Recapitalization • E-Commerce

Kian Capital Partners Acquires Eastwood

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

Acquisition Context
  • 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.

Explore All 12 Recapitalization E-Commerce Deals - Search the Database Free


M&A Deal Summary

Date April 1, 2019
Target Eastwood
Sector E-Commerce
Buyer(s) Kian Capital Partners
Deal Type Recapitalization
Advisor(s) Brown Gibbons Lang (BGL) (Financial)

Target Company

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 was founded in 1978 and is based in Pottstown, Pennsylvania.
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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 20 of 30
Sector: E-Commerce 1 of 2
Type: Recapitalization 7 of 10
State: Pennsylvania 1 of 1
Country: United States 20 of 30
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 provider of liquid handling equipment to the petroleum and industrial market. SPATCO was founded in 1935 and is based in Charlotte, North Carolina.

Sell -