Today's Transactions:
Linsalata Keeps Car Parts M&A Going With Stag-Parkway Deal
Stag-Parkway is an aftermarket auto parts distributor
Private equity firm Linsalata Capital Partners has acquired Stag-Parkway Inc. from Ares Capital Corp. (Nasdaq: ARCC) for an undisclosed amount.
The Stag acquisition is Linsalata’s first from Linsalata Capital Partners Fund VI LP, a $427 million fund.
Atlanta-based Stag is a car parts distributor. The company also provides marketing services, educational programs and other tools aimed at helping its dealer customers grow their businesses.
Mayfield Heights, Ohio-based Linsalata has completed more than 100 transactions totaling more than $3 billion. The firm’s portfolio companies include Eatem Foods, Harden Manufacturing Corp. and Manhattan Beachwear.
In December, Omega Environmental Technologies acquired two businesses that made up Global Temperature Control LLC. For more on car parts M&A, see “Winners of the Auto Aftermarket.”
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