M&A Deal Summary

Sentinel Capital Partners Acquires Holley

On October 29, 2018, private equity firm Sentinel Capital Partners acquired automotive company Holley from Lincolnshire Management

Acquisition Highlights
  • This is Sentinel Capital Partners’ 4th transaction in the Automotive sector.
  • This is Sentinel Capital Partners’ 65th transaction in the United States.
  • This is Sentinel Capital Partners’ 2nd transaction in Kentucky.
Investment Fate
  • Holley was sold to a financial buyer in 2021.

M&A Deal Summary

Date 2018-10-29
Target Holley
Sector Automotive
Buyer(s) Sentinel Capital Partners
Sellers(s) Lincolnshire Management
Deal Type Secondary Buyout

Target

Holley

Bowling Green, Kentucky, United States
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.

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Buyer(S) 1

Buyer

Sentinel Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 11.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Sentinel Capital Partners is a private equity firm that targets investments in middle-market companies with strong management and 'attractive growth prospects'. Sentinel looks to invest up to $400 million of equity in companies generating EBITDA of up to $65 million. Sectors of interest include business services/outsourcing, consumer products and services, food and restaurants, franchising, and manufacturing. Prospective transaction situations include management buyouts, recapitalizations, corporate divestitures, take-privates, and growth capital financings. Sentinel Capital Partners was formed in 1995 and is based in New York, New York.


DEAL STATS #
Overall 71 of 99
Sector: Automotive M&A 4 of 5
Type: Secondary Buyout M&A Deals 22 of 38
State: Kentucky M&A 2 of 2
Country: United States M&A 65 of 91
Year: 2018 M&A 3 of 5
PREVIOUS 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.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-28 Apex

Rockville, Maryland, United States

Apex is a multi-disciplinary environmental services firm with 28 branches located throughout the Eastern and Central United States. The company provides a broad platform of environmental services, including stormwater system design, engineering, and maintenance; ports, harbors, and water system design and engineering; environmental remediation; industrial hygiene services; and general site assessment, regulatory compliance, and environmental consulting work. Apex was formed in 1988 and is headquartered in Rockville, Maryland.

Buy -

Seller(S) 1

SELLER

Lincolnshire Management

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 1.9B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Lincolnshire Management, Inc. (LMI) is a private equity firm focused on acquiring small and mid-sized companies in partnership with management. LMI typically targets companies with the majority of business conducted within the US. Prospective companies also have cash-flows of $5 to $50 million and significant opportunities for growth, either internally or through acquisitions. Target transaction situations include corporate divestitures, selling shareholders, and owners desiring liquidity. Lincolnshire Management was formed in 1986 and has office in New York City.


DEAL STATS #
Overall 19 of 24
Sector: Automotive M&A 1 of 1
Type: Secondary Buyout M&A Deals 7 of 12
State: Kentucky M&A 2 of 2
Country: United States M&A 18 of 23
Year: 2018 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-03 Amports

Jacksonville, Florida, United States

Amports is a port owner and infrastructure provider of automotive-vehicle processing services in North America. Amports was founded in 1995 and is based in Jacksonville, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 DHI

Vernal, Utah, United States

DHI is a service provider for the oil and gas industry, DHI delivers value to clients through integrated water management solutions, storage tank rentals, and equipment rentals. DHI was founded in 1969 and is based in Vernal, Utah.

Sell -