FOR IMMEDIATE RELEASE
APARC SYSTEMS RECEIVES GROWTH CAPITAL FROM KAYNE PARTNERS
LOS ANGELES, CA (March 14, 2013) “ Aparc Systems, Ltd. (œAparc), 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. (œKayne 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.
œAparc 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.
œKayne 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
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
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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
For more information on this transaction, please contact Nishita Pawar at
310.282.2800 or email@example.com.
Source: Kayne Anderson Capital Advisors, L.P.