M&A Deal Summary

Kian Capital Partners Acquires SPATCO

On August 17, 2021, private equity firm Kian Capital Partners acquired distribution company SPATCO from RF Investment Partners

Acquisition Highlights
  • This is Kian Capital Partners’ 5th transaction in the Distribution sector.
  • This is Kian Capital Partners’ 23rd transaction in the United States.
  • This is Kian Capital Partners’ 6th transaction in North Carolina.

M&A Deal Summary
Date 2021-08-17
Target SPATCO
Sector Distribution
Buyer(s) Kian Capital Partners
Sellers(s) RF Investment Partners
Deal Type Secondary Buyout

Target

SPATCO

Charlotte, North Carolina, United States
website
SPATCO is a distributor and service of liquid handling equipment to the petroleum and industrial market. SPATCO was founded in 1953 and is based in Charlotte, North Carolina.

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Buyer(S) 1

Buyer

Kian Capital Partners

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2011
PE ASSETS 825M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

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 23 of 27
Sector (Distribution) 5 of 6
Type (Secondary Buyout) 1 of 1
State (North Carolina) 6 of 7
Country (United States) 23 of 27
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-17 T Sportline

Van Nuys, California, United States

T Sportline is a provider of premium-branded aftermarket parts and accessories designed specifically for Tesla vehicles. The Company has developed a full suite of custom wheels and interior and exterior accessories that inspire customers interested in upgrading their Model S, Model 3, Model X, Model Y and Roadster with modifications that not only enhance the look of their cars but also provide tangible performance gains.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-25 Driven Lighting Group

Atlanta, Georgia, United States

Driven Lighting Group is a designer, marketer, influencer, and online retailer of aftermarket enthusiasts automotive lighting products. DLG's portfolio of premium brands covers all lighting categories including complete assemblies, bulbs, offroad lighting, and accent lighting. The extensive product offerings serve a diverse customer base, all of which is fueled by its sophisticated digital marketing and white glove customer service. Driven Lighting Group was founded in 2005 and is based in Atlanta, Georgia.

Sell -

Seller(S) 1

SELLER

RF Investment Partners

Investor Investor Investor Investor Investor

website

Category Mezzanine Finance Firm
Founded 2016
PE ASSETS 683M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

RF Investment Partners is a private investment firm focused on providing flexible capital solutions to small and mid-sized companies. The Firm looks to invest $10 to $40 million of equity/debt capital capital to support businesses with at least $10 million of revenue. Funds are generally used to support buyouts, recapitalizations, acquisitions, shareholder liquidity needs, and family successions. RF Investment Partners was formed in 2016 and is headquartered in New York City.

DEAL STATS #
Overall 2 of 6
Sector (Distribution) 1 of 1
Type (Secondary Buyout) 1 of 3
State (North Carolina) 1 of 1
Country (United States) 2 of 6
Year (2021) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-11 GreenTech Environmental

Johnson City, Tennessee, United States

GreenTech Environmental is a provider of air purification system using its technologies available for consumers with portable and personal systems and commercial HVAC systems for use in office buildings, hotels, in-door stadiums, and more. The company is best known for its unique multi-technology approach to air purification. These technologies actively clean the air and surfaces in thousands of homes and commercial buildings across the globe. GreenTech Environmental was formed in 2009 and is based in Johnson City, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-07 Lugano Diamonds & Jewelry

Newport Beach, California, United States

Lugano Diamonds & Jewelry is an international jewelry firm provides jewelry art in addition to being a leading jeweler to the ultra-high net worth clients. Each design is a signature creation by Lugano Diamonds, featuring artistic, one-of-a-kind settings. Lugano Diamonds & Jewelry was established in 1974 and is based in Newport Beach, California.

Sell $256M
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