M&A Deal Summary

Holley Acquires Autotronic Controls

On September 23, 2015, Holley acquired automotive company Autotronic Controls from Z Capital Group and Monroe Capital

Acquisition Highlights
  • This is Holley’s 1st transaction in the Automotive sector.
  • This is Holley’s 2nd transaction in the United States.
  • This is Holley’s 1st transaction in Texas.

M&A Deal Summary
Date 2015-09-23
Target Autotronic Controls
Sector Automotive
Buyer(s) Holley
Sellers(s) Z Capital Group
Monroe Capital
Deal Type Add-on Acquisition

Target

Autotronic Controls

El Paso, Texas, United States
Autotronic Controls Corp. is a designer, developer and manufacturer of automotive products including ignition controls, fuel injection systems, coils, timing accessories, spark plug wires and accessories.

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Buyer(S) 1

Buyer

Holley

Bowling Green, Kentucky, United States
Category Company
Founded 1903
Sector Automotive
Employees1,594
Revenue 660M USD (2023)
DESCRIPTION
Holley's corporate headquarters in Bowling Green, Kentucky.
Holley's corporate headquarters in Bowling Green, Kentucky.

Holley is a designer, marketer, and manufacturer of high-performance products for car and truck enthusiasts. Holley offers the largest portfolio of iconic brands that deliver innovation and inspiration to a large and diverse community of millions of avid automotive enthusiasts who are passionate about the performance and personalization of their classic and modern cars. Holley was founded in 1903 and is based in Bowling Green, Kentucky.

DEAL STATS #
Overall 2 of 8
Sector (Automotive) 1 of 7
Type (Add-on Acquisition) 2 of 7
State (Texas) 1 of 1
Country (United States) 2 of 8
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-10 Quick Fuel Technology

United States

Quick Fuel Technology, a manufacturer of high performance carburetors.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-29 Driven Performance Brands

Santa Rosa, California, United States

Driven Performance Brands is a manufacturer of automotive aftermarket products. The Company was founded in 1953 and is based in Santa Rosa, California.

Buy -

Seller(S) 2

SELLER

Z Capital Group

Investor Investor

Category Asset Manager
Founded 2006
PE ASSETS 2.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Z Capital Group is an alternative asset management firm that manages both opportunistic, value-oriented private equity and credit funds. The Firm's private equity group pursues control investments in companies that involve turnarounds, corporate carve-outs, growth platforms, go-private transactions, and restructurings. The Firm's credit group invests across a range of credit including leveraged loans, private debt, and opportunistic credit. Z Capital Group was formed in 2006 and has offices in New York City and Chicago.

DEAL STATS #
Overall 1 of 2
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Texas) 1 of 1
Country (United States) 1 of 2
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-15 The Carillon Hotel &

Miami Beach, Florida, United States

Carillon Hotel has always remained a staple of the Miami Beach skyline.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-11 Waldhaus Flims Mountain Resort AG

Flims, Switzerland

Waldhaus Flims Mountain Resort AG is a provider of distinguished tourist destination services.

Buy -
SELLER

Monroe Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Lender
Founded 2004
PE ASSETS 14.1B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Monroe Capital is a provider of senior and junior debt and equity co-investments to middle-market companies in the US and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, asset based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. Monroe Capital is a generalist investor and will consider companies in the healthcare, technology, media, retail, consumer sectors. Monroe Capital was formed in 2004 and is based in Chicago.

DEAL STATS #
Overall 11 of 53
Sector (Automotive) 1 of 3
Type (Add-on Acquisition) 7 of 27
State (Texas) 1 of 6
Country (United States) 11 of 53
Year (2015) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-24 Cytovance Biologics

Oklahoma City, Oklahoma, United States

Cytovance is a contract manufacturing organization of mammalian and microbial biologics. The company works with biotechnology and pharmaceutical companies in the development and manufacturing of proteins, antibodies, and cell-based therapeutic products. Cytovance supports its customers from clinical development to commercial launch in domestic and international markets.

Sell $206M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-06 Opus Agency

Beaverton, Oregon, United States

Opus Agency is a provider of corporate event solutions with a focus on market-leading technology sector clients. Opus Agency provides event marketing, management, and production solutions to Fortune 1000 companies. Opus Agency was founded in 1993 and is based in Beaverton, Oregon.

Buy -
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