Thursday, August 9, 2018

KPA Acquired By Providence Equity Partners

Lafayette, Colorado-based KPA, a provider of cloud-based software used for risk management in the automotive, collision repair, manufacturing, insurance, and distribution & logistics industries, has been acquired by private equity investor Providence Equity Partners. Financial details of the deal were not announced. KPA said the majority investment by Providence Equity Partners will help it accelerate its growth strategy. According to KPA, its existing investor, CIVC Partners, will retain a minority investment in the company after the transaction. Vane Clayton is Chairman and CEO of KPA.