M&A Deal Summary

Copart Acquires QCSA Holdings

On June 4, 2013, Copart acquired business services company QCSA Holdings from Kinderhook Industries

Acquisition Highlights
  • This is Copart’s 1st transaction in the Business Services sector.
  • This is Copart’s 1st transaction in the United States.
  • This is Copart’s 1st transaction in Iowa.

M&A Deal Summary
Date 2013-06-04
Target QCSA Holdings
Sector Business Services
Buyer(s) Copart
Sellers(s) Kinderhook Industries
Deal Type Add-on Acquisition
Advisor(s) Three Ocean Partners LLC (Financial)
Kirkland & Ellis (Legal)

Target

QCSA Holdings

Eldridge, Iowa, United States
website
QCSA Holdings, Inc., through its brands, QCSA Direct, Crashed Toys and DVAA, is a remarketer of vehicles including commercial and industrial vehicles, cars, trucks, motorcycles, ATVs, RVs, boats and personal watercraft in the U.S. QCSA Direct is a provider of salvage vehicle auction and related services in the U.S. Salvage auctions act as an intermediary between salvage vehicle suppliers (primarily insurance companies) and salvage vehicle buyers (recyclers, dismantlers, rebuilders, scrap metal producers, etc.).

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Buyer(S) 1

Buyer

Copart

Dallas, Texas, United States

website

Category Company
Founded 1982
Sector Automotive
Employees9,500
Revenue 3.5B USD (2022)
DESCRIPTION

Copart is a provider of remarketing services to process and sell salvage and clean title vehicles to dealers, dismantlers, rebuilders, exporters and, in some states, to end users. Copart remarkets the vehicles through Internet sales utilizing its VB3 technology. Copart sells vehicles on behalf of insurance companies, banks, finance companies, fleet operators, dealers, car dealerships and others, as well as cars sourced from the general public. Copart was founded in 1982 and is based in Dallas, Texas.

DEAL STATS #
Overall 1 of 4
Sector (Business Services) 1 of 2
Type (Add-on Acquisition) 1 of 4
State (Iowa) 1 of 1
Country (United States) 1 of 3
Year (2013) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-12 Cycle Express

Poway, California, United States

Cycle Express LLC conducts business primarily as National Powersport Auctions. NPA predominantly auctions pre-owned powersports vehicles on behalf of financing companies, dealers and manufacturers.

Buy -

Seller(S) 1

SELLER

Kinderhook Industries

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2003
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kinderhook Industries targets control investments in companies valued between $25 to $250 million. Prospective transaction situations include acquiring non-core divisions of public companies, existing small capitalization companies lacking institutional support, management buyouts of entrepreneurial-owned businesses, and troubled companies. Sectors of interest include consumer products and services, media, packaging, industrial products, communications, and business services. Kinderhook Industries was formed in 2003 and is based in New York, New York.

DEAL STATS #
Overall 14 of 40
Sector (Business Services) 2 of 2
Type (Add-on Acquisition) 12 of 31
State (Iowa) 1 of 1
Country (United States) 13 of 39
Year (2013) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-04 Mastro s Restaurants

Woodland Hills, California, United States

Mastro's Restaurants LLC owns and operates nine premium fine dining steakhouses and seafood restaurants, comprised of six steakhouse restaurants under the brand name of Mastro’s Steakhouse and three seafood restaurants under the brand name of Mastro’s Ocean Club, in prime locations in Southern California, Arizona, Nevada and Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-03 GlobalHealth

Oklahoma City, Oklahoma, United States

GlobalHealth is a health maintenance organization (HMO) in Oklahoma, serving over 40,000 members. GlobalHealth is the largest private HMO serving Oklahoma’s state, education and municipal employees.

Buy -
Mergr

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