MidOcean Partners-backed Empower completed the merger with Holley in a $1.55bn deal.

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.