Kayne Anderson Capital Advisors Mergers and Acquisitions Summary

Asset Manager Profile

In the last 3 years, Kayne Anderson Capital Advisors has acquired 3 companies. It has also invested in 5 others.

Kayne Anderson Capital Advisors’ most common sectors for investment areoil/gas exploration (60%) and internet software and services (9%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (37%) and growth capital (29%). In total, Kayne Anderson Capital Advisors has invested in 25 US states and 2 different countries. Its largest (disclosed) acquisition occurred in 2016 when it acquired Sabinal Energy for $300M.

In the last 3 years, Kayne Anderson Capital Advisors has exited 15 companies. The Firm’s most common exit type is trade sale (40%). Kayne Anderson Capital Advisors’ largest (disclosed) exit occurred in 2022 when it sold Ensign Natural Resources for $3.0B.

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M&A Summary

  • M&A Total Activity261
    • M&A Buy Activity176
    • M&A Sell Activity85
  • Total Sectors Invested 28
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 65
  • M&A Advisors 2

Kayne Anderson Capital Advisors

Kayne Anderson Capital Advisors LP

2121 Avenue of the Stars 9th Floor,
Los Angeles, California 90067
United States
www.kayneanderson.com
investorrelations@kayneanderson.com

Kayne Anderson Capital Advisors is an alternative investment management firm focused on hedge funds, public funds, energy private equity, growth private equity, real estate private equity, and mezzanine finance opportunities. Kayne's energy private equity group focuses on $20 to $100 million investments in high-growth exploration and production, midstream and oilfield service companies. The energy group considers both majority or minority stakes in public and private businesses. Kayne's growth private equity practice involves structured investments in public and private companies looking for capital to finance expansion. This group will also consider middle-market leveraged transactions and management buyouts. Kayne's real estate private equity group invests in established, cash-flow generating projects. Areas of interest include student housing and campus-oriented retail properties, amongst other opportunistic investments. The Group looks for acquisitions of $25 to $100 million. Kayne's mezzanine team looks to provide $20 to $35 million of capital for mid-market businesses with $100 to $500 million of sales and $10 to $50 million of EBITDA. Kayne Capital Advisors was formed in 1984 and is based in Los Angeles with additional offices in Armonk, New York; New York City, and Houston.


Investment Criteria

Sectors of Interest: Automotive, Business Services, Chemicals, Construction, Consumer Services, Digital Media, Energy Services and Equipment, Environmental, Financial Services, Furniture, Healthcare Services, Information Technology, Internet Software and Services, Leisure, Manufacturing, Medical Products, Oil/Gas Exploration, Plastics, Real Estate, Software, Technology Hardware

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital, Recapitalization, Acquisition Financing, Secondary Buyout, Venture, Add-on Acquisition

Geographic Preferences: East US, Midwest US, South US, West US, Canada

Transaction Criteria Min Max
Target Revenue 100 500
Target EBITDA 10 50
Investment Size 20 100
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (2.4/yr) # 164 4 5 3 - - 176
vol $570M $570M
Sell (4.0/yr) # 65 5 7 7 - 1 85
vol $6.5B $150M $120M $3.0B $9.8B
  261

Most Recent M&A

Company Date Value Type
Zafin Labs Technologies Ltd. 2024-02-12 - Secondary Sale
Vancouver, British Columbia · www.zafin.com
Riviera Partners 2022-12-07 - Secondary Sale
San Francisco, California · www.rivierapartners.com
Search Optics LLC 2022-11-16 - Trade Sale
San Diego, California · www.searchoptics.com
Ensign Natural Resources LLC 2022-11-02 3.0B USD Trade Sale
Houston, Texas · www.ensignnr.com
Land Run Minerals V LLC 2022-10-31 - Joint Venture
Oklahoma City, Oklahoma · www.landrunminerals.llc
Shipfusion, Inc. 2022-04-13 - Growth Capital
Carol Stream, Illinois · www.shipfusion.com
myKaarma 2022-04-05 - Secondary Sale
Long Beach, California · www.mykaarma.com
Fully Managed, Inc. 2022-02-10 - Trade Sale
Ottawa, Ontario · www.fullymanaged.com
Munch's Supply Co., Inc. 2022-01-11 - Trade Sale
Hillside, Illinois · www.munchsupply.com
HRM Resources III LLC 2022-01-01 - Unknown
Denver, Colorado · www.hrmresources3.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
89 Energy III 2021-05-20 Native Exploration Holdings LLC 2021-05-20 3
Oklahoma, Oklahoma · www.eightynine.energy Oklahoma City, Oklahoma · www.nativeoilandgas.com
89 Energy III 2021-05-20 Acacia Exploration Partners, LLC 2021-05-20 2
Oklahoma, Oklahoma · www.eightynine.energy Dallas, Texas · www.acaciaep.com
Techniplas, Inc. 2014-05-01 Techniplas, Inc. - Plants 2020-06-18 1
Nashotah, Wisconsin · www.techniplas.com , United States

M&A by Sector

Sector Current # Value All-time # Value
Oil/Gas Exploration 11 (31%) 300M (71%) 104 (59%) 450M (79%)
Internet Software and Services 4 (11%) - 15 (9%) -
Software 3 (9%) - 12 (7%) -
Energy Services and Equipment 2 (6%) - 10 (6%) -
Information Technology 4 (11%) - 10 (6%) -
Business Services 1 (3%) - 2 (1%) -
Manufacturing - - 2 (1%) -
Chemicals 1 (3%) 120M (29%) 1 (1%) 120M (21%)
Automotive 1 (3%) - 1 (1%) -
Communications 1 (3%) - 1 (1%) -
Construction - - 1 (1%) -
Digital Media 1 (3%) - 1 (1%) -
Distribution - - 1 (1%) -
Environmental - - 1 (1%) -
Financial Services 1 (3%) - 1 (1%) -
Furniture - - 1 (1%) -
Healthcare Services - - 1 (1%) -
Life Science - - 1 (1%) -
Marketing - - 1 (1%) -
Media 1 (3%) - 1 (1%) -
Medical Products 1 (3%) - 1 (1%) -
Plastics 1 (3%) - 1 (1%) -
Restaurants - - 1 (1%) -
Retail 1 (3%) - 1 (1%) -
Safety/Security 1 (3%) - 1 (1%) -
Staffing - - 1 (1%) -
Technology Hardware - - 1 (1%) -
Test/Measurement Equipment - - 1 (1%) -
Total 35 $420M 176 $570M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 33 (94%) 420M (100%) 159 (90%) 570M (100%)
  Texas 8 (23%) 300M (71%) 70 (40%) 450M (79%)
  Oklahoma 4 (11%) - 19 (11%) -
  Colorado 1 (3%) - 16 (9%) -
  California 6 (17%) - 15 (9%) -
  Utah 3 (9%) - 4 (2%) -
  Illinois 2 (6%) - 4 (2%) -
  Tennessee 2 (6%) 120M (29%) 3 (2%) 120M (21%)
  Pennsylvania 1 (3%) - 3 (2%) -
  New York 1 (3%) - 3 (2%) -
  Michigan 1 (3%) - 2 (1%) -
  Georgia 1 (3%) - 2 (1%) -
  Florida - - 2 (1%) -
  Massachusetts - - 2 (1%) -
  Louisiana - - 2 (1%) -
  Kansas - - 2 (1%) -
  Arizona 1 (3%) - 1 (1%) -
  Wisconsin 1 (3%) - 1 (1%) -
  Virginia 1 (3%) - 1 (1%) -
  Alabama - - 1 (1%) -
  West Virginia - - 1 (1%) -
  South Carolina - - 1 (1%) -
  Ohio - - 1 (1%) -
  North Carolina - - 1 (1%) -
  Nevada - - 1 (1%) -
  Montana - - 1 (1%) -
Canada 2 (6%) - 17 (10%) -
  Alberta 1 (3%) - 10 (6%) -
  Ontario - - 4 (2%) -
  British Columbia 1 (3%) - 3 (2%) -
Domestic 33 (94%) 420M (100%) 159 (90%) 570M (100%)
Cross-border 2 (6%) - 17 (10%) -
Total 35 $420M 176 $570M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 3 (9%) - 65 (37%) 150M (26%)
Growth Capital 18 (51%) 300M (71%) 51 (29%) 300M (53%)
Stake Purchase 2 (6%) - 37 (21%) -
Venture 4 (11%) - 8 (5%) -
Secondary Buyout 2 (6%) - 6 (3%) -
Divestiture 1 (3%) 120M (29%) 2 (1%) 120M (21%)
PIPE - - 2 (1%) -
Recapitalization 2 (6%) - 2 (1%) -
Acquisition Financing 1 (3%) - 1 (1%) -
Consolidation 1 (3%) - 1 (1%) -
Joint Venture 1 (3%) - 1 (1%) -
Total 35 $420M 176 $570M

Exits by Deal Type

Type Total # Value
Unknown 31 (36%) -
Trade Sale - Public Company 18 (21%) 8.6B (88%)
Trade Sale 17 (20%) 686M (7%)
Secondary Sale 11 (13%) 460M (5%)
Merger 4 (5%) -
Bankruptcy 1 (1%) -
IPO 1 (1%) -
Sold to Management 1 (1%) -
Stake Sale 1 (1%) -
Total 85 $9.8B

Top M&A Advisors

Legal Deals
McDermott Will & Emery
 1
Troutman Pepper Hamilton Sanders
 1

Deal Values

buy # Total
$100M to $1B 3 $570M
TOTAL $570M
Largest Sabinal Energy LLC
$300M (2016-07-18)
sell # Total
> $1B 2 $5.4B
$100M to $1B 11 $4.3B
< $100M 1 $14M
TOTAL $9.8B
Largest Ensign Natural Resources LLC
$3.0B (2022-11-02)

M&A Connections

Deals
Acquired from
Investor(s)
3%
6 (3%)
Strategic(s)
1%
2 (1%)
Exited to
Investor(s)
14%
12 (14%)
Strategic(s)
44%
37 (44%)

Investor Summary

Investor Type

Asset Manager

Size

Mega

PE Assets

36.0B USD

Established

1984

Specialist/Generalist

Generalist

Leadership

Daniel Weingeist

Managing Partner & Co-Head of Kayne Energy Private Equity

Nishita Cummings

Managing Partner & Co-Head, Growth Equity

Mark Teshoian

Managing Partner & Co-Head, Kayne Energy Private Equity

Frank Arentowicz

Senior Managing Director, Client Relations

Orr Shepherd

Senior Managing Director, Client Relations

FAQ

When was Kayne Anderson Capital Advisors founded?

Kayne Anderson Capital Advisors was founded in 1984.

What type of investor is Kayne Anderson Capital Advisors?

Kayne Anderson Capital Advisors is an asset manager.

Where is Kayne Anderson Capital Advisors headquartered?

Kayne Anderson Capital Advisors is headquartered in Los Angeles, California.

How much capital does Kayne Anderson Capital Advisors have under management?

Kayne Anderson Capital Advisors has 36.0B USD under management.

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