KPA announced today it has separated its Flex and Risk Management Center software businesses into a new independent company called Novara. The move separates KPA’s automotive and non-automotive software operations, which had developed different customer bases and operational requirements over time. Novara will serve manufacturing, construction, utilities, and oil and gas sectors with safety and […]
Genstar Capital Completes Acquisition of OEConnection
OEConnection LLC (OEC) and Genstar Capital announced they have finalized the deal for Genstar to acquire a majority stake in OEC from Providence Equity Partners that was announced in August. Current investors, Ford Motor Company and General Motors, will each retain their minority investments in the Company. Financial terms of the transaction were not disclosed. […]
Genstar Capital Acquires Majority Stake in OEConnection
OEConnection LLC (OEC) Providence Equity Partners L.L.C. and Genstar Capital, announced an agreement for Genstar to acquire a majority stake in OEC from funds advised by Providence. As part of the transaction, current investors Ford Motor Company and General Motors will each retain their minority investments in the Company. Financial terms of the transaction were […]
Chris Fanning Named Chief Executive Officer at KPA
KPA, the provider of Environmental Health & Safety (EHS), HR Management and Finance & Insurance compliance software and services, announced the appointment of Chris Fanning as President and Chief Executive Officer of the company. Fanning succeeds Vane Clayton, who has served as CEO since 2006. Clayton will continue to serve on the KPA board of […]
Providence Equity Partners Makes Majority Investment in Environmental Safety Training and Compliance Firm KPA
Private equity firm also owns majority interest in OEConnection. KPA, the Environmental Health and Safety (EHS) Risk Management company, announced that Providence Equity Partners has completed its majority investment in the Company. Existing investor CIVC Partners will retain a minority investment in the Company going forward. Financial terms of the transaction were not disclosed. Providence […]
FTC Terminates Review of OEConnection Sale
The U.S. Federal Trade Commission issued an early termination notice June 16 on the Hart Scott Rodino (HSR) antitrust review of the sale by General Motors and Ford Motor Company of their stakes in OEConnection LLC. OEConnection LLC announced on June 2 that Providence Equity Partners would acquire a majority equity stake in the company. […]
Providence Equity Acquires Majority Stake in OEConnection
OEConnection LLC (OEC) announced on June 2 that Providence Equity Partners will acquire a majority equity stake in the company. Providence is a global private equity firm with $45 billion in assets under management. General Motors and Ford will each maintain a 15 percent minority stake in the. “Providence has a thorough understanding of OEC’s […]