Announced
Completed
Financials
Tags
Acquisition
Majority
Completed
Single Bidder
United States
Maintenance Repair and Overhaul (MRO)
Domestic
Private
Private Equity
Friendly
automotive repairs
Synopsis
Kian Capital Partners, a private equity firm, completed the acquisition of Meineke, a franchise-based international automotive repair chain. Financial terms were not disclosed. “We are excited to launch the PARC Auto platform, furthering Kian’s experience in the automotive space alongside Kian portfolio companies T Sportline, Eastwood and Driven Lighting Group. Bryan Brown has an impressive team that has built a commanding presence across the Louisville market, and we look forward to expanding that leadership into new markets through new store openings and acquisitions. Meineke is well-positioned to be an industry consolidator with its highly recognizable and trusted brand supported by best-in-class franchisee resources provided by Driven Brands,” Caldwell Zimmerman, Kian Principal.
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