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Arcapita Group Holdings Limited (\u201cArcapita\u201d), the global alternative investment firm, announced today that it has acquired a majority equity stake in C&K Paving (\u201cC&K\u201d or the \u201cCompany\u201d), one of the leading providers of parking lot maintenance services in the United States. The Company\u2019s President, Founder, and CEO will retain a significant minority equity stake and will continue to lead the business.
\nOver the past 12 months, Arcapita has completed three private equity acquisitions in the business services vertical, with a combined value of $715 million, expanding its Essential Business Services portfolio and reinforcing its focus on resilient business models with predictable, recurring revenues.
\nThe US parking lot maintenance industry is a $14 billion market, underpinned by recurring demand, regulatory necessity and limited economic cyclicality. The industry is not only experiencing high growth but also remains highly fragmented, creating a strong opportunity for consolidation as larger players seek to scale and standardize services across geographies.
\nC&K provides maintenance-focused paving solutions, including asphalt and concrete maintenance, pavement markings, seal coating and other preventative services required for the upkeep of parking lots. The Company is among the leading operators in a fragmented market, offering a scalable, vendor-managed platform with operations and long-standing vendor relationships across the country. The Company\u2019s blue-chip client base includes big box retail, property management, grocery, and financial services, among many others, with an average client tenure of eight years across its top 10 customers.
\nHisham Al Raee, CEO of Arcapita, said: \u201cBusinesses like C&K represent the core of our Essential Business Services approach: resilient models with recurring demand, diversified customers, and the potential to scale in fragmented markets. With Arcapita\u2019s support, C&K is positioned to grow, and continue delivering the dependable services that customers have come to rely on.\u201d
\nNeil Carter, Managing Director of US Private Equity at Arcapita, added: \u201cWe are thrilled to partner with Don and the team at C&K. The Company\u2019s strong market position, asset-light model, and track record of consistent performance makes it an ideal fit for our portfolio. The Company has grown revenues organically every year since it was founded, which speaks to the reputation Don and team have built in the market. We see compelling opportunities to accelerate growth while preserving the high service standards for which C&K is known.\u201d
\nDon Koch, President, Founder, & CEO at C&K Paving said: \u201cPartnering with Arcapita marks an exciting chapter for C&K. Over the past two decades, we have built a platform defined by quality, reliability, and long-term client relationships. With Arcapita\u2019s support and expertise, we are well-positioned to continue scaling nationally, pursue strategic acquisitions, and enhance our offerings to better serve our customers. We look forward to the value this partnership will bring to our business and our clients.\u201d
\nRaymond James acted as the exclusive financial advisor\u00a0for\u00a0C&K\u00a0Paving.<\/p>\n","protected":false},"excerpt":{"rendered":"
Arcapita Group Holdings Limited (\u201cArcapita\u201d), the global alternative investment firm, announced today that it has acquired a majority equity stake in C&K Paving (\u201cC&K\u201d or the \u201cCompany\u201d), one of the leading providers of parking lot maintenance services in the United States. The Company\u2019s President, Founder, and CEO will retain a significant minority equity stake …<\/p>\n","protected":false},"author":2,"featured_media":119804,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-119809","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1"],"yoast_head":"\n