Add-on Acquisition • Manufacturing

AKG Acquires International Key Supply

On April 5, 2021, AKG acquired manufacturer International Key Supply

Acquisition Context
  • This is AKG’s 1st transaction in the Manufacturing sector.
  • This is AKG’s 2nd transaction in the United States.
  • This is AKG’s 1st transaction in New York.

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M&A Deal Summary

Date April 5, 2021
Target International Key Supply
Sector Manufacturing
Buyer(s) AKG
Deal Type Add-on Acquisition

Target Company

International Key Supply

Farmingdale, New York, United States
International Key Supply is a specialized manufacturer of automotive keys & remotes, programming tools, key machines, and related accessories. The company serves over 5,000 unique customers consisting of locksmiths, wholesale distributors, and online shoppers. It has a leading presence in multiple e-commerce channels, selling through brands including Keyless2Go and Durashell. IKS also offers complementary services such as expert tech support, and tutorial webinars. International Key Supply was formed in 2012 and is based in Farmingdale, New York.
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Buyer Overview 1

Buyer

AKG

Vernon Hills, Illinois, United States

Category Company
Sector Automotive
DESCRIPTION

AKG is a remanufacturer and distributor of replacement automotive keyless entry remotes, other key replacements, and related equipment. AKG sells into a variety of end markets through several sales channels and customer-facing brands. With a diverse set of supplier relationships, the Company provides a comprehensive product offering for over 95% of the vehicles on the road. AKG is based in Vernon Hills, Illinois.


Deal Context for Buyer #
Overall 2 of 2
Sector: Manufacturing 1 of 1
Type: Add-on Acquisition 2 of 2
State: New York 1 of 1
Country: United States 2 of 2
Year: 2021 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-23 Midwest Keyless

Spring Grove, Illinois, United States

Midwest Keyless is a remanufacturer and distributor of replacement OEM and aftermarket keyless entry remotes & keys as well as key-cutting and programming equipment. Midwest Keyless is based in Spring Grove, Illinois.

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