M&A Deal Summary

Kohlberg & Company Acquires Parts Authority

On October 1, 2020, private equity firm Kohlberg & Company acquired distribution company Parts Authority from TJC

Acquisition Highlights
  • This is Kohlberg & Company’s 1st transaction in the Distribution sector.
  • This is Kohlberg & Company’s 68th transaction in the United States.
  • This is Kohlberg & Company’s 3rd transaction in New York.

M&A Deal Summary
Date 2020-10-01
Target Parts Authority
Sector Distribution
Buyer(s) Kohlberg & Company
Sellers(s) TJC
Deal Type Secondary Buyout
Advisor(s) Harris Williams & Co.
Cowen Group, Inc. (Financial)
Kirkland & Ellis (Legal)

Target

Parts Authority

Rockville Centre, New York, United States
Parts Authority is an automotive aftermarket replacement parts distribution platform serving the do-it-for-me and do-it yourself e-commerce channels of the automotive aftermarket. Parts Authority was founded in 1972 and is headquartered in Rockville Centre, New York.

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Buyer(S) 1

Buyer

Kohlberg & Company

Mount Kisco, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 11.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kohlberg & Company is a private equity firm which acquires middle-market companies with consistent cash flow, and underperforming companies with operational deficiencies. Kohlberg looks to commit $100 to $500 million of equity capital in opportunities valued from $200 million to $2 billion. Kohlberg generally looks for opportunities in the manufacturing and service sectors, however the Firm will also selectively consider businesses in food and healthcare. Kohlberg tends not to consider technology or communications companies. Kohlberg & Company was formed in 1987 and has offices in Mt. Kisco, New York.

DEAL STATS #
Overall 70 of 79
Sector (Distribution) 1 of 1
Type (Secondary Buyout) 24 of 32
State (New York) 3 of 3
Country (United States) 68 of 77
Year (2020) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-24 PCI Pharma Services

Philadelphia, Pennsylvania, United States

PCI Pharma Services is a provider of outsourced pharmaceutical supply chain solutions supporting biotechnology and pharmaceutical companies throughout the various stages of drug development and commercialization. PCI Pharma Services was founded in 2012 and is based in Philadelphia, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-23 Area Wide Protective

North Canton, Ohio, United States

Area Wide Protective is a provider of professional traffic control design and execution services in support of utility infrastructure maintenance and construction activity. Area Wide Protective was founded in 1993 and is based in North Canton, Ohio.

Buy -

Seller(S) 1

SELLER

TJC

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1982
PE ASSETS 14.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TJC is a private investment firm that specializes in acquiring North American middle-market businesses operating in basic industries. TJC specifically looks to provide liquidity for shareholders, raise capital for corporate growth and 'create significant equity opportunities for key management'. TJC will consider opportunities valued from $100 million to $2 billion in a wide variety of industries. Sectors of interest include aerospace/defense, automotive, building products, chemicals, consumer products, distribution, energy, financial services, healthcare, industrial products, insurance, metals, packaging, retail, transportation/logistics, and telecom. TJC was formerly known as The Jordan Company. The Firm was formed in 1982 and is based in New York City.

DEAL STATS #
Overall 50 of 58
Sector (Distribution) 2 of 2
Type (Secondary Buyout) 22 of 29
State (New York) 3 of 3
Country (United States) 48 of 56
Year (2020) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-20 TransImpact

Emerald Isle, North Carolina, United States

TransImpact is a supply chain technology and services company provides end-to-end technology-based solutions that optimize supply chain operations, create dramatic efficiencies, and transform the business performance of customers. TransImpact is based in Emerald Isle, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-15 Potters

Malvern, Pennsylvania, United States

Potters is a global manufacturer of engineered glass materials. Potters offers glass microspheres serving government agencies, highway and road maintenance contractors as well as automotive, construction, mining, personal care, medical and other industrial end markets. Potters is the largest worldwide producer of highway safety marking glass beads, which add reflectivity to road markings to make them more visible to drivers and comply with government-mandated safety regulations. Potters was founded in 1914 and is based in Malvern, Pennsylvania.

Buy $650M
Mergr

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