Kohlberg & Company’s Acquisition of Parts Authority


Paul, Weiss advised Kohlberg & Company, LLC, while Kirkland advised Parts Authority in the transaction.

Kohlberg & Company, LLC completed its acquisition of a majority stake of Parts Authority, a leading national distributor of automotive aftermarket parts and a portfolio company of The Jordan Company.

Parts Authority’s current management team will continue to lead the company and remain significant owners of the business. The Jordan Company will also retain a significant ownership position in Parts Authority. Financial terms of the transaction were not disclosed.

Harris Williams served as financial advisor to Parts Authority and Cowen served as an advisor to the board. Stifel served as lead financial advisor to Kohlberg.

Parts Authority, founded in 1972, is a leading national distributor of automotive replacement parts, tools/equipment and transmissions. Headquartered in Long Island, New York, Parts Authority is rapidly expanding, and today has more than 200 locations.

Kohlberg & Company, LLC (“Kohlberg”) is a leading private equity firm headquartered in Mount Kisco, New York. Since its inception in 1987, Kohlberg has organized nine private equity funds, through which it has raised over $10 billion of committed equity capital. Over its 33-year history, Kohlberg has completed 81 platform investments and approximately 200 add-on acquisitions, with an aggregate transaction value in excess of $25 billion.

The Paul, Weiss team advising Kohlberg included corporate partners Angelo Bonvino (Picture), Thomas de la Bastide and Christopher Cummings and counsel Soo-ah Nahand Nathan Sawyer; tax partner Lindsay Parks; intellectual property partner Charles Googe; real estate partner Peter Fisch; employee benefits counsel Reuven Falik and Meghan Fox; antitrust counsel Marta Kelly; environmental counsel William O’Brien; and litigation counsel Steven Herzog.

The Kirkland team advising Parts Authority was led by transactional partner Michael Weisser and associates Jaye Kasper, Michael Ruderman and Adam Holzschuh, tax partner Jared Rusman and associate Yonatan Tammam, and debt finance partners Jason Kanner, Mark Adler and Rachel Gray.

Involved fees earner: Mark Adler – Kirkland & Ellis; Rachel Gray – Kirkland & Ellis; Adam Holzschuh – Kirkland & Ellis; Jason Kanner – Kirkland & Ellis; Jaye Kasper – Kirkland & Ellis; Michael Ruderman – Kirkland & Ellis; Jared Rusman – Kirkland & Ellis; Yonatan Tammam – Kirkland & Ellis; Michael Weisser – Kirkland & Ellis; Angelo Bonvino – Paul Weiss Rifkind Wharton & Garrison; Christopher Cummings – Paul Weiss Rifkind Wharton & Garrison; Thomas de la Bastide – Paul Weiss Rifkind Wharton & Garrison; Reuven Falik – Paul Weiss Rifkind Wharton & Garrison; Peter Fisch – Paul Weiss Rifkind Wharton & Garrison; Meghan Fox – Paul Weiss Rifkind Wharton & Garrison; Charles Googe – Paul Weiss Rifkind Wharton & Garrison; Steven Herzog – Paul Weiss Rifkind Wharton & Garrison; Marta Kelly – Paul Weiss Rifkind Wharton & Garrison; Soo-ah Nah – Paul Weiss Rifkind Wharton & Garrison; William O’Brien – Paul Weiss Rifkind Wharton & Garrison; Lindsay Parks – Paul Weiss Rifkind Wharton & Garrison; Nathan Sawyer – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Kirkland & Ellis; Paul Weiss Rifkind Wharton & Garrison;

Clients: Kohlberg & Company, L.L.C.; Parts Authority;

Author: Ambrogio Visconti