M&A Deal Summary

Kian Capital Partners Acquires PARC Auto

On August 17, 2023, private equity firm Kian Capital Partners acquired franchising company PARC Auto

Acquisition Highlights
  • This is Kian Capital Partners’ 1st transaction in the Franchising sector.
  • This is Kian Capital Partners’ 28th transaction in the United States.
  • This is Kian Capital Partners’ 1st transaction in Kentucky.

M&A Deal Summary

Date 2023-08-17
Target PARC Auto
Sector Franchising
Buyer(s) Kian Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

PARC Auto

Louisville, Kentucky, United States
PARC Auto is a franchisee of meineke car care centers that provides general automotive repair and maintenance with services including oil changes, brake and suspension repair, exhaust services, tire replacement, fluid changes and more. PARC Auto is based in Louisville, Kentucky.

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Buyer(S) 1

Buyer
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 28 of 30
Sector: Franchising M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 10 of 10
State: Kentucky M&A 1 of 1
Country: United States M&A 28 of 30
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-01 Team Air

Nashville, Tennessee, United States

Team Air is a wholesale distributor of HVAC equipment, parts and supplies to residential and commercial contractors in the Southeast US. Team Air was founded in 1990 and is based in Nashville, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-30 Purple Guys

Metairie, Louisiana, United States

Purple Guys is an IT-managed service provider with a full suite of services and solutions for small and mid-size businesses. Purple Guys was founded in 2000 and is based in Metairie, Louisiana.

Sell -