OAKBROOK TERRACE, IL – September 26, 2023 – Prairie Capital Advisors, Inc. (“Prairie”) is pleased to announce that Brycor, Inc. (“Brycor” or the “Company”) has been acquired by Kian Capital Partners (“Kian”). Kian, in partnership with management, has established a new platform in the general automotive repair space named PARC Auto. Prairie acted as exclusive financial advisor in this transaction to Brycor and its shareholders and was led by Anthony Dolan of Prairie. Terms of the transaction were not disclosed.
Brycor was comprised of 15 Meineke automotive care centers in the Louisville, Kentucky metropolitan area. Founded in 1996 by Bryan Brown, the Brycor franchise group was a top operator in the Meineke system, having earned Franchisee of the Year in 2008, 2016 and 2021 and the Meineke President’s Award in 2020. The core tenants of the Company’s success have been high-quality service, strong customer satisfaction, leading operational performance, and modern facilities. As part of the Driven Brands (NASDAQ: DRVN) portfolio, Meineke is a franchise-based international automotive repair chain with over 750 locations and a 50-year history of delivering consistent and high-quality repair and preventative maintenance services.
Kian’s PARC Auto platform will look to expand its leadership position in new markets through new store openings and acquisitions and is well-positioned to be an industry consolidator within the Driven Brands franchise group.
Prairie continues to build upon its experience in advising leading franchisees businesses through the critically important milestone of ownership transition. “We are honored to have advised Brycor and Bryan Brown on this very important transaction. This transaction represents another successful engagement completed by Prairie’s Investment Banking group as we continue to serve middle-market family, founder, and ESOP-owned businesses,” added Anthony Dolan, Managing Director at Prairie.
About Prairie Capital Advisors
Prairie is a leading financial advisory firm specializing in creating and executing ownership transition strategies for middle-market companies nationwide. In 2022, Prairie was named ESOP Investment Bank of the Year by M&A Atlas. For more information, visit www.prairiecap.com.
Wendy Gugora, Director of Marketing
Prairie Capital Advisors, Inc.