Kohlberg & Company to acquire a majority stake in Parts Authority from The Jordan Company.

Kohlberg & Company, a private equity firm, agreed to acquire a majority stake in Parts Authority, distributor of automotive replacement parts from The Jordan Company, a private equity firm. Financial terms were not disclosed. "TJC has been an excellent partner to Parts Authority over the past several years as we have continued to expand our footprint in the U.S. through new greenfield locations and acquisitions. The entire Parts Authority staff is excited to partner with Kohlberg for this next phase as we look to continue expanding our business across the nation," Randy Buller, Parts Authority CEO.