Empower raised $250,000,000 in its initial public offering in October 2020 and is listed on the NYSE under the ticker symbol "EMPW". Sentinel targets business services, consumer, healthcare services, and industrial businesses.Įmpower is a blank check company formed by MidOcean Partners whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Sentinel specializes in buying and building lower midmarket businesses in the United States and Canada in partnership with management. ![]() Holley’s net sales are estimated at $583 million for the fiscal year ended on December 31, 2020. Holley’s brands cover electronic fuel injection (Holley EFI), electronic tuning (APR, DiabloSport, Edge and Superchips), electronic ignition (MSD and ACCEL), carburetion (Holley), exhaust (Flowmaster and Hooker), safety (Simpson and Stilo) and other product categories. Founded in 1903, Holley is a leading designer, marketer, and manufacturer of high performance automotive aftermarket products, featuring the largest portfolio of iconic brands serving car and truck enthusiasts. Holley is controlled by Sentinel Capital Partners, L.L.C., a leading midmarket private equity firm, who will remain Holley’s largest shareholder upon closing. It is anticipated that the combined company will have approximately $485 million of net debt on its consolidated balance sheet. The company expects to use the proceeds from the transaction to invest in Holley’s growth initiatives, substantially reduce existing debt, support marketing efforts, and provide additional working capital. The transaction was financed through $250 million of cash held in Empower’s trust account, a $50 million forward purchase agreement from MidOcean Fund V, and a $240 million PIPE, which includes investments by Wells Capital Management, Inc. The transaction values Holley at an enterprise value of approximately $1.55 billion. (NYSE: EMPW), a publicly-traded special purpose acquisition company, announced they have entered into a definitive merger agreement that will result in Holley becoming a publicly listed company on the NYSE under the new ticker symbol “HLLY”. On March 12, Holley, a large and fast-growing performance automotive aftermarket platform and Empower Ltd. They are not supported by this product.Willkie represented Holley in the transaction, which values Holley at an enterprise value of approximately $1.55 billion. ** This product has not been tested or validated on right hand drive Jeep applications or imported (non-American VIN based)Jeep applications. HDMI Style Plug for Power and Linking EAS Accessories New switch panel screen to control EAS Power Switches Lastly, to complete the streamlined new look, our engineers added one simple HDMI style plug for power and linking EAS accessories.ĥ" Full Color, High-Resolution, Swipe ScreenĬustom Color Mixer for Gauge Arcs, Needles, and Backgrounds We didn't stop at making the display larger, we also made it better with a new high-resolution screen. In addition to the new slim case design, we upgraded to a 5 full-color display, making our gauges the sleekest in the industry. TrailDash2 for Jeep is a bigger and better performance controller than its predecessor. SAVES FACTORY SETTING AND RETURNS EASILY TO STOCK
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