In October 2018, Lincolnshire Management revealed that they had reached a deal to sell one of their best performing companies. This was big news because Lincolnshire Management had become one of the biggest in recent times thanks to the acquisitions that they had made. Their subsidiaries were doing well in the markets and that meant that they were making more money than ever before. The company in question in this announcement was Holley Performance parts. After that announcement, everyone wanted to know who had bought this company and what was likely to change in their operations.
Who bought Holley Management Parts?
According to the statement from Lincolnshire Management, Holley Performance Parts was bought by Sentinel Capital Partners through one of their affiliate companies. It was expected that the company will now be merged with another company that they acquired called Driven Performance Parts. Holley had received advice from top financial advisors and thus, they were confident that the deal will bring better tidings. For six years, they had worked Lincolnshire Management to provide top of the range solutions in the automotive industry. They will be remembered for their branded parts and the use of modern technology in their products.
What next for Lincolnshire Management?
Holley had established itself as a company that was serving a lifestyle market. They targeted a specific group of people who wanted to add some enthusiasm to their vehicles. That is the reason they always used the latest technologies and even customized their products based on the targeted market. Since they had been entangled with Lincolnshire Management, it means that they have left with that tag. Although Lincolnshire Management may have cashed in big on the sale, Lincolnshire Management know that they should be looking for a new company that can fill the void that has been left by Holley.
When Lincolnshire Management first entered the markets as a private equity firm, they knew that they had a lot to do. That was in 1986 when this industry was not as vibrant as it is today. However, over the years, Lincolnshire Management managed to assemble one of the best management teams and therefore, they have been reinventing themselves as the trends change.
Read more about Lincolnshire Management here https://www.wsj.com/articles/sentinel-buys-holley-performance-products-from-lincolnshire-1540828500