M&A Deal Summary

Century Park Capital Partners and PNC Erieview Capital Acquire CJ Pony Parts

On April 5, 2021, private equity firm Century Park Capital Partners and mezzanine finance firm PNC Erieview Capital acquired e-commerce company CJ Pony Parts

Acquisition Highlights
  • This is Century Park Capital Partners’ 1st and PNC Erieview Capital’s 1st transaction in the E-Commerce sector.
  • This is Century Park Capital Partners’ 21st and PNC Erieview Capital’s 24th transaction in the United States.
  • This is Century Park Capital Partners’ 1st and PNC Erieview Capital’s 2nd transaction in Pennsylvania.

M&A Deal Summary
Date 2021-04-05
Target CJ Pony Parts
Sector E-Commerce
Buyer(s) Century Park Capital Partners
PNC Erieview Capital
Deal Type Recapitalization

Target

CJ Pony Parts

Harrisburg, Pennsylvania, United States
CJ Pony Parts is an e-commerce platform that sells restoration and performance parts to auto enthusiasts around the world. The Company is the number one player in the Classic Mustang aftermarket, with a broad product assortment of over 65K SKUs. In addition, CJ Pony Parts has developed an industry-leading library of online educational content for its customers. CJ Pony Parts was founded in 1985 and is based in Harrisburg, Pennsylvania.

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Buyer(S) 2

Buyer

Century Park Capital Partners

El Segundo, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 1.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Century Park Capital Partners (CPCP) is a private equity firm that partners with owners and managers to build companies. The Firm targets businesses generating sales of $20 to $100 million and EBITDA of $3 to $15 million. Century Park Capital specializes in facilitating owner liquidity and business expansion through minority and majority recapitalizations, growth financings, management led buyouts, and acquisition financings. CPCP looks to invest $10 to $40 million per transaction. Areas of interest include consumer products, food, education, business services, test/measurement equipment, medical components, pet supplies, packaging, automotive, chemicals, and third party logistics. CPCP was formed in 2000 and is based in Los Angeles with an additional office in Menlo Park, California.

DEAL STATS #
Overall 21 of 23
Sector (E-Commerce) 1 of 1
Type (Recapitalization) 7 of 9
State (Pennsylvania) 1 of 1
Country (United States) 21 of 23
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-20 Accelalpha

Bellevue, Washington, United States

Accelalpha is a Business and IT consulting services firm providing services across a breadth of industries. Accelalpha primarily focuses on providing end-to-end enterprise solution implementation services and is recognized for its rigorous, results-oriented approach in the development of solutions that deliver tangible results in a short time frame. Accelalpha’s breadth of consulting expertise includes project management, business process re-engineering, solutions architecture, application implementation, technology development, managed services, and systems administration. Accelalpha was founded in 2009 and is based in Bellevue, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-23 Covercraft

Pauls Valley, Oklahoma, United States

Covercraft is a manufacturer of custom-patterned vehicle covers, with a library that includes more than 80,000 distinct automotive patterns. Additional product lines include custom front and rear seat protectors, front-end masks, dashboard covers, floor mats, window heat shields, and pet protection products, among others. Covercraft was founded in 1965 and is based in Pauls Valley, Oklahoma.

Sell -
Buyer

PNC Erieview Capital

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1979
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

PNC Erieview Capital is a provider equity and junior capital to middle-market companies throughout the US and Canada. The Firm looks to support private equity sponsor-led buyouts and recapitalizations, non-sponsored buyouts, family office buyouts, and growth equity needs. PNC Erieview typically works with profitable companies (EBITDA greater than $5 million) valued from $20 to $250 million. Areas of interest include distribution, consumer products, healthcare, manufacturing, and services. The Firm was originally known as National City Equity Partners and was established in 1979. PNC Erieview Capital is based in Cleveland, Ohio.

DEAL STATS #
Overall 24 of 38
Sector (E-Commerce) 1 of 1
Type (Recapitalization) 5 of 8
State (Pennsylvania) 2 of 2
Country (United States) 24 of 38
Year (2021) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-04 Abrisa Technologies

Santa Paula, California, United States

Abrisa Technologies is a specialist in optical thin film coatings and fabricated technical glass solutions for photonics and more. Abrisa Technologies was founded in 1980 and is based in Santa Paula, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-01 Qualus Power Services

Cincinnati, Ohio, United States

Qualus Power Services is a provider of engineering and specialized technical field services to utility and private power grid infrastructure. Qualus Power Services was founded in 2018 and is based in Cincinnati, Ohio.

Sell -
Mergr

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