Kirkland advised Parts Authority, a leading national distributor of automotive aftermarket parts and a portfolio company of The Jordan Company, on the sale of a majority stake to Kohlberg & Company, LLC. Parts Authority’s existing management team, led by CEO Randy Buller, 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. Additional terms of the transaction were not disclosed.
Read the Parts Authority press release
The Kirkland team 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.