KPA, a business service provider for more than 5100 auto, truck and equipment dealerships, has been acquired by CIVC Partners, L.P., a Chicago-based private equity firm. Completed in partnership with KPA’s shareholders and management team, the acquisition is designed to provide KPA with increased resources to expand its product offerings of Environmental Health and Safety (EHS) and Human Resource (HR) Management services for automotive, truck and equipment retail companies, pushing them into adjacent markets through organic and acquisition opportunities.
Under the terms of the acquisition, KPA will remain at its current headquarters in Lafayette, Colorado, with Vane Clayton remaining as CEO and a member of the board of directors. The company’s EHS and HR Management product lines include Business Process as a Service (BPaaS) offerings that help its clients navigate regulatory compliance laws and facilitate safe, efficient work environments.
“With more than 28 years in the automotive industry, we understand how to help our clients comply with workplace regulations on both a national and local scale,” said Vane Clayton, president and CEO of KPA. “With CIVC’s support and deep knowledge of the automotive and compliance sectors, they are truly a value-added partner that will assist with the execution of our growth strategy. With a similar longevity to KPA, and a proven track record as a high integrity investment partner for other auto industry companies, CIVC is a great fit for our culture and team.”
Since 1989, CIVC Partners has invested $1.4 billion of equity capital in 56 platform transactions and dozens of add-on acquisitions. KPA is the eighth platform investment within CIVC Partners Fund IV.
“KPA has a proven commitment to driving efficient and sustainable business practices for its automotive clients,” said Scott Schwartz, a partner at CIVC. “We’re very excited to partner with Vane Clayton and his management team. Together, we will work to expand KPA’s service offerings, accelerate growth and pursue complementary strategic acquisitions.”
For more information about KPA visit: www.kpaonline.com
