Investment Summary

LNC Partners and Kian Capital Partners Invest In Team Air

On June 1, 2023, private equity firms LNC Partners and Kian Capital Partners invested in distribution company Team Air

Investment Highlights
  • This is LNC Partners’ 2nd and Kian Capital Partners’ 6th transaction in the Distribution sector.
  • This is LNC Partners’ 42nd and Kian Capital Partners’ 25th transaction in the United States.
  • This is LNC Partners’ 4th and Kian Capital Partners’ 2nd transaction in Tennessee.

Investment Summary

Date 2023-06-01
Target Team Air
Sector Distribution
Investor(s) LNC Partners
Kian Capital Partners
Deal Type Growth Capital

Target

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 is based in Nashville, Tennessee.

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Investor(S) 2

Investor

LNC Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2010
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

LNC Partners is a private investment firm focused on providing $10 to $30 million of equity and junior capital to support a variety of company transactions. As a provider of debt, LNC offers subordinated debt and unitranche securities. As a provider of equity, LNC will invest as a minority or majority partner. Prospective transaction situations include buyouts, refinancings, acquisition financings, growth capital needs, and recapitalizations. Sectors of interest include business and information services, financial services, insurance, healthcare, and niche manufacturing. LNC Partners is based in Reston, Virginia.


DEAL STATS #
Overall 42 of 44
Sector (Distribution) 2 of 2
Type (Growth Capital) 18 of 20
State (Tennessee) 4 of 4
Country (United States) 42 of 44
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-03 Stretch Zone

Fort Lauderdale, Florida, United States

Stretch Zone is a franchisor focused on stretch therapy solutions and the only company that combines a proprietary stretch method with patented stretching equipment (Stretch Zone Stabilization System) to improve muscle function throughout the body. Stretch Zone was founded in 2004 and is based in Fort Lauderdale, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-18 Kaizen Auto Care

Yuma, Arizona, United States

Kaizen Auto Care is a full-service collision repair chain that provides paint and body repair, auto glass repair, fleet services, and electric vehicle specialty services to individuals and businesses through 48 locations across Arizona, Colorado, Southern California, Iowa, Nebraska, and Nevada. The Company aims to provide quality customer service and repairs to consumers, fostering strong partnerships with its insurance carriers. Kaizen Auto Care was formed in 2013 and is based in Yuma, Arizona.

Sell -
Investor
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 25 of 27
Sector (Distribution) 6 of 6
Type (Growth Capital) 5 of 5
State (Tennessee) 2 of 2
Country (United States) 25 of 27
Year (2023) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-30 Motor City Industrial

Hazel Park, Michigan, United States

Motor City Industrial is a distributor of fasteners and related products to a variety of industries including automotive, trucking, defense, construction, and automation tooling. Motor City Industrial was founded in 1965 and is based in Hazel Park, Michigan.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-17 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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