that Lincolnshire Management had a considerable impact on the company in the past five years. One of the most notable of these has been that it increased investment in new product development and pursued an aggressive acquisition strategy during that time. He also noted that Lincolnshire Management brought a considerable amount of knowledge to the industry. Lincolnshire Management also helped Holley Performance Products to successfully navigate a range of different challenges during their investment period. This was something Tomlinson noted when Lincolnshire Management divested from the company.
See Lincolnshire Management’s company overview https://www.glassdoor.com/Overview/Working-at-Lincolnshire-Management-EI_IE108393.11,34.htm