Norwest Mezzanine Partners Supports Industrial Opportunity Partners’ Acquisition of Competition Cams

Minneapolis, Minnesota – Norwest Mezzanine Partners (NMP) has invested a combination of subordinated debt and equity securities to support Industrial Opportunity Partners (IOP) in its acquisition of Competition Cams, Inc. as part of its automotive aftermarket platform which includes current IOP portfolio company Edelbrock, LLC.

Carter Balfour, NMP Partner, stated, “Both COMP Cams and Edelbrock are leaders in the high-performance automotive aftermarket parts industry. The two businesses are highly complementary and will be led by an experienced management team. In addition to partnering with the management team, we are excited to partner with IOP, who will provide world-class resources and expertise to help further grow the platform.”

“We’re excited to have NMP support us in helping grow our automotive aftermarket platform. NMP has become an excellent partner to IOP and we highly value our relationship with them,” commented Bob Vedra, Senior Managing Director of IOP.

COMP Cams is a manufacturer, distributor, and marketer of high-performance automotive aftermarket products specializing in camshaft and valvetrain related components. The Company is headquartered in Memphis, Tenn.  For more information, visit COMP Cam’s website at www.compperformancegroup.com.

Edelbrock is a top designer, manufacturer and distributor 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, Japanese domestic, and off-road applications. For more information, please visit www.edelbrock.com.

About Industrial Opportunity Partners

Industrial Opportunity Partners, an Evanston, IL based private equity firm with $910 million of committed capital since inception, is dedicated to creating value through investing in manufacturing and value-added distribution businesses with sales between $30 million and $400 million. IOP focuses on businesses with strong product, customer, and market positions, and provides management and operational resources to support sales and earnings growth at its businesses. For more information, please visit www.iopfund.com.