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M&A Deal Summary

Armored AutoGroup Acquires IDQ Operating

On March 17, 2014, Armored AutoGroup acquired automotive company IDQ Operating from Kinderhook Industries

Acquisition Highlights
  • This is Armored AutoGroup’s 1st transaction in the Automotive sector.
  • This is Armored AutoGroup’s 1st transaction in the United States.
  • This is Armored AutoGroup’s 1st transaction in Texas.

M&A Deal Summary
Date 2014-03-17
Target IDQ Operating
Sector Automotive
Buyer(s) Armored AutoGroup
Sellers(s) Kinderhook Industries
Deal Type Add-on Acquisition
Advisor(s) Jefferies (Financial)

Target

IDQ Operating

Garland, Texas, United States
IDQ Operating, Inc. is a manufacturer of automotive A/C products for the “do-it-yourselfer” and professional service technician. IDQ offers a broad product line that includes value-added R-134a refrigerants to A/C tools and accessories, from one-step recharging and stop leak products to leak detection and lubricants.

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Buyer(S) 1

Buyer

Armored AutoGroup

Danbury, Connecticut, United States
Category Company
Founded 2010
Sector Automotive
Employees266
DESCRIPTION

Armored AutoGroup Inc. is a consumer products company consisting primarily of Armor All and STP, two of the most iconic brands in the automotive aftermarket appearance products and performance products categories.

DEAL STATS #
Overall 1 of 1
Sector: Automotive M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2014 M&A 1 of 1

Seller(S) 1

SELLER

Kinderhook Industries

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
PE ASSETS 8.5B 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 16 of 43
Sector: Automotive M&A 3 of 8
Type: Add-on Acquisition M&A Deals 14 of 35
State: Texas M&A 1 of 7
Country: United States M&A 15 of 42
Year: 2014 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-28 Trubiquity

Troy, Michigan, United States

Trubiquity, Inc. is a global provider of MFT (managed file transfer), process automation and integration solutions for 6,500 companies with 60,000 users in more than 40 countries. Trubiquity has served the automotive, aerospace, manufacturing, retail, finance, healthcare and consumer goods industries.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-18 The Environmental Quality Co.

Wayne, Michigan, United States

The Environmental Quality Company is a fully integrated environmental services and waste management organization based in Wayne, Michigan.

Sell $465M
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