Kian Capital Acquires Brycor (Meineke Franchisee) to Launch PARC Auto Platform

Kian-Backed PARC Auto Becomes Largest Meineke Franchisee Through Strategic Acquisitions

August 15, 2024

Automotive

Kian Capital-backed PARC Auto has grown its Meineke Car Care Center platform from 15 to 35 locations since July 2023 through new store openings and four strategic acquisitions, making it the largest Meineke franchisee. The company, headquartered in Louisville, Kentucky, added a new COO and plans continued buy-and-build expansion across Florida, Indiana, Texas and the Portland, Oregon metro.

American Industrial Acquisition Corporation Acquires KI USA Corporation

November 21, 2024

Manufacturing

An affiliate of American Industrial Acquisition Corporation (AIAC) has acquired KI USA Corporation from Keiaisha Co., Ltd. The deal includes KI USA’s Berea, Kentucky manufacturing facility and its subsidiary in Irapuato, Guanajuato, Mexico; AIAC intends to maintain technical support from Keiaisha during transition and pursue additional long‑term automotive contracts.

Petroleum Service Corporation Acquires Prokar, Inc.

June 21, 2021

Industrial Services

Petroleum Service Corporation (PSC), a portfolio company of Aurora Capital Partners, has acquired Prokar, Inc., a regional provider of on-site railcar repair, maintenance and inspection services serving petrochemical and refining customers in Texas and Louisiana. Prokar's founder and president, Lee Schreve, will join PSC's railcar repair leadership team as part of the transaction, expanding PSC's railcar repair footprint and capabilities.

Sonic Automotive / EchoPark Acquires Carbiz Dealership Group

March 16, 2021

Automotive

Sonic Automotive, through its EchoPark Automotive segment, acquired the family-owned Carbiz dealership group and integrated two Carbiz locations in Baltimore and Laurel, Maryland into the EchoPark network. The deal retained all 65 Carbiz associates and expands EchoPark's nationwide footprint as part of Sonic's broader growth in the pre-owned vehicle retail market.

Ares Management Acquires Capital Automotive (CARS) from Brookfield for $3.8 Billion

February 8, 2022

Real Estate

Funds managed by Ares Management Corporation's Alternative Credit strategy and Real Estate Group acquired Capital Automotive LLC (CARS) from a Brookfield private real estate fund for $3.8 billion. CARS, headquartered in McLean, Virginia, owns a portfolio of more than 250 net-lease automotive dealership properties across the U.S. and Canada; the acquisition expands Ares' net-lease capabilities and increases its net lease gross asset value to more than $7 billion over the prior 15 months.

Parthenon Capital Partners Acquires Majority Stake in KBRA

December 13, 2021

Financial Services

Parthenon Capital Partners has agreed to acquire a majority stake in KBRA, the full-service global credit rating agency headquartered in New York. The investment will provide KBRA with capital and partnership to accelerate growth, expand its analytics and ratings capabilities, and support domestic and international expansion.