Aparc Systems, Ltd. (“Aparc”), a systems integration, parking management, and enforcement technology company, announced today that it has partnered with Kayne Partners, the growth private equity group of Kayne Anderson Capital Advisors, L.P. (“Kayne Anderson”). Kayne Partners will provide Aparc with growth capital. The proceeds of the investment will be used to expand the roll-out and reach of Aparc’s innovative parking solutions.
Aparc was founded in 2006 by industry veteran Robert Ziola (Chief Executive Officer) and is headquartered in Vancouver, Canada. Aparc provides software for parking and enforcement systems in the private and commercial sectors. Aparc’s innovative solutions provide North American and international customers with increased revenue, cost savings, enhanced security and services, and intelligence on parking and traffic patterns. Aparc provides these benefits by means of a variety of product offerings through proprietary technology and its relationships with key hardware and software partners such as Motorola and Siemens.
“Aparc is proud to partner with and receive the support of Kayne Partners. Our partnership with Kayne Partners will allow Aparc to extend its reach and expand its outstanding team and continue to develop advanced parking technology to provide more efficiency and revenue generation for its customers,” said Rob Ziola, Chief Executive Officer of Aparc.
“Kayne Partners has a strong track record of partnering with leading, high growth companies, and we are excited about our partnership with Aparc and the Aparc management team. We have followed the parking and traffic solutions sector and believe that the inefficiencies in this world will lead to significant adoption and continued purchasing of parking technologies. Aparc is solving a revenue generation pain-point in the lives of municipal and commercial clients as well as improving the user experience for the end consumers that interact with the legacy systems. We believe Aparc and its team are well positioned to build on the increasing need for technology in the space. We are excited about the ingenuity of the company and we continue to be extremely impressed by Rob, the Aparc management team, and the offerings they bring to their clients,” said Nishita Pawar, Vice President, Kayne Partners.
About Aparc Systems, Ltd.
Aparc is an industry leader in providing advanced parking and vehicle tracking technology solutions that make your daily commute easier. Aparc specializes in delivering fully integrated programs that help solve the ever increasing challenge of vehicle mobility in the municipal, institutional, and private sectors. The encompassing technology solutions provide Aparc clients with increased revenue, security, customer satisfaction, intelligence data gathering and operational efficiency. For further information on Aparc, please visit www.aparcsystems.com.
About Kayne Anderson Capital Advisors, L.P.
Kayne Anderson Capital Advisors, L.P., founded in 1984, is a leading alternative investment firm with over $19.4 billion in assets under management. Kayne Anderson focuses on niche investing in energy, energy infrastructure, growth equity, specialty real estate, middle market credit and municipal opportunities. Kayne Anderson is entirely owned by its investment professionals and management. The firm is headquartered in Los Angeles with offices in Houston, New York, Chicago, Denver, Dallas, Atlanta and Boca Raton. For further information on Kayne Anderson, please visit www.kaynecapital.com.
About Kayne Partners
Kayne Partners is the growth private equity group of Kayne Anderson and is a leading provider of capital and connections to rapidly growing companies in North America. Since its inception more than a decade ago, it has invested over $500 million in platform investments and add-on acquisitions. Kayne Partners works closely with driven entrepreneurs as a non-control minority investor. For further information on Kayne Partners, please visit www.kaynepartners.com.