2 NEW PLATFORMS
3 NEW TEAM MEMBERS
CONTINUED FIRM GROWTH
In 2023, we invested in two new platform companies and added to our current portfolio with 17 new add-on investments. Here are some portfolio highlights:
The inaugural investment from its recently announced $400 million third fund continued to underscore Kian’s commitment to providing first institutional capital to growth-oriented founders.
Named one of the 40 fastest-growing companies in Georgia. Since Kian’s investment two years ago and under CEO Brian Reese’s leadership, the company has experienced tremendous growth.
Kian announced the acquisition of a leading Meineke Car Care Center franchisee in partnership with management to establish a new platform in the general automotive repair space called PARC Auto.
At Team Air, we’ve always been committed to being the best partner possible to each and every customer. When the search began to find the best possible partner for Team Air, it was of vital importance to find one with the same values, commitment to excellence and willingness to help us achieve our goals to expand into new geographies and take advantage of opportunities as quickly as possible. From the moment we met the team at Kian, it was obvious that they believed in backing the business as well as the people who make it happen every day. They are 100% focused on supporting my vision for growth, and I am confident that they can provide the resources, support, expertise and relationships to help us build an acquisition program coupled with our vision for organic growth that will make Team Air the #1 distributor in the Southeast.
The company completed six add-ons in 2023, including McKinney Petroleum Equipment, Petro Supply, MSCS, K&K Electric and Stanton Electric.
Adding on four Texas-based leading MSPs built density and expanded capabilities across key Texas and Missouri markets.
As the firm has experienced incredible growth over the past year, we’ve deepened our bench and fortified our team to fully support our portfolio companies with the resources and experience needed to realize their aspirations.
We invest both debt and equity in every deal and have the flexibility to be either a majority or minority owner
We want to be the first institutional partner for founder/owner operated businesses
Includes buyouts, recapitalizations and growth financings
... to enable our firm to develop valuable processes that leverage our deep experience and flexible resources to help our portfolio companies ignite growth.