Investment Summary

Carousel Capital and Antares Capital Invest In Quality Automotive Services

On May 16, 2022, private equity firms Carousel Capital and Antares Capital invested in automotive company Quality Automotive Services

Investment Highlights
  • This is Carousel Capital’s 4th and Antares Capital’s 5th transaction in the Automotive sector.
  • This is Carousel Capital’s 34th and Antares Capital’s 53rd transaction in the United States.
  • This is Carousel Capital’s 12th and Antares Capital’s 3rd transaction in North Carolina.

Investment Summary

Date 2022-05-16
Target Quality Automotive Services
Sector Automotive
Investor(s) Carousel Capital
Antares Capital
Deal Type Growth Capital

Target

Quality Automotive Services

Charlotte, North Carolina, United States
Quality Automotive Services is a franchisee in the Valvoline Instant Oil Change (“VIOC”) system with locations across the Southeast and Midwest. VIOC is the second-largest quick lube operator in the United States, offering superior customer service utilizing Valvoline's product portfolio to deliver quick, easy and trusted preventive maintenance to its consumers. Quality Automotive Services was founded in 2001 and is based in Charlotte, North Carolina.

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Investor(S) 2

Investor

Carousel Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Carousel Capital is a private investment group that invests in companies headquartered in the Southeast US. The Firm targets leveraged buyouts and recapitalizations of businesses in consumer products/services, business services, and healthcare services. Carousel will consider both the majority and minority situations. Prospective companies are generally valued up to $250 million and have at least $3 million of EBITDA. Carousel Capital was formed in 1996 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 34 of 37
Sector (Automotive) 4 of 4
Type (Growth Capital) 2 of 2
State (North Carolina) 12 of 13
Country (United States) 34 of 37
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-20 CCG IQ

Charlotte, North Carolina, United States

CCG IQ is a provider of IT solutions for insurance underwriting and claims decisions. The CCQ IQ brands, which include HVACi, StrikeCheck, and JMI Reports, specialize in HVAC and electronics claims, as well as underwriting inspections for insurance professionals. Consolidated Claims Group LLC was founded in 2011 and is based in Charlotte, North Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-06 apexanalytix

Greensboro, North Carolina, United States

apexanalytix is a provider of supplier management, audit, recovery, and compliance software, and services. apexanalytix was founded in 1988 and is based in Greensboro, North Carolina.

Sell -
Investor

Antares Capital

Miami, Florida, United States

Investor Investor


Category Private Equity Firm
Founded 1993
Size Small
Type Sector Agnostic
DESCRIPTION

Antares Capital is a private investment group that targets growth capital financings as well as management buyout opportunities. The Firm focuses on investments based in the Southeast US and Texas. Prospective companies generally have proven business models, modest capital requirements for growth, and operate in large and growing markets. The Firm looks to commit $500k to $5 million per investment. Antares will not invest in real estate, mineral exploration, distributors, franchisees, or project financings. Antares was founded in 1993 and is based in Miami, Florida.


DEAL STATS #
Overall 54 of 55
Sector (Automotive) 5 of 5
Type (Growth Capital) 5 of 5
State (North Carolina) 3 of 3
Country (United States) 53 of 54
Year (2022) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-20 LSQ Funding

Orlando, Florida, United States

LSQ Funding is a technology-enabled provider of invoice and supply chain finance solutions to small and mid-sized businesses across a range of industries and geographies within the United States. The Company primarily provides factoring and asset-based lending solutions and helps clients outsource the back-office administration of accounts receivable management and expedite the cash conversion cycle. LSQ was founded in 1996 and is founded in Orlando, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-18 VLS Environmental Solutions

Houston, Texas, United States

VLS Environmental Solutions is a provider of waste treatment and recycling, and interior railcar cleaning services. VLS Environmental Solutions also provides customized processing solutions for non-hazardous waste, including waste-to-energy and other landfill diversion programs, solidification of liquid waste, recycling, and wastewater treatment. VLS Environmental Solutions was founded in 2007 and is based in Houston, Texas.

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