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Rumored a few weeks ago and officially announced today:
MSDP Group Sold To Holley/Lincolnshire Management
Z Capital Partners has sold the MSDP Group and its subsidiaries to Holley Performance Products (Bowling Green, KY), a portfolio company of Lincolnshire Management, which is a private equity firm headquartered in New York. Terms of the transaction were not disclosed.
El Paso, TX-based MSDP is a performance fuel and ignition systems company. Its brands include MSD, Racepak, Superchips, Edge, Accel and Mr. Gasket.
Since acquiring substantially all of MSDP out of bankruptcy in 2013, Z Capital has transformed the company, including its management team, brand marketing, supply chain network and distribution capabilities, as well as pursued strategic acquisitions – notably, the acquisition of the Accel Performance Group in late 2014.
“My partner, Rick Sullivan, and I are thrilled to announce the addition of MSDP to our portfolio,” Tom Callahan, managing director at Lincolnshire, is quoted as saying in a press release dated Sept. 23. “Under the leadership of a talented management team, MSDP has developed into a world-class performance automotive business, managing great brands and boasting key strengths in both ignition and electronic tuning technologies.”
Holley’s products include performance carburetors, fuel pumps, intake manifolds, and engine dress-up products for street performance, race, and marine applications. Its brand portfolio is comprised of Hooker Headers, Flowtech Exhaust, NOS Nitrous, Weiand, Earl’s Performance Plumbing, Quick Fuel Technology and Diablosport.
In the aforementioned announcement, Holley CEO Tom Tomlinson said: “The Holley team is committed to capitalizing on the significant growth opportunities in the automotive performance industry. And today, MSDP and Holley are ideally positioned in their respective product segments. MSDP adds powerful, category-leading brands to our existing portfolio of similarly positioned performance brand offerings, better positions us as an undisputed industry leader, and helps meaningfully to ensure that we continue to develop and deliver the best innovative new performance products to all of our customers and value to all our stakeholders.”
The automotive aftermarket team at Jefferies, led by Jonathan Carey and Treavor Hill, served as financial advisor to Z Capital.
The sale of MSDP represents the seventh sell-side transaction in the performance automotive aftermarket led by members of the automotive aftermarket team since 2013 and their second transaction this month. The team also advised on the sale of Holley to Lincolnshire in 2014.
MSDP Group Sold To Holley/Lincolnshire Management
Z Capital Partners has sold the MSDP Group and its subsidiaries to Holley Performance Products (Bowling Green, KY), a portfolio company of Lincolnshire Management, which is a private equity firm headquartered in New York. Terms of the transaction were not disclosed.
El Paso, TX-based MSDP is a performance fuel and ignition systems company. Its brands include MSD, Racepak, Superchips, Edge, Accel and Mr. Gasket.
Since acquiring substantially all of MSDP out of bankruptcy in 2013, Z Capital has transformed the company, including its management team, brand marketing, supply chain network and distribution capabilities, as well as pursued strategic acquisitions – notably, the acquisition of the Accel Performance Group in late 2014.
“My partner, Rick Sullivan, and I are thrilled to announce the addition of MSDP to our portfolio,” Tom Callahan, managing director at Lincolnshire, is quoted as saying in a press release dated Sept. 23. “Under the leadership of a talented management team, MSDP has developed into a world-class performance automotive business, managing great brands and boasting key strengths in both ignition and electronic tuning technologies.”
Holley’s products include performance carburetors, fuel pumps, intake manifolds, and engine dress-up products for street performance, race, and marine applications. Its brand portfolio is comprised of Hooker Headers, Flowtech Exhaust, NOS Nitrous, Weiand, Earl’s Performance Plumbing, Quick Fuel Technology and Diablosport.
In the aforementioned announcement, Holley CEO Tom Tomlinson said: “The Holley team is committed to capitalizing on the significant growth opportunities in the automotive performance industry. And today, MSDP and Holley are ideally positioned in their respective product segments. MSDP adds powerful, category-leading brands to our existing portfolio of similarly positioned performance brand offerings, better positions us as an undisputed industry leader, and helps meaningfully to ensure that we continue to develop and deliver the best innovative new performance products to all of our customers and value to all our stakeholders.”
The automotive aftermarket team at Jefferies, led by Jonathan Carey and Treavor Hill, served as financial advisor to Z Capital.
The sale of MSDP represents the seventh sell-side transaction in the performance automotive aftermarket led by members of the automotive aftermarket team since 2013 and their second transaction this month. The team also advised on the sale of Holley to Lincolnshire in 2014.