M&A Deal Summary

AKG Acquires Midwest Keyless

On March 23, 2021, AKG acquired automotive company Midwest Keyless

Acquisition Highlights
  • This is AKG’s 1st transaction in the Automotive sector.
  • This is AKG’s 1st transaction in the United States.
  • This is AKG’s 1st transaction in Illinois.

M&A Deal Summary
Date 2021-03-23
Target Midwest Keyless
Sector Automotive
Buyer(s) AKG
Deal Type Add-on Acquisition

Target

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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Buyer(S) 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 STATS #
Overall 1 of 2
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Illinois) 1 of 1
Country (United States) 1 of 2
Year (2021) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-05 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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