M&A Deal Summary

GPB Capital Acquires Kenny Ross Automotive Group

On July 17, 2017, asset manager GPB Capital acquired automotive company Kenny Ross Automotive Group

Acquisition Highlights
  • This is GPB Capital’s 1st transaction in the Automotive sector.
  • This is GPB Capital’s 4th transaction in the United States.
  • This is GPB Capital’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2017-07-17
Target Kenny Ross Automotive Group
Sector Automotive
Buyer(s) GPB Capital
Deal Type Recapitalization

Target

Kenny Ross Automotive Group

Irwin, Pennsylvania, United States
Kenny Ross Automotive Group which operates 10 automotive dealerships in the Pittsburgh metropolitan area. The company provides new and used cars, parts and accessories, car maintenance and repair services, and financing services. It supplies cars of Chevrolet, Cadillac, Ford, Mazda, Nissan, Toyota, and Subaru brands.

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Buyer(S) 1

Buyer

GPB Capital

Investor

Category Asset Manager
Founded 2013
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

GPB Capital is an asset management firm focused on acquiring income-producing private companies. Sectors of interest include automotive, retail, technology enabled services, waste management, and healthcare. GPB Capital was established in 2013 and is headquartered in New York City.

DEAL STATS #
Overall 4 of 11
Sector (Automotive) 1 of 1
Type (Recapitalization) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 4 of 11
Year (2017) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-15 Erus Energy

Phoenix, Arizona, United States

Erus Energy is a developer and installer of residential and commercial solar energy systems and solutions. The Company has a fully integrated offering including sales, financing, installation, and O&M services with operations from coast to coast. With over 11 years of service, an A+ rating, and over 7,000 clients, Erus Energy has become one of the most respected brands in the solar industry with operations from Arizona to the Carolina's.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-27 Staten Island Carting

Staten Island, New York, United States

Staten Island Carting, Inc. is a hauling company which currently operates five trucks that process approximately 815 tons of municipal solid waste and 165 tons of recycling per month in Staten Island, N.Y.

Buy -
Mergr

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