Investment Summary

PNC Riverarch Capital Invests In APA Industries

On January 10, 2023, private equity firm PNC Riverarch Capital invested in automotive company APA Industries

Investment Highlights
  • This is PNC Riverarch Capital’s 1st transaction in the Automotive sector.
  • This is PNC Riverarch Capital’s 26th transaction in the United States.
  • This is PNC Riverarch Capital’s 3rd transaction in California.

Investment Summary

Date 2023-01-10
Target APA Industries
Sector Automotive
Investor(s) PNC Riverarch Capital
Deal Type Growth Capital

Target

APA Industries

Simi Valley, California, United States
APA Industries is a supplier of replacement parts to the automotive aftermarket. APA designs, sources, and distributes a wide range of more than 8,000 automotive parts to a diverse range of warehouse distributor, retail, and eCommerce customers through its URO Parts and Autotecnica brands. APA Industries was founded in 1984 and is based in Simi Valley, California.

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Investor(S) 1

Investor

PNC Riverarch Capital

Pittsburgh, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2011
PE ASSETS 250M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

PNC Riverarch Capital is a middle-market private equity group that invests in privately-held companies headquartered throughout North America. The Group looks to commit $10 to $50 million to help fund recapitalizations, leveraged and management buyouts, corporate divestitures and growth financings. Target sectors include business and industrial services, specialized manufacturing, and value-added distribution. PNC Riverarch was formed in 2011 and is an affiliate of PNC Financial Services Group.


DEAL STATS #
Overall 31 of 35
Sector (Automotive) 1 of 1
Type (Growth Capital) 5 of 8
State (California) 3 of 4
Country (United States) 26 of 30
Year (2023) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-09 Backerhaus Veit

Mississauga, Ontario, Canada

Backerhaus Veit is a producer of artisan, European-style breads, rolls, buns, and soft pretzel products for top-tier retail and foodservice customers across North America. Backerhaus Veit was founded in 1987 and is based in Mississauga, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-31 Feeders Supply

Louisville, Kentucky, United States

Feeders Supply is an operator of 16 retail locations primarily in the Louisville metropolitan area. The company is focused on providing “everything you need for all the pets you feed” and offers a broad selection of premium pet food brands and products. Feeders Supply was founded in 1959 and is headquartered in Louisville, Kentucky.

Sell -