Kinderhook-backed All States Ag Parts buys Combine World

All States Ag Parts, a portfolio company of Kinderhook Industries, has acquired Saskatchewan-based Combine World, a supplier of new, used, and reconditioned farm and light construction equipment and replacement parts.

All States Ag Parts, a portfolio company of Kinderhook Industries, has acquired Saskatchewan-based Combine World, a supplier of new, used, and reconditioned farm and light construction equipment and replacement parts. No financial terms were disclosed. Monroe Moxness Berg PA served as legal counsel to ASAP on the deal.

PRESS RELEASE

Hudson, WI – All States Ag Parts, LLC (“All States Ag Parts” or “ASAP”), the leading supplier of replacement agricultural parts in North America and portfolio company of Kinderhook Industries, LLC (“Kinderhook”), announced today the acquisition of Combine World Inc. (“Combine World” or the “Company”). Combine World is a Canada-based supplier of new, used, and reconditioned farm and light construction equipment and replacement parts. Combine World specializes in alternative parts for combines. Combine World will be ASAP’s sixth add-on acquisition.

The acquisition of Combine World, based in Saskatchewan, expands ASAP’s presence into Western Canada, providing ASAP with two strategic locations to serve the world’s 8th largest agricultural economy. ASAP previously purchased Ontario-based Fawcett Tractor Supply in November 2019.

“This is a great acquisition for us,” said John Dyke, CEO of All States Ag Parts. “Combine World complements our line of tractor parts being offered at Fawcett Tractor Supply and positions us to deliver tractor, combine and other agricultural parts to the farming community in Canada,” said Dyke.

Paul Cifelli, Managing Director at Kinderhook, stated, “The Combine World acquisition demonstrates ASAP’s desire to expand both its Canadian footprint as well as its product offering. Combine World’s combine-focused product expertise will allow ASAP to offer a full suite of agricultural replacement parts to better serve its customers in the region.”
Former owner, Charlie Smith, will continue to operate Combine World during the transition period while also joining ASAP’s executive team. “Being part of All States Ag Parts is a great opportunity to improve our ability to take care of our customers. We’ll have access to our current combine parts inventory while also growing our tractor parts selection,” said Smith.

Monroe Moxness Berg PA served as legal counsel to ASAP. Financing for the transaction was provided by Maranon Capital.

About Kinderhook Industries
Founded in 2003, Kinderhook Industries, LLC is a private investment firm that manages $3.3 billion of committed capital. We have made in excess of 250 investments and follow-on acquisitions since inception. Kinderhook’s investment philosophy is predicated on matching unique, growth-oriented investment opportunities with exceptional financial expertise and our proprietary network of operating partners. Our focus is on middle market businesses with defensible niche market positioning in the healthcare services, environmental / business services, and automotive / light manufacturing sectors. We have a track record of successfully and consistently building industry leaders.
For more information, please visit: www.kinderhook.com

About All States Ag Parts
All States Ag Parts is the leading supplier of used, rebuilt and aftermarket parts for all makes and models of tractors, combines and other farm machinery. The company is a leader in each of its segments and provides customers with a single source for repair parts, offering competitive pricing, unmatched availability, and industry-best warranties. ASAP is headquartered in Hudson, Wisconsin, and its footprint covers nine U.S. states (Wisconsin, Minnesota, Iowa, Missouri, Nebraska, South Dakota, Georgia, New York, and California) in the heartland of U.S. farming, as well as two Canadian provinces (Ontario and Saskatchewan).

For more information, please visit: www.tractorpartsasap.com

About Combine World
Combine World is a Canada-based supplier of new, used, and reconditioned farm and light construction equipment and replacement parts. Combine World specializes in alternative parts for combines. The Company is headquartered in Elstow, Saskatchewan, Canada.
For more information, please visit: www.combineworld.com