“Two monsters of the industry have partnered up. Industrial Opportunity Partners, an operations-focused private equity firm based in Evanston, Ill., and owner of Edelbrock LLC, today announced the acquisition of the COMP Performance Group.
Edelbrock, LLC and the COMP Performance Group and their respective management teams will currently operate as independent organizations, and we do not anticipate any interruption of service. Both teams will continue to provide the same great designs, products, and service that have made them respective market leaders as they explore opportunities to drive increased product and customer offerings.”
Maybe the new, larger organization recognized that it’s past time to escape Calif. ?
“Maybe the new, larger organization recognized that it’s past time to escape Calif. ?”
This could be the reason. OTOH, in my career as a manufacturing consultant, I dealt with many situations like this where the money people acquired an asset from somebody looking to cash out. I can’t think of many that resulted in significantly better organizations or operations. This includes acquisitions by big names like Siemens and Black & Decker.