1H 2019 Manufacturing M&A Report

Kinderhook Continues to Push into the Automotive Aftermarket Since its inception, Kinderhook has now done 74 automotive related transactions and in 2019 continues its push into branded manufacturers serving the specialty and customized automotive market. Heading into this year Kinderhook already had three distinct platforms in this arena: SCA Performance – a direct-from-the-manufacturer lifted truck builder, Race Winning Brands – high-performance parts for powersports, and Bestop – a manufacturer of factory and replacement Jeep soft tops. In February 2019 Kinderhook added a fourth platform in this space, the Adell Group which manufactures aftermarket protective door edge guards for OEMs. In June Adell completed its first acquisition as a Kinderhook platform when it purchased Powerflow – a manufacturer of injection-molded automotive plastic accessories like splash guards, body side molding, and bumper protectors. Through the 2nd quarter Kinderhook has made five acquisitions across these four specialty and customized automotive manufacturers in 2019. SDR anticipates that Kinderhook will continue to announce add-ons for Adell & SCA throughout the remainder of 2019…