M&A Deal Summary |
|
|---|---|
| Date | 2023-08-17 |
| Target | Meineke |
| Sector | Franchising |
| Buyer(s) | Kian Capital Partners |
| Sellers(s) | Driven Brands |
| Deal Type | Divestiture |
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| Category | Private Equity Firm |
|---|---|
| Founded | 2011 |
| PE ASSETS | 825M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Kian Capital Partners is a private equity firm focused on providing equity and junior capital to support growth, buyouts, shareholder liquidity needs, recapitalizations, divestitures, and refinancings of profitable lower middle-market companies with up to $150 million in revenue. Kian will consider opportunities throughout the US and seeks businesses operating in the business services, distribution, healthcare services, and niche manufacturing sectors. Kian Capital Partners was formed in 2011 and is based in Charlotte, North Carolina.
| DEAL STATS | # |
|---|---|
| Overall | 27 of 27 |
| Sector (Franchising) | 2 of 2 |
| Type (Divestiture) | 1 of 1 |
| State (North Carolina) | 7 of 7 |
| Country (United States) | 27 of 27 |
| Year (2023) | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-08-17 |
PARC Auto
Louisville, Kentucky, United States PARC Auto is a franchisee of meineke car care centers that provides general automotive repair and maintenance with services including oil changes, brake and suspension repair, exhaust services, tire replacement, fluid changes and more. PARC Auto is based in Louisville, Kentucky. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-04-30 |
Purple Guys
Metairie, Louisiana, United States Purple Guys is an IT-managed service provider with a full suite of services and solutions for small and mid-size businesses. Purple Guys was founded in 2000 and is based in Metairie, Louisiana. |
Sell | - |
| Category | Company |
|---|---|
| Founded | 1972 |
| Sector | Franchising |
| Employees | 11,000 |
| Revenue | 2.0B USD (2022) |
Driven Brands is a parent company of automotive aftermarket brands across four distinct verticals: Repair & Maintenance, housing Meineke Car Care Centers; Paint & Collision, housing Maaco, CARSTAR, and ABRA; Distribution, housing 1-800-Radiator & A/C and Spire Supply; and Quick Lube, housing Take 5 Oil Change. Driven Brands has over 2,800 centers across North America, and combined; all businesses generate more than $2.8 billion in system sales and service approximately 8 million vehicles annually. Driven Brands was incorporated in 1972 and is based in Charlotte, North Carolina.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Franchising) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (North Carolina) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2023) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-07-07 |
K&K Glass
Tampa, Florida, United States K&K Glass provides quality products and services to automotive, residential, and commercial glass consumers. The company demonstrates its commitment to excellence and consumer safety through professionally trained certified technicians and customer service representatives with outstanding customer service and quality products. K&K Glass was formed in 1994 and is based in Tampa, Florida. |
Buy | - |
