AirPro Diagnostics Partners with Rotunda for Accelerated Growth
Deal News | Feb 25, 2025 | Rotunda Capital Partners LLC
Rotunda Capital Partners has acquired AirPro Diagnostics, a leading provider of Advanced Driver Assistance System (ADAS) solutions. The acquisition aims to drive AirPro's growth by meeting rising demands for outsourced technology solutions in the automotive repair industry. Founded in 2016 and based in Jacksonville, Florida, AirPro offers comprehensive ADAS services, ensuring vehicles meet OEM standards through a team of over 200 technicians. The partnership with Rotunda is expected to enhance AirPro's technological capabilities and extend its reach into new geographies and markets. AirPro's management retains a significant ownership stake, ensuring leadership continuity. The acquisition aligns with Rotunda's strategy of investing in high-growth, founder-led businesses within industrial sectors, and includes plans for add-on acquisitions. Rotunda's investment team, including Bob Wickham, Dan Lipson, Ryan Aprill, and Alex Gebert, will support these growth strategies. Greenberg Traurig, LLP and Smith, Gambrell & Russell provided legal advisory services, while Heritage Capital Group offered financial advice.
Sectors
- Automotive
- Private Equity
- Technology-Enabled Services
Geography
- United States – Both Rotunda Capital Partners and AirPro Diagnostics are based in the United States, and the article discusses activities within the US market.
- Florida – AirPro Diagnostics is headquartered in Jacksonville, Florida, making it a significant geographical point in the article.
Industry
- Automotive – The article focuses on AirPro Diagnostics, a company operating within the automotive industry by offering ADAS diagnostic solutions.
- Private Equity – Rotunda Capital Partners, a private equity firm, is the acquirer in this transaction, indicating private equity involvement in the deal.
- Technology-Enabled Services – AirPro Diagnostics offers technology-enabled services for diagnostic and calibration, marking its relevance to the tech services sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Rotunda Capital Partners LLC | Acquirer | Company | A private equity firm focused on transforming founder-owned companies into dynamic growth platforms. |
| AirPro Diagnostics | Target | Company | A provider of remote and on-site ADAS diagnostics, scanning, programming, and calibration solutions. |
| Greenberg Traurig, LLP | Legal Advisor to Buyer | Company | Served as legal advisor to Rotunda Capital Partners for this transaction. |
| Smith, Gambrell & Russell | Legal Advisor to Seller | Company | Provided legal advisory services to AirPro Diagnostics. |
| Heritage Capital Group | Financial Advisor to Seller | Company | Offered financial advisory services to AirPro Diagnostics for the transaction. |
| Bob Wickham | Managing Partner | Person | Managing Partner at Rotunda, involved in the transaction. |
| Dan Lipson | Managing Partner | Person | Managing Partner at Rotunda, involved in the transaction. |
| Ryan Aprill | Managing Director | Person | Managing Director at Rotunda, involved in the transaction. |
| Alex Gebert | Investment Team Member | Person | Part of the Rotunda investment team mentioned in the deal. |
| Lonnie Margol | Founder and Executive Chairman Post-Transaction | Person | Founder of AirPro Diagnostics, will serve as Executive Chairman post-transaction. |
| Josh McFarlin | President | Person | President of AirPro, responsible for leading daily operations. |