LAFAYETTE, Colo. — Environmental health and safety risk management solutions provider KPA announced that Providence Equity Partners has completed its majority investment in the company. Existing investor CIVC partners will retain a minority investment in the company going forward, according to the announcement, in which financial terms of the transaction were not disclosed.
“The Providence Equity Partners investment validates the growing demand for compliance solutions and KPA’s attractive metrics, while strategically positioning KPA to be a dominant compliance platform,” said Vane Clayton, chairman and CEO of KPA. “Providence’s strong experience in automotive and compliance software, including its investments in Autotrader, OEConnection and Vector Solutions, aligns well with KPA’s future strategic objectives. Overall, Providence’s expertise, culture and team are an excellent fit for KPA.”
Providence is a leading global private equity firm with deep experience in the compliance sector that KPA can leverage to further accelerate its organic growth and acquisition strategy going forward, all according to its managing director, Will Hughes.
“We believe the compliance market has tremendous potential for long-term growth and that KPA will continue to capitalize on its leading middle-market position for subscription-based compliance solutions. KPA is a highly attractive compliance platform with outstanding client retention, high recurring revenue, consistent organic growth, and a strong track record integrating acquisitions. We are excited to partner with KPA’s strong leadership team to accelerate their growth strategy and create lasting value for the company,” Hughes said.
KPA’s solutions include a range of software as a service solutions; including F&I SaaS and onsite audit solutions for the retail automotive dealer market.
“CIVC is proud to have been a part of KPA’s fantastic growth in the compliance marketplace over the past four years during which time the company has launched new product lines, expanded to new end markets, and tripled earnings,” said Scott Schwartz, partner at CIVC Partners. “We’re excited to continue our investment in the company and look forward to partnering with KPA during this next phase of growth.”