Recapitalization • Distribution

Kian Capital Partners Acquires SPATCO

On August 17, 2021, private equity firm Kian Capital Partners acquired distribution company SPATCO from RF Investment Partners

Acquisition Context
  • This is Kian Capital Partners’ 5th transaction in the Distribution sector.
  • This is Kian Capital Partners’ 23rd transaction in the United States.
  • This is Kian Capital Partners’ 6th transaction in North Carolina.

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M&A Deal Summary

Date August 17, 2021
Target SPATCO
Sector Distribution
Buyer(s) Kian Capital Partners
Sellers(s) RF Investment Partners
Deal Type Recapitalization
Advisor(s) Robinson Bradshaw (Legal)

Target Company

SPATCO

Charlotte, North Carolina, United States
SPATCO is a distributor and provider of liquid handling equipment to the petroleum and industrial market. SPATCO was founded in 1935 and is based in Charlotte, North Carolina.
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Buyer Overview 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 Context for Buyer #
Overall 23 of 30
Sector: Distribution 5 of 6
Type: Recapitalization 9 of 10
State: North Carolina 6 of 7
Country: United States 23 of 30
Year: 2021 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-17 T Sportline

Atlanta, Georgia, United States

T Sportline is a provider of premium-branded aftermarket parts and accessories designed specifically for Tesla vehicles. The Company has developed a full suite of custom wheels and interior and exterior accessories that inspire customers interested in upgrading their Model S, Model 3, Model X, Model Y and Roadster with modifications that not only enhance the look of their cars but also provide tangible performance gains. T Sportline was founded in 2013 and is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-25 Driven Lighting Group

Atlanta, Georgia, United States

Driven Lighting Group is a designer, marketer, influencer, and online retailer of aftermarket enthusiasts automotive lighting products. DLG's portfolio of premium brands covers all lighting categories including complete assemblies, bulbs, offroad lighting, and accent lighting. The extensive product offerings serve a diverse customer base, all of which is fueled by its sophisticated digital marketing and white glove customer service. Driven Lighting Group was founded in 2005 and is based in Atlanta, Georgia.

Sell -

Seller Profile 1

SELLER
DESCRIPTION

RF Investment Partners is a private investment firm focused on providing flexible capital solutions to small and mid-sized companies. The Firm looks to invest $10 to $40 million of equity/debt capital capital to support businesses with at least $10 million of revenue. Funds are generally used to support buyouts, recapitalizations, acquisitions, shareholder liquidity needs, and family successions. RF Investment Partners was formed in 2016 and is headquartered in New York City.


Deal Context for Seller #
Overall 2 of 7
Sector: Distribution 1 of 1
Type: Recapitalization 1 of 1
State: North Carolina 1 of 1
Country: United States 2 of 7
Year: 2021 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-11 GreenTech Environmental

Johnson City, Tennessee, United States

GreenTech Environmental is a provider of air purification system using its technologies available for consumers with portable and personal systems and commercial HVAC systems for use in office buildings, hotels, in-door stadiums, and more. The company is best known for its unique multi-technology approach to air purification. These technologies actively clean the air and surfaces in thousands of homes and commercial buildings across the globe. GreenTech Environmental was formed in 2009 and is based in Johnson City, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-07 Lugano Diamonds & Jewelry

Newport Beach, California, United States

Lugano Diamonds & Jewelry designs and retails high-jewellery pieces and custom jewellery, focusing on rare gems, intricate craftsmanship and luxury retail experiences. The Company serves an affluent international client base through boutiques in major cities and private-client appointments. Lugano Diamonds & Jewelry was established in 2004 and is based in Newport Beach, California.

Sell $256M