M&A Deal Summary

Classic Collision Acquires ProCare Automotive

On September 20, 2021, Classic Collision acquired automotive company ProCare Automotive from Kinderhook Industries

Acquisition Highlights
  • This is Classic Collision’s 3rd transaction in the Automotive sector.
  • This is Classic Collision’s 3rd transaction in the United States.
  • This is Classic Collision’s 1st transaction in Nevada.

M&A Deal Summary

Date 2021-09-20
Target ProCare Automotive
Sector Automotive
Buyer(s) Classic Collision
Sellers(s) Kinderhook Industries
Deal Type Add-on Acquisition

Target

ProCare Automotive

Las Vegas, Nevada, United States
website
ProCare Automotive operates 30 auto body repair shops in the greater Austin, San Antonio, and Houston markets. The Company provides services including body repair, dent removal, glass installation, plastic reconstruction, towing, painting and paint removal, and rental car assistance. ProCare Automotive was formed in 2017 and is based in San Antonio, Texas.

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Buyer(S) 1

Buyer

Classic Collision

Atlanta, Georgia, United States

website


Category Company
Founded 1983
Sector Automotive
DESCRIPTION

Classic Collision is a provider of quality auto body repairs with properly trained technicians and the appropriate equipment. Classic Collision was founded in 1983 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 3 of 3
Sector (Automotive) 3 of 3
Type (Add-on Acquisition) 3 of 3
State (Nevada) 1 of 1
Country (United States) 3 of 3
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-24 Palm Collision Center

North Lauderdale, Florida, United States

Palm Collision Center is an independent body shop serving company. Palm Collision Center was founded in 1983 and is based in North Lauderdale, Florida.

Buy -

Seller(S) 1

SELLER

Kinderhook Industries

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2003
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kinderhook Industries targets control investments in companies valued between $25 to $250 million. Prospective transaction situations include acquiring non-core divisions of public companies, existing small capitalization companies lacking institutional support, management buyouts of entrepreneurial-owned businesses, and troubled companies. Sectors of interest include consumer products and services, media, packaging, industrial products, communications, and business services. Kinderhook Industries was formed in 2003 and is based in New York, New York.


DEAL STATS #
Overall 36 of 40
Sector (Automotive) 6 of 7
Type (Add-on Acquisition) 28 of 31
State (Nevada) 1 of 1
Country (United States) 35 of 39
Year (2021) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-14 StudyKIK

Irvine, California, United States

StudyKIK is a patient recruitment and retention technology company that was founded on building patient communities to increase awareness for clinical trials. Servicing over 3,600 research sites, StudyKIK supports patient recruitment, patient retention, eConsent Solutions, Telemedicine Video Calling, and study companion mobile applications to expedite clinical trials. They have addressed the clinical trial patient recruitment and retention problem by building the technology solutions needed for research sites and pharmaceutical companies to access, manage, and communicate with high-quality patients in real-time. StudyKIK is based in Irvine, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-13 Coleman Powersports

Tempe, Arizona, United States

Coleman Powersports is a producer of entry-level powersports equipment sold through "Big Box" retailers. The company has solidified itself as the market leader in Mini bikes, Go karts, All Terrain Vehicles ("ATVs") and Utility Task Vehicles ("UTVs") sold outside of the traditional dealership channel. With a focus on supply chain and its network of 8,000+ post-sale service centers, it has successfully "created the category" of selling powersports to "Big Box" retailers or other non-dealer accounts. Coleman Powersports was formed in 2010 and is based in Tempe, Arizona.

Buy -