DIABLOSPORT, INC. HAS BEEN ACQUIRED BY HOLLEY PERFORMANCE PRODUCTS, INC.
Birmingham, Michigan – December 8, 2014 – Angle Advisors is pleased to announce that Holley Performance Products, Inc. (“Holley”) has acquired DiabloSport, Inc. (“DiabloSport” or the “Company”). Angle Advisors acted as the exclusive investment banking advisor to DiabloSport in completing this transaction.
Based in Delray Beach, FL, DiabloSport is a leading provider of customizable and pre-programmed engine and transmission tuning software, devices and related accessories for the automotive aftermarket. The Company is recognized as the go-to supplier of tuners and tuner related accessories for domestic muscle car and truck enthusiasts. The Company’s tuners provide consumers with a number of benefits, including maximizing torque, horsepower, and increasing fuel economy, responsiveness, acceleration/throttle response, and overall drivability. DiabloSport has created long-term customer loyalty and strong brand equity in providing coverage to more domestic nameplates than any other industry participants, including Jeep, Dodge, Ram, Chevrolet, GMC, Cadillac, and Ford. DiabloSport is comprised of 25 highly skilled and technical employees, including software and hardware engineers, tuners and calibrators, as well as sales, marketing, and technical support specialists.
Mike Johnston, Chief Operating Officer of DiabloSport said, “I’d like to thank our team at Angle Advisors who helped us find an excellent strategic partner to accelerate our growth and market reach. Their industry knowledge and relationships were instrumental in the successful outcome and we are very pleased with the confidential process Angle ran.”
Headquartered in Bowling Green, KY, Holley Performance Products, Inc. is a manufacturer, marketer and supplier of fuel systems and exhaust products to the $8.5 billion performance automotive aftermarket. The Company is a leading supplier of performance carburetors, electronic fuel injection systems, intake manifolds, nitrous oxide systems, automotive plumbing products and performance exhaust systems. Holley offers products that are coveted by professionals and weekend enthusiasts alike in virtually every segment of the performance aftermarket, from street performance to hard-core racing. The products are sold under numerous brands, including Holley, Quick Fuel Technology, Demon Fuel Systems, Earl’s Performance Plumbing, Weiand Air Systems, Hooker Headers, NOS Nitrous Oxide Systems and Flowtech Exhaust. These products represent “must carry” brands for performance parts suppliers and are carried virtually everywhere performance auto parts are sold. For additional information, please visit www.holley.com.
Angle Advisors, with offices in the United States, Germany, the United Kingdom, and China, specializes in mergers and acquisitions with a particular emphasis on the vehicular and industrial sectors. The firm's 35 professionals have completed 125 M&A transactions since the beginning of 2009 for multinational corporations, privately-held companies, private equity funds, and public sector clients. For additional information, please visit www.angleadvisors.com.