M&A Deal Summary

Kinderhook Industries Acquires Kaizen Auto Care

On April 18, 2024, private equity firm Kinderhook Industries acquired automotive company Kaizen Auto Care from LNC Partners

Acquisition Highlights
  • This is Kinderhook Industries’ 14th transaction in the Automotive sector.
  • This is Kinderhook Industries’ 58th transaction in the United States.
  • This is Kinderhook Industries’ 5th transaction in Arizona.

M&A Deal Summary

Date 2024-04-18
Target Kaizen Auto Care
Sector Automotive
Buyer(s) Kinderhook Industries
Sellers(s) LNC Partners
Deal Type Secondary Buyout
Advisor(s) DLA Piper (Legal)

Target

Kaizen Auto Care

Yuma, Arizona, United States
website
Kaizen Auto Care is a full-service collision repair chain that provides paint and body repair, auto glass repair, fleet services, and electric vehicle specialty services to individuals and businesses through 48 locations across Arizona, Colorado, Southern California, Iowa, Nebraska, and Nevada. The Company aims to provide quality customer service and repairs to consumers, fostering strong partnerships with its insurance carriers. Kaizen Auto Care was formed in 2013 and is based in Yuma, Arizona.

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Buyer(S) 1

Buyer

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 60 of 60
Sector (Automotive) 14 of 14
Type (Secondary Buyout) 12 of 12
State (Arizona) 5 of 5
Country (United States) 58 of 58
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-24 Continental Auto Parts

Newark, New Jersey, United States

Continental Auto Parts is an aftermarket collision automotive parts distribution company that primarily serves multi-shop operators (“MSOs”) and independent collision shops in the New Jersey, New York, Pennsylvania, and Ohio markets. The company maintains extensive product coverage across categories, makes, and models to ensure first-call status with its customers. Continental Auto Parts was formed in 1997 and is based in Newark, New Jersey.

Buy -

Seller(S) 1

SELLER

LNC Partners

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2010
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

LNC Partners is a private investment firm focused on providing $10 to $30 million of equity and junior capital to support a variety of company transactions. As a provider of debt, LNC offers subordinated debt and unitranche securities. As a provider of equity, LNC will invest as a minority or majority partner. Prospective transaction situations include buyouts, refinancings, acquisition financings, growth capital needs, and recapitalizations. Sectors of interest include business and information services, financial services, insurance, healthcare, and niche manufacturing. LNC Partners is based in Reston, Virginia.


DEAL STATS #
Overall 26 of 26
Sector (Automotive) 2 of 2
Type (Secondary Buyout) 14 of 14
State (Arizona) 1 of 1
Country (United States) 26 of 26
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-01 Team Air

Nashville, Tennessee, United States

Team Air is a wholesale distributor of HVAC equipment, parts and supplies to residential and commercial contractors in the Southeast US. Team Air is based in Nashville, Tennessee.

Buy -