M&A Deal Summary

Kinderhook Industries Acquires AKG

On January 13, 2021, private equity firm Kinderhook Industries acquired automotive company AKG

Acquisition Highlights
  • This is Kinderhook Industries’ 11th transaction in the Automotive sector.
  • This is Kinderhook Industries’ 49th transaction in the United States.
  • This is Kinderhook Industries’ 1st transaction in Illinois.

M&A Deal Summary
Date 2021-01-13
Target AKG
Sector Automotive
Buyer(s) Kinderhook Industries
Deal Type Recapitalization
Advisor(s) The Peakstone Group (Financial)

Target

AKG

Vernon Hills, Illinois, United States
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.

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Buyer(S) 1

Buyer

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 50 of 66
Sector (Automotive) 11 of 14
Type (Recapitalization) 4 of 9
State (Illinois) 1 of 1
Country (United States) 49 of 64
Year (2021) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-07 AbsoluteCare

Baltimore, Maryland, United States

AbsoluteCare is a value-based integrated healthcare provider, focused on providing comprehensive and preventative care to the most vulnerable and chronically-ill populations. AbsoluteCare offers concierge health services using a risk-bearing, primary care provider-driven care model. AbsoluteCare is headquartered in Baltimore, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-04 Leonard

Mount Airy, North Carolina, United States

Leonard is a full-service retailer of truck accessories, trailers, and sheds in the United States. The Company offers high-quality, complementary, specialized products geared towards professionals, do-it-yourself and do-it-for-me consumers, and truck enthusiasts. Leonard’s sheds are manufactured in the Company’s Mount Airy, North Carolina facility and its trailers are contract manufactured in the United States. Leonard was founded in 1963 and is based in Mount Airy, North Carolina.

Buy -
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