M&A Deal Summary

Kinderhook Industries Acquires Bestop

On August 3, 2015, private equity firm Kinderhook Industries acquired automotive company Bestop from MAGNA

Acquisition Highlights
  • This is Kinderhook Industries’ 5th transaction in the Automotive sector.
  • This is Kinderhook Industries’ 24th transaction in the United States.
  • This is Kinderhook Industries’ 1st transaction in Colorado.

M&A Deal Summary
Date 2015-08-03
Target Bestop
Sector Automotive
Buyer(s) Kinderhook Industries
Sellers(s) MAGNA
Deal Type Divestiture

Target

Bestop

Broomfield, Colorado, United States
Bestop is a manufacturer of soft tops and fabric accessories for Jeep vehicles and the sole supplier of OEM soft tops for Jeep Wranglers. Bestop has been a premier brand in the Jeep and 4x4 industry for over 60 years, producing a large variety of accessories including soft tops, doors and windows, powerboards, seats, storage and racks, bumpers, floor liners, tonneau covers and bed covers that are sold through both OE and aftermarket channels.

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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 5.0B 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 25 of 61
Sector (Automotive) 5 of 14
Type (Divestiture) 2 of 6
State (Colorado) 1 of 2
Country (United States) 24 of 59
Year (2015) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-28 Repairify

Plano, Texas, United States

Repairify is a provider of remote diagnostic solutions and services to the collision industry. asTech provides cutting-edge, expert diagnostics using OEM tools to provide safe and accurate repairs. asTech provides remote diagnostics using its patented device and also provides access to ASE-Certified Master Technicians, who are trained to be virtual diagnosticians. Repairify was established in 2010 and is headquartered in Plano, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-03 ACV Enviro

Rahway, New Jersey, United States

ACV Enviro is an integrated provider of hazardous and non-hazardous waste management and industrial services throughout the Northeastern United States. The Company provides comprehensive waste removal services including assessment, remediation, transportation, laboratory analysis, storage, and disposal for both planned and emergency responses. ACV Enviro was founded in 1976 and is based in Rahway, New Jersey.

Buy -

Seller(S) 1

SELLER

MAGNA

Aurora, Ontario, Canada
Category Company
Founded 1957
Sector Automotive
Employees179,000
Revenue 42.8B USD (2023)
DESCRIPTION
MAGNA's headquarters in Aurora, Ontario.
MAGNA's headquarters in Aurora, Ontario.

MAGNA is a diversified automotive supplier. Magna designs, develops and manufactures automotive systems, assemblies, modules and components, as well as engineers and assembles complete vehicles, primarily for sale to original equipment manufacturers (OEMs) of cars and light trucks. Magna was formed in 1957 and is based in Aurora, Ontario. MAGNA was founded in 1957 and is based in Aurora, Ontario.

DEAL STATS #
Overall 2 of 2
Sector (Automotive) 1 of 1
Type (Divestiture) 2 of 2
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-23 Magna International - Battery Pack Business

Aurora, Ontario, Canada

Magna International's Battery Pack Business is a provider of batteries for electric vehicles.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-02 Stadco

Shropshire, United Kingdom

Stadco Ltd. is an independent Tier 1 Body-In-White supplier.

Buy -
Mergr

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