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September 2014

KPA Services, LLC

The Investment

CIVC Partners, L.P. has partnered with management to acquire KPA Services, LLC (“KPA” or the “Company”), a technology-enabled business services company providing environmental, health and safety compliance and human resource management solutions primarily to automotive dealers and service centers.

The Company

KPA provides environmental, health & safety (“EHS”) compliance and human resource management (“HR”) solutions to over 5,000 automotive, truck and equipment dealerships, and service companies throughout the United States. KPA’s EHS solution combines onsite inspections by its field consultants with a proprietary SaaS platform to improve its clients’ ability to comply with federal and state regulations and lower workers’ compensation expense. KPA’s HR solution offers clients a proprietary SaaS platform focused on human resources management and compliance for the automotive dealership sector. The Company’s HR software automates critical activities including applicant tracking, employee onboarding, performance management, and training resulting in improved productivity for the client’s human resources department. KPA’s solution has been embraced by leading auto dealers, including eight of the ten largest dealer groups in the United States, and endorsed by 26 state dealer associations. The Company is headquartered in Lafayette, Colorado. For additional information on KPA, visit www.kpaonline.com.

Value-Add Approach

The acquisition of KPA builds on CIVC’s investment experience within the automotive services and environmental compliance sectors. In 2006, CIVC acquired GWC Warranty Corporation (“GWC”), a marketer, administrator and insurer of vehicle service contracts. CIVC worked closely with senior management to rollout new products, expand into multiple distribution channels, build GWC’s geographic footprint, and drive growth in market share. In 2007, CIVC partnered with Innovative Aftermarket Systems (“IAS”), a premier provider of ancillary vehicle protection products and software solution sold through auto dealerships. CIVC supported management in expanding IAS’ product line, entering new markets, and driving growth in underwriting profit. Other investments have included Honor Finance, a leading auto finance company, and Thermo Fluids, a provider of environmental services primarily for auto service centers.

CIVC’s track record investing in the automotive dealership services and environmental compliance sectors was a key differentiator for KPA’s management team. CIVC will provide strategic guidance to management and will support an active acquisition strategy.

If you have an opportunity that may be an acquisition candidate for KPA, please contact Scott Schwartz (sschwartz@civc.com) or Doug Potters (dpotters@civc.com).

CIVC Partners

CIVC Partners is a Chicago-based private equity firm with over 25 years of experience. The firm has invested $1.4 billion of equity capital in 56 platform transactions and dozens of add-on acquisitions since 1989. CIVC focuses on companies in the business services and financial services industries. KPA represents the eighth platform investment within CIVC Partners Fund IV. More information on CIVC Partners and its portfolio companies can be found at www.civc.com.

 
 
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