Edelbrock Corporation completes private transaction

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Transactions

Edelbrock Corporation has completed a going private transaction

Kerlin acted as financial advisor to the Special Committee of the Board of Directors of Edelbrock Corporation in a going private transaction. Edelbrock Holdings, a newly formed company controlled by Victor Edelbrock, agreed to purchase the public interest in Edelbrock Corporation (which represented 49% of the outstanding shares) at a price of $16.75 per share. Kerlin represented the Special Committee of the Board of Directors of Edelbrock Corporation, negotiated an increased purchase price and provided a fairness opinion for the improved transaction. The total market capitalization in the transaction was $92 million.