CIVC Partners, L.P., a Chicago-based middle market private equity firm focused on investments in the business services and financial services industries, is pleased to announce the acquisition of KPA Services, LLC (“KPA” or the “Company”) in partnership with management.
KPA provides environmental, health, & safety (“EHS”) compliance and human resource management (“HR”) solutions to over 5,000 automotive, truck and equipment dealerships, and service companies. KPA’s EHS solution combines onsite inspections by its risk management consultants with a proprietary SaaS platform to improve clients’ ability to comply with federal and state regulations as well as lower workers’ compensation expense. KPA’s HR solution offers a proprietary SaaS platform focused on human resource management and compliance for the automotive dealership sector. KPA’s solutions have been embraced by leading auto dealers including eight of the ten largest dealer groups and endorsed by 26 state dealer associations. For additional information on KPA, visit www.kpaonline.com.
The company’s CEO, Vane Clayton, said, “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.”
Scott Schwartz, a Partner at CIVC, added that, “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 Vane and his team to support the company in expanding its service offering, entering new industry verticals, and pursuing strategic acquisitions.”
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).
Ropes & Gray LLP served as legal advisor to CIVC. The Presidio Group, LLC served as financial advisor and Cooley LLP served as legal advisor to KPA.
About CIVC Partners, LP
CIVC Partners is a Chicago-based private equity firm with over 25 years of experience. The firm has invested $1.4 billion of equity capital in 56 platform transactions and dozens of add-on acquisitions since 1989. CIVC focuses on companies in the business services and financial services industries. KPA represents the eighth platform investment within CIVC Partners Fund IV. More information on CIVC Partners can be found at www.civc.com.