M&A Deal Summary

JM Family Enterprises Acquires National Truck Protection

On September 14, 2022, JM Family Enterprises acquired insurance company National Truck Protection from Kinderhook Industries

Acquisition Highlights
  • This is JM Family Enterprises’ 1st transaction in the Insurance sector.
  • This is JM Family Enterprises’ 4th transaction in the United States.
  • This is JM Family Enterprises’ 1st transaction in North Carolina.

M&A Deal Summary

Date 2022-09-14
Target National Truck Protection
Sector Insurance
Buyer(s) JM Family Enterprises
Sellers(s) Kinderhook Industries
Deal Type Add-on Acquisition
Advisor(s) Piper Sandler & Co. (Financial)
Kirkland & Ellis (Legal)

Target

National Truck Protection

Winston-Salem, North Carolina, United States
National Truck Protection is a provider of extended service contracts for critical coverage on high-value fundamental drivetrain components for used class 3 through 8 trucks. National Truck Protection was founded in 1983 and is based in Winston-Salem, North Carolina.

Search 201,157 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

JM Family Enterprises

Deerfield Beach, Florida, United States

Category Company
Founded 1968
Sector Retail
DESCRIPTION

JM Family Enterprises is a most innovative and diversified companies in the automotive industry. Company businesses focus on vehicle distribution and processing, finance and insurance, retail vehicle sales, and dealer technology services.


DEAL STATS #
Overall 4 of 4
Sector (Insurance) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (North Carolina) 1 of 1
Country (United States) 4 of 4
Year (2022) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-12 Predictive Index

Westwood, Massachusetts, United States

Predictive Index is a workforce assessment platform that offers a unique combination of behavior and skill assessments based on a proven methodology incorporating data, technology, knowledge, and business expertise. The company has over 8,000 active business clients across 142 countries who are using The Predictive Index to keep its workforce charged 24/7. Predictive Index was founded in 1955 and is based in Westwood, Massachusetts.

Buy -

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 37 of 42
Sector (Insurance) 1 of 1
Type (Add-on Acquisition) 29 of 34
State (North Carolina) 1 of 1
Country (United States) 36 of 41
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-22 Ironclad Environmental

Baytown, Texas, United States

Ironclad Environmental is a provider of specialty waste management solutions and temporary storage and containment equipment for hazardous and non-hazardous waste. Ironclad Environmental was formed in 1983 and is based in Baytown, Texas.

Buy $323M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-01 VESTA Modular

Southfield, Michigan, United States

VESTA Modular is a provider of temporary and permanent modular space solutions across a diverse base of end markets and applications. VESTA Modular operates two divisions modular space leasing whereby it leases units from its owned fleet of over 6,000 units to customers across a range of end markets and modular project installation whereby it facilitates the design, construction, and installation of modular spaces.VESTA Modular was founded in 2014 and is based in Southfield, Michigan.

Sell $400M