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M&A Deal Summary

Kinderhook Industries Acquires Coleman Powersports

On October 13, 2021, private equity firm Kinderhook Industries acquired automotive company Coleman Powersports

Acquisition Highlights
  • This is Kinderhook Industries’ 12th transaction in the Automotive sector.
  • This is Kinderhook Industries’ 53rd transaction in the United States.
  • This is Kinderhook Industries’ 4th transaction in Arizona.

M&A Deal Summary
Date 2021-10-13
Target Coleman Powersports
Sector Automotive
Buyer(s) Kinderhook Industries
Deal Type Recapitalization
Advisor(s) Burns & Levinson (Legal)

Target

Coleman Powersports

Tempe, Arizona, United States
Coleman Powersports is a producer of entry-level powersports equipment sold through "Big Box" retailers. The company has solidified itself as the market leader in Mini bikes, Go karts, All Terrain Vehicles ("ATVs") and Utility Task Vehicles ("UTVs") sold outside of the traditional dealership channel. With a focus on supply chain and its network of 8,000+ post-sale service centers, it has successfully "created the category" of selling powersports to "Big Box" retailers or other non-dealer accounts. Coleman Powersports was formed in 2010 and is based in Tempe, Arizona.

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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 54 of 69
Sector: Automotive M&A 12 of 14
Type: Recapitalization M&A Deals 6 of 10
State: Arizona M&A 4 of 6
Country: United States M&A 53 of 67
Year: 2021 M&A 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-20 ProCare Automotive

Las Vegas, Nevada, United States

ProCare Automotive operates 30 auto body repair shops in the greater Austin, San Antonio, and Houston markets. The Company provides services including body repair, dent removal, glass installation, plastic reconstruction, towing, painting and paint removal, and rental car assistance. ProCare Automotive was formed in 2017 and is based in San Antonio, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-23 Race Winning Brands

Mentor, Ohio, United States

Race Winning Brands is a designer, manufacturer, and distributor of branded automotive aftermarket and powersports aftermarket products for enthusiast and racing consumers. RWB consists of a 12-brand portfolio of high-performance aftermarket product categories, with applications across a diverse group of automotive and powersports vehicle segments. According to industry research, the enthusiast powersport segment has seen annualized growth of 10-15 percent over the last 18 months with forecasted growth of six to eight percent over the next 12 months. Racing Winning Brands is based in Mentor, Ohio.

Sell -
Mergr

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