In massive high performance aftermarket industry news, Industrial Opportunity Partners, the owner of Edelbrock has acquired the COMP Performance Group and their associated brands. This continues a pattern of consolidation in the aftermarket that has seemingly ramped up over the last few years. As you will read below, IOP intends to run the companies as independent business units with their own respective management teams.
There are obviously a lot of strengths here and not that much overlap in product lines. Yes, COMP Has RHS for their cylinder head brand but Edlebrock’s head offerings are so vast and diversified that we don’t really see them as redundant, even in the same section of the market. It will be interesting to see what IOP decides to do with respect to the location of Edelbrock as they now have infrastructure in a far less expensive part of the country to do business and the Edelbrock real estate in California has to be worth a significant amount due to its location.
This is one we did not see coming. Here’s to hoping for prosperous and growth filled decades for these two iconic brands.
Here’s the announcement from Industrial Opportunity About Acquiring COMP
January 30, 2020 – Industrial Opportunity Partners (IOP), 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.
Edelbrock, LLC is recognized as an American institution and one of the nation’s top designers, manufacturers and distributors of automotive aftermarket performance parts. Edelbrock produces its core products in the USA, using state-of-the-art equipment in world-class manufacturing facilities and in-house engineering departments. Through the Edelbrock and Russell brands, it currently provides products for numerous vehicle types, including early- and late-model performance cars, trucks, JDM, and off-road applications. For more information, please visit https://www.edelbrock.com/.
About The COMP Performance Group
Based in Memphis, TN, the COMP Performance Group is a family of aftermarket performance companies that includes such brands as COMP Cams®, TCI®, FAST®, RHS®, ZEX™, Inglese™ and many others. Winning performance, superior engineering and unmatched quality form its foundation, and from the street to the strip, circle track to road racing, the COMP Performance Group touches the lives of performance enthusiasts everywhere. Whether your vehicle is classic or modern, domestic or foreign, CPG has the product solution your powertrain needs. For more information, please visit https://www.compperformancegroup.com/.