M&A Deal Summary

Marubeni Acquires C&K Auto Parts

On January 1, 2023, Marubeni acquired distribution company C&K Auto Parts from Mulberry Investment Group

Acquisition Highlights
  • This is Marubeni’s 8th transaction in the Distribution sector.
  • This is Marubeni’s 18th transaction in the United States.
  • This is Marubeni’s 3rd transaction in Virginia.

M&A Deal Summary
Date 2023-01-01
Target C&K Auto Parts
Sector Distribution
Buyer(s) Marubeni
Sellers(s) Mulberry Investment Group
Deal Type Add-on Acquisition

Target

C&K Auto Parts

Richmond, Virginia, United States
C&K Auto Parts is a distributor of remanufactured, used, OEM, and builder parts to the extended warranty industry. C&K has formed strategic alliances with the manufacturers in the country to streamline the process of providing inspected, high-quality parts on a timely basis to extended warranty companies and automobile dealer groups. C&K Auto Parts is based in Richmond, Virginia.

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Buyer(S) 1

Buyer

Marubeni

Tokyo, Japan
Category Company
Founded 1858
Sector Diversified
Employees42,882
Revenue 7.25T JPY (2024)
DESCRIPTION
Marubeni's corporate headquarters in Tokyo, Japan.
Marubeni's corporate headquarters in Tokyo, Japan.

Marubeni is a global trading and investment firm with a diverse range of business interests. Marubeni was founded in 1858 and is based in Tokyo, Japan.

DEAL STATS #
Overall 60 of 66
Sector (Distribution) 8 of 8
Type (Add-on Acquisition) 24 of 26
State (Virginia) 3 of 3
Country (United States) 18 of 18
Year (2023) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-01 Warranty Inspection Services

Richmond, Virginia, United States

Warranty Inspection Services is a provider of independent inspections for extended warranty customers throughout the United States and Canada. WIS’s proprietary software and a large network of experienced, certified inspectors ensure that customers receive reports within 24 hours. Warranty Inspection Services was founded in 2003 and is based in Richmond, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-11 Wizleap

Tokyo, Japan

Wizleap operates a web service, insurance agency, media, and platform development business to provide money consultation platform business “Money Carrier”, pet insurance comparison/consultation business “MOFFME”, and software development for financial institutions. Wizleap was formed in 2017 and is based in Tokyo.

Buy -

Seller(S) 1

SELLER

Mulberry Investment Group

Richmond, Virginia, United States

Investor Investor

Category Private Equity Firm
PE ASSETS 10M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Mulberry Investment Group is a private equity group focused on acquiring majority interests in small, private companies based in Virginia. Mulberry generally looks for situations where the firm can provide liquidity to owners facing retirement or succession issues. Target companies have at least $2 million in revenue and free cash flow between $500k and $2.5 million. Sectors of interest include niche manufacturers of consumer/industrial products, services, value-added distribution, and franchises. Mulberry will not invest in high-tech companies. Mulberry Investment Group is based in Richmond.

DEAL STATS #
Overall 3 of 3
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Virginia) 3 of 3
Country (United States) 3 of 3
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-01 Warranty Inspection Services

Richmond, Virginia, United States

Warranty Inspection Services is a provider of independent inspections for extended warranty customers throughout the United States and Canada. WIS’s proprietary software and a large network of experienced, certified inspectors ensure that customers receive reports within 24 hours. Warranty Inspection Services was founded in 2003 and is based in Richmond, Virginia.

Sell -
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