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.