- Meineke is a franchise-based international automotive repair chain with over 750 locations and a 50-year history
- Meineke is part of the Driven Brands portfolio of automotive services businesses, including Take 5 Oil Change, Maaco, Fix Auto USA and CARSTAR
- Kian has $825 million of capital under management
Kian Capital has launched an automotive repair platform PARC Auto with its acquisition of a Meineke Car Care franchisee. No financial terms were disclosed.
PARC Auto is currently comprised of 15 Meineke automotive care centers in the Louisville, Kentucky metropolitan area.
Meineke is a franchise-based international automotive repair chain with over 750 locations and a 50-year history. Meineke is part of the Driven Brands portfolio of automotive services businesses, including Take 5 Oil Change, Maaco, Fix Auto USA and CARSTAR.
“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,” said Kian Principal Caldwell Zimmerman in a statement. “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.”
Kian has $825 million of capital under management and a focus on four core industry sectors: consumer, services, value-added distribution and specialty manufacturing.
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