CIVC has completed the acquisition of KPA Services, a provider of environmental, health, and safety compliance services. KPA represents the eighth platform investment within CIVC Partners Fund IV.
KPA Services provides environmental, health, & safety compliance and human resource management services to over 5,100 automotive, truck and equipment dealerships, and service companies. Customers include eight of the ten largest dealer groups. KPA Services is headquartered north of Denver in Lafayette, CO (www.kpaonline.com).
“KPA is the market leading platform in its sector with over twenty-five years of experience delivering high quality compliance solutions to its clients. We are excited to partner with CEO Vane Clayton and his team to support the company in expanding its service offering, entering new industry verticals, and pursuing strategic acquisitions,” said Scott Schwartz, a Partner at CIVC.
CIVC invests from $15 million to $85 million in middle-market companies that have revenues from $40 million to $300 million and minimum EBITDAs of $5 million. Sectors of interest include business services and financial services. CIVC currently manages over $1.4 billion in capital and is investing out of CIVC Partners Fund IV. The firm is based in Chicago (www.civc.com).
The acquisition of KPA builds on CIVC’s investment experience within the automotive services and environmental compliance sectors. Prior investments have included GWC Warranty (administrator of vehicle service contracts), Innovative Aftermarket Systems (provider of vehicle protection products and software solutions for auto dealers), Honor Finance (auto lender), and Thermo Fluids (provider of environmental services to automotive service centers).
“We are thrilled to be partnering with a CIVC team that enthusiastically supports our vision for KPA. CIVC’s deep knowledge of the automotive dealership and compliance sectors will enable them to be a true value-added partner as we successfully execute our growth strategy,” said CEO Vane Clayton.
The Presidio Group (www.thepresidiogroup.com) served as financial advisor to KPA.
2014 PEPD • Private Equity’s Leading News Magazine • 9-30-14