Kinderhook recaps NitroFill

Kinderhook Industries LLC has recapitalized Pompano Beach, Florida-based NitroFill LLC, a maker of nitrogen generation and inflation systems for passenger and truck tires. No financial terms were disclosed for the transaction that was done with NitroFill CEO Jay Lighter. Western Reserve Partners provided financial advice to NitroFill on the recap.


CLEVELAND, OH (December 21, 2016) – Western Reserve Partners LLC announced today that it served as the exclusive financial advisor to NitroFill, LLC in its recapitalization by Kinderhook Industries, LLC and NitroFill’s Chief Executive Officer Jay Lighter.

NitroFill was previously owned by affiliates of Crystal Ridge Partners and Mr. Lighter. The transaction was led by Director Matt Mueller, the firm’s Automotive Industry practice leader, and Managing Partner and CEO, Ralph Della Ratta. They were supported by Associate Margaret Graham and Analyst Bill Zaccardelli.

Headquartered in Pompano Beach, FL, NitroFill is a leading developer and marketer of patented nitrogen generation and inflation systems for passenger and truck tires as well as related tire warranties, customer benefit programs and reseller customer retention programs. NitroFill’s flagship product offering is a Tire Protection Plan program, sold primarily to and through new car dealerships, leveraging the Company’s patented nitrogen tire inflation product and unique product warranty, which includes: tire repair and replacement coverage, roadside assistance and other benefits, a comprehensive CRM solution to increase customer traffic and tire and service sales while providing significant value to end user consumers.

“We are pleased to have played a role in bringing NitroFill and Kinderhook together in this transaction. The combination of NitroFill’s innovative product solutions and highly motivated team with Kinderhook’s deep automotive industry experience and expansive strategic resources will no doubt allow NitroFill to rapidly accelerate its growth trajectory,” said Mr. Mueller of the transaction, which represents the sixth successful Automotive Industry transaction for Western Reserve since June 2014. “We enjoyed working with the NitroFill team and look forward to watching the company continue to thrive. We are also grateful for the opportunity to represent Crystal Ridge Partners on another successful transaction.”

“We are thrilled with the outcome of this transaction and I am excited to be partnered with Kinderhook,” said Mr. Lighter. “We appreciate the extraordinary service and direction we received from Western Reserve. There is no doubt that we chose the right team to guide us throughout this important process.”

About Western Reserve Partners LLC
Western Reserve Partners LLC provides M&A, capital raising and other financial advisory services to middle market companies across a focused set of industry verticals. We deliver thoughtful advice, keen market insight and superior execution to our clients, both nationally and internationally, and our managing directors average nearly 30 years of experience and have directly executed more than 600 transactions throughout their careers.
Western Reserve Partners’ Automotive Industry practice advises leading companies across the automotive industry, including businesses engaged in the manufacture, distribution and sale of products and services in the aftermarket, original equipment and dealer channels. Our professionals have extensive experience in the automotive industry, having completed more than 70 transactions at a collective value of nearly $6 billion.

Western Reserve Partners is a member firm of Oaklins, the world’s most experienced mid-market M&A advisory organization, as well as World Services Group, a global consortium of middle market focused law firms and other advisors, which provides unparalleled access to global companies and investors.

The firm is a FINRA-member broker / dealer and member of SIPC.

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