Kohlberg & Company Acquires Majority Stake in Parts Authority

October 1, 2020

Kohlberg & Company signed a definitive agreement to acquire a majority stake in Parts Authority. Parts Authority's existing management team, led by CEO Randy Buller, will continue to lead the business and remain significant owners, and The Jordan Company will retain a significant ownership position; financial terms were not disclosed. Headquartered in Lake Success, New York, Parts Authority operates more than 200 locations across the U.S., distributes nearly 500,000 SKUs, and serves independent installers, national fleets, jobbers and e-tailers.

Buyers
Kohlberg & Company
Targets
Parts Authority
Sellers
The Jordan Company
Location
New York, United States
Transaction Type
Buyout

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