Announced
Completed
Financials
Tags
Private
Single Bidder
Acquisition
vehicle components
Auto Parts
United States
Disposal
Domestic
fuel systems
Majority
Friendly
Merger
performance products
Private Equity
Reverse Takeover
De-SPAC
Completed
Synopsis
MidOcean Partners-backed Empower, a special purpose acquisition company, completed the merger with Holley Performace Products, a performance automotive parts manufacturer, in a $1.55bn deal. “Together, with our respective strengths, we look forward to the growth opportunities ahead, further building the business for future success, gaining additional market share and continuing to grow as a leader in the enthusiast performance automotive industry,” Matthew Rubel, MidOcean Partners Chairman. On July 15, 2021, Empower's shareholders approved the merger.
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