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SPATCO
Active
SPATCO is a provider of mission-critical services to maintain, test, inspect, certify and install fueling station infrastructure for gas stations and fleet fueling stations across the United States
How We Partnered
Situation:
SPATCO is one of the highest returning investments in Kian's Fund II. Kian wanted to realize an attractive return, give a liquidity option to their investors, and provide the company with additional dry powder to fuel the next phase of growth.
Structure:
Single-asset CV with 5 year term and dry powder to continue the M&A strategy.
Headquarters:
Charlotte, NC
Stage:
Active
Business Model:
Recurring Services
Sponsor:
Kian Capital Partners
Investment Date:
July 2024
Investment Thesis
Recession-resilient industry with demand following vehicles miles driven
Recurring nature of maintenance and repair sales
Strong accretive acquisition history with significant post-close synergies
Market-leading provider of Wayne parts in SouthEast states
Strong GP alignment
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