Kohlberg to Acquire Parts Authority

Paul, Weiss is advising Kohlberg & Company, LLC in its acquisition of a majority stake of Parts Authority, a leading national distributor of automotive aftermarket parts and a portfolio company of The Jordan Company. Parts Authority's current management team will continue to lead the company and remain significant owners of the business. The Jordan Company will also retain a significant ownership position in Parts Authority. Financial terms of the transaction were not disclosed.

The Paul, Weiss team includes, among others, corporate partners Angelo Bonvino, Thomas de la Bastide and Christopher Cummings and counsel Soo-ah Nah and Nathan Sawyer; tax partner Lindsay Parks; intellectual property partner Charles Googe; real estate partner Peter Fisch; employee benefits counsel Meghan Fox; environmental counsel William O'Brien; and litigation counsel Steven Herzog.