Industrial Opportunity Partners (IOP) an operations-focused private equity firm based in Evanston, IL, and owner of Edelbrock LLC since 2010, has announced the acquisition of the COMP Performance Group that includes COMP Cams, TCI Automotive, FAST, ZEX, Inglese and other leading automotive brands.
Edelbrock LLC and the COMP Performance Group along with their respective management teams will currently operate as independent operations. Both teams will continue to provide the same great designs, products and service that have made them respected market leaders as they explore opportunities to drive increased product and customer offerings.
Edelbrock CEO Don Barry commented, “We are excited to join forces with the COMP Cams team. We believe that both the Edelbrock and COMP Cams brands have an excellent position in the market and a great reputation for delivering innovative, quality, high-performance products.”
Chris Douglas, COMP Cams President, added, “The COMP Cams management team and I are looking forward to our partnership with IOP and Edelbrock. We believe IOP’s operations-focused approach will assist us in optimizing all aspects of our business to support continued growth and better serve the automotive aftermarket and racing communities.”
About Industrial Opportunity Partners
IOP, an Evanston, IL-based private equity firm with $910 million of committed capital since inception, is dedicated to creating value through investing in manufacturing and value-added distribution businesses with revenue between $30 million and $400 million. IOP focuses on businesses with strong product, customer, and market positions, and provides management and operational resources to support sales and earnings growth at its businesses. For more information, visit IOP’s website at www.iopfund.com.
About COMP Performance Group
Based in Memphis, TN, the COMP Performance Group is a family of aftermarket performance companies that includes such brands as COMP Cams®, TCI®, FAST®, RHS®, ZEX™, Inglese™ and many others. Winning performance, superior engineering and unmatched quality form its foundation, and from the street to the strip, circle track to road racing, the COMP Performance Group touches the lives of performance enthusiasts everywhere. Whether your vehicle is classic or modern, domestic or foreign, CPG has the product solution your powertrain needs. For more information, please visit www.compperformancegroup.com.
Edelbrock, LLC is recognized as an American institution and one of the nation’s top designers, manufacturers and distributors of automotive aftermarket performance parts. Edelbrock produces its core products in the USA, using state-of-the-art equipment in world-class manufacturing facilities and in-house engineering departments. Through the Edelbrock and Russell brands, it currently provides products for numerous vehicle types, including early- and late-model performance cars, trucks, JDM, and off-road applications. For more information, please visit www.edelbrock.com.