COMP Cams acquired by private equity firm
COMP Cams, the manufacturer, distributor, and marketer of high-performance automotive aftermarket products specialising in camshaft and valvetrain related components has been acquired by private equity firm Industrial Opportunity Partners. COMP Cams joins a portfolio that includes Edelbrock. The terms of the transaction were not disclosed.
The transaction represents the fifth platform investment for IOP’s third fund. Phil Fioravante, an IOP operating principal, will assume the position of chairman of IOP’s automotive aftermarket platform.
Don Barry, Edelbrock CEO, commented, “We are excited to join forces with the COMP Cams team. We believe that both the Edelbrock and COMP Cams brands have an excellent position in the market and a great reputation for delivering innovative, quality, high-performance products.”
“The COMP Cams management team and I are looking forward to our partnership with IOP and Edelbrock,” said COMP Cams president Chris Douglas. “We believe IOP’s operations-focused approach will assist us in optimising all aspects of our business to support continued growth and better serve the automotive aftermarket and racing communities.”