About Holley Holley is a leading designer, marketer, and manufacturer of high-performance products for car and truck enthusiasts. Holley offers the largest portfolio of iconic brands that deliver innovation and inspiration to a large and diverse community of millions of avid automotive enthusiasts who are passionate about the performance and personalization of their classic and modern cars. Holley has disrupted the performance category by putting the enthusiast consumer first, developing innovative new products, and building a robust M&A process that has added meaningful scale and diversity to its platform. About Empower Ltd. Empower was a blank check company formed by MidOcean Partners whose business purpose was to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Empower's management team was led by Mr. Rubel, its Chief Executive Officer and Executive Chairman of its Board of Directors, and Mr. Clempson, Empower's President. Empower raised $250,000,000 in its initial public offering in October 2020 and was listed on the NYSE under the ticker symbols "EMPW", "EMPW-UN" and "EMPW-WT". About Sentinel Capital Partners Sentinel specializes in buying and building lower midmarket businesses in the United States and Canada in partnership with management. Sentinel targets business services, consumer, healthcare services, and industrial businesses. Sentinel invests in management buyouts, recapitalizations, corporate divestitures, going-private transactions, and structured equity investments of established businesses with EBITDA of up to $80 million. Sentinel also invests in special situations, including balance sheet restructurings and operational turnarounds. Forward Looking Statement Certain statements in this press release may be considered "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and within the meaning of Section 27a of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events or Holley's future financial or operating performance. For example, projections of future sales and other metrics are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may," "should," "expect," "intend," "will," "would," "will continue," "will be," "will likely result," "estimate," "anticipate," "believe," "predict," "project," "strategy," "future," "opportunity," "plan," or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Holley and its management, are inherently uncertain factors that may cause actual results to differ materially from current expectations include, but are not limited to: 1) the outcome of any legal proceedings that may be instituted against Holley or others following the closing of the business combination; 2) the ability to meet the NYSE's listing standards following the consummation of the business combination; 3) the risk that the business combination disrupts current plans and operations of Holley as a result of consummation of the business combination; 4) the ability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; 5) costs related to the business combination; 6) changes in applicable laws or regulations; 7) the possibility that Holley may be adversely affected by other economic, business and/or competitive factors; and 8) other risks and uncertainties set forth in the section entitled "Risk Factors" and "Forward-Looking Statements; Market, Ranking and Other Industry Data" in Empower's Registration Statement on Form S-4 filed with the U.S. Securities and Exchange Commission ("SEC"), and other documents of Empower filed, or of Holley, to be filed, with the SEC. Although Holley believes the expectations reflected in the forward-looking statements are reasonable, nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward looking statements will be achieved. There may be additional risks that Holley presently does not know or that Holley currently believes is immaterial that could also cause actual results to differ from those contained in the forward-looking statements. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Holley does not undertake any duty to update these forward-looking statements, except as otherwise required by law.
BofAML ups Apple price target from $230 to $250
NEW YORK, February 8, 2010 - Sentinel Capital Partners today announced that Edward Kuntz joined the firm as an operating partner, which increases to four the number of Sentinel's operating partners. Mr. Kuntz has worked closely with Sentinel since 2003 and currently is a director of Interim Healthcare and ReachOut Healthcare America. He also served as a director of Castle Dental Centers and Metro Dentalcare prior to the sale of these businesses.Mr. Kuntz also serves as chairman of Kindred Healthcare, Inc. (NYSE), one of the largest providers of long-term health care services in the United States. He joined Kindred in 1998 and served as CEO from 1999 to 2003. In 2004, he retired as CEO and became Executive Chairman. Mr. Kuntz also serves as a director of Rotech Healthcare, a publicly held provider of oxygen and related healthcare products. Previously, Mr. Kuntz was Chairman and CEO of Living Centers of America (NYSE), a long-term health care company operating more than 250 nursing centers and a pharmaceutical distribution and contract rehabilitation therapy business.Mr. Kuntz has been active in numerous professional and trade associations. He is a director of the Alliance for Quality Healthcare, a multi-facility long-term care organization. He is a past member of the Board of Governors of the American Health Care Association and a former director of the Federation of American Hospitals.Mr. Kuntz began his career in the private practice of law. He then served as Associate General Counsel of ARA Services (now Aramark) from 1978-1985 when he became Executive Vice President of ARA Living Centers. He held that position from 1985 until the formation of Living Centers of America in 1992. Mr. Kuntz received a BA degree, magna cum laude, and JD and Master of Law degrees from Temple University, where he was an editor of the law review and a Barenkopf Scholar.Sentinel Capital Partners is a private equity firm that specializes in buying and building smaller middle market companies in the United States and Canada in partnership with management. Sentinel targets consumer products, food and restaurants, franchising, manufacturing, and service businesses. Sentinel invests in management buyouts, recapitalizations, corporate divestitures and going-private transactions of established businesses with EBITDA of between $5 million and $35 million.
NEW YORK, February 8, 2010 - Sentinel Capital Partners today announced that Sidney Feltenstein joined the firm as an operating partner, which increases to four the number of Sentinel's operating partners. Mr. Feltenstein has worked closely with Sentinel since 2001 and currently is a director of Interim Healthcare, Inscape Publishing, Massage Envy, and Southern California Pizza Company. He also served as a director of Tony Roma's prior to the sale of this business.Mr. Feltenstein has had a successful career as a corporate executive and successful entrepreneur. In 1995, he led an private equity investment group that acquired A&W Restaurants. Under his leadership, the chain grew from 450 to almost 1,000 units in just five years. In 1999, FeItenstein led A&W's purchase of Long John Silver's. Under his leadership, A&W/Long John Silver's sales grew five times and its operating profits grew by 40 times. The company was sold to YUM! Brands in 2002 in a highly successful transaction.Previously, Mr. Feltenstein was EVP of Worldwide Marketing for the Burger King Corporation and is credited for reversing an eight-year decline in customer traffic. Before that, he spent 19 years at Dunkin' Donuts in both operations and marketing positions. Most recently, he served as its Chief Marketing Officer.Mr. Feltenstein is a past chairman of the International Franchise Association (IFA) and a former chairman of the IFA Educational Foundation. He also was the recipient of IFA's Entrepreneur of the Year Award. Mr. Feltenstein is a Trustee of Boston University and Chairman of its audit committee. He received a BA degree from Boston University.Sentinel Capital Partners is a private equity firm that specializes in buying and building smaller middle market companies in the United States and Canada in partnership with management. Sentinel targets consumer products, food and restaurants, franchising, manufacturing, and service businesses. Sentinel invests in management buyouts, recapitalizations, corporate divestitures and going-private transactions of established businesses with operating profit of between $5 million and $25 million. 2ff7e9595c
Comments