M&A Deal Summary

Kian Capital Partners Acquires Eastwood

On April 1, 2019, private equity firm Kian Capital Partners acquired e-commerce company Eastwood

Acquisition Highlights
  • This is Kian Capital Partners’ 1st transaction in the E-Commerce sector.
  • This is Kian Capital Partners’ 20th transaction in the United States.
  • This is Kian Capital Partners’ 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2019-04-01
Target Eastwood
Sector E-Commerce
Buyer(s) Kian Capital Partners
Deal Type Recapitalization
Advisor(s) Brown Gibbons Lang & Co. (Financial)

Target

Eastwood

Pottstown, Pennsylvania, United States
Eastwood is an e-commerce provider of branded professional-grade automotive tools, equipment, and supplies to the Do-It-Yourself (“DIY”) automotive enthusiast community. Eastwood is based in Pottstown, Pennsylvania.

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Buyer(S) 1

Buyer

Kian Capital Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2011
PE ASSETS 825M USD
Size Middle-Market
Type Sector Agnostic
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 20 of 27
Sector (E-Commerce) 1 of 1
Type (Recapitalization) 7 of 8
State (Pennsylvania) 1 of 1
Country (United States) 20 of 27
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-07 Lofa Industries

Roswell, Georgia, United States

Lofa Industries designs manufacture and distribute control panels, wiring harnesses, sensors, and telemetry for engine-driven off-highway equipment, including pumps, air compressors, chippers, materials processors, drillers, and generators. Lofa Industries was founded in 1989 and is based in Roswell, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-26 SPATCO

Charlotte, North Carolina, United States

SPATCO is a distributor and service of liquid handling equipment to the petroleum and industrial market. SPATCO was founded in 1953 and is based in Charlotte, North Carolina.

Sell -
Mergr

Product

Company

Legal