M&A Deal Summary

Kinderhook Industries Acquires GlobalHealth

On February 3, 2014, private equity firm Kinderhook Industries acquired insurance company GlobalHealth

Acquisition Highlights
  • This is Kinderhook Industries’ 2nd transaction in the Insurance sector.
  • This is Kinderhook Industries’ 20th transaction in the United States.
  • This is Kinderhook Industries’ 2nd transaction in Oklahoma.

M&A Deal Summary

Date 2014-02-03
Target GlobalHealth
Sector Insurance
Buyer(s) Kinderhook Industries
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Allegiance Capital (Financial)
McAfee & Taft (Legal)

Target

GlobalHealth

Oklahoma City, Oklahoma, United States
GlobalHealth is a health maintenance organization (HMO), serving over 40,000 members. GlobalHealth is the largest private HMO serving Oklahoma’s state, education and municipal employees. GlobalHealth was founded in 1919 and is based in Oklahoma City, Oklahoma.

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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 21 of 66
Sector (Insurance) 2 of 4
Type (Buyout (LBO, MBO, MBI)) 15 of 27
State (Oklahoma) 2 of 2
Country (United States) 20 of 64
Year (2014) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-04 QCSA Holdings

Eldridge, Iowa, United States

QCSA Holdings, Inc., through its brands, QCSA Direct, Crashed Toys and DVAA, is a remarketer of vehicles including commercial and industrial vehicles, cars, trucks, motorcycles, ATVs, RVs, boats and personal watercraft in the U.S. QCSA Direct is a provider of salvage vehicle auction and related services in the U.S. Salvage auctions act as an intermediary between salvage vehicle suppliers (primarily insurance companies) and salvage vehicle buyers (recyclers, dismantlers, rebuilders, scrap metal producers, etc.).

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FOLLOWING 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 -