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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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