Torrance, CA (June 17, 2010) – On behalf of the employees, management team and ownership of Edelbrock LLC and its affiliates, Edelbrock is pleased to announce that Industrial Opportunity Partners (“IOP”), a Chicago-based private equity firm, has made an investment in Edelbrock.
“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”, stated Edelbrock Chairman, Vic Edelbrock. “We’ve weathered the economic storm and constraints of the fragile banking system over the past eighteen 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.”
Edelbrock President, John Colaianne, shared – “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.”
The Edelbrock management team led by Vic Edelbrock, Chairman, and John Colaianne, President, will continue to manage the Company. Their management team and company personnel are extremely enthusiastic about continuing to provide their customers with professional and dedicated customer service and high quality products, as they have since 1938.
Founded in 1938, Edelbrock Corp. is recognized as one of the nation’s premier designers, manufacturers and distributors of performance replacement parts for the automotive and motorcycle after markets. For more information please visit us at www.edelbrock.com
ABOUT INDUSTRIAL OPPORTUNITY PARTNERS (IOP)
Industrial Opportunity Partners, LLC (“IOP”), based in Evanston, IL, is a private equity investment firm with $185 million of committed capital focused on acquiring and managing middle-market manufacturing and value-added distribution businesses. Utilizing its operations-focused approach and dedicated Board of Operating Principals, IOP has a proven track record of stabilizing, growing and enhancing the value of its acquired businesses.
For more information visit www.IOPfund.com