Kinderhook buys Collision Diagnostic Services

Kinderhook Industries LLC said Tuesday that it acquired the operating assets of Collision Diagnostic Services. AES Technologies LLC and Automotive Electronic Solution Providers LLC were the sellers. Financial terms weren’t announced. The acquisition was part of a sale process under Section 363 of the U. S. Bankruptcy Code. Collision Diagnostic provides remote diagnostic solutions and services to the collision industry.


Kinderhook-backed Lodis merges with American Belt

Kinderhook Industries said Wednesday that portfolio company Lodis Accessories has merged with The American Belt Company. The Ford family was the seller. Financial terms weren’t announced. The combined company was renamed American Accessories. Bensalem, Pennsylvania-based American Belt provides men’s accessories, like belts and wallets and small leather goods. Financing for the transaction was provided by PNC Bank. HT Capital Advisors advised The American Belt Company.


Kinderhook buys Superwinch

Kinderhook Industries said Wednesday that it acquired Superwinch Holdings from Islington Capital Partners. Financial terms weren’t announced. Dayville, Connecticut-based Superwinch designs, makes and markets winch systems and accessories. TCF Capital Funding provided financing.


Kinderhook buys CSDVRS

Kinderhook Industries said Tuesday it has acquired CSDVRS LLC from M/C Partners, Providence Equity Partners and Communication Service for the Deaf. Financial terms weren’t announced. Clearwater, Florida-based CSDVRS provides VRS services that enable deaf and hard of hearing individuals to communicate with hearing people. GE Capital provided financing for the deal.


Kinderhook celebrates 23x gain on Tectum Holdings

Kinderhook Industries has sold a majority stake in Tectum Holdings (THI) to TA Associates. The sale represents a return in excess of $300 million for Kinderhook Capital Fund II, translating to approximately 23x Kinderhook’s invested capital.


Kinderhook buys ThermaCell

Kinderhook Industries has acquired ThermaCell Mosquito Repellent division from The Schawbel Corporation. Financial terms were not disclosed.


Kinderhook’s Custom Ecology buys B.J. Bear

Custom Ecology, a portfolio company of Kinderhook Industries, has acquired B.J. Bear. No financial terms were disclosed. Based in Ontario, B.J. Bear is a provider of outsourced municipal solid waste hauling solutions.


US Ecology agrees to buy PE-owned EQ for $465 mln

US Ecology has agreed to acquire EQ, a portfolio company of private equity firm Kinderhook Industries, for $465 million. The transaction is expected to be completed in either the second or third quarter of 2014. Houlihan Lokey is advising US Ecology on the deal while Stifel is advising EQ. Wells Fargo Securities and Credit Suisse Securities are arranging for the financing. Based in Wayne, Michigan, EQ is an environmental services and waste management firm.


Kinderhook’s THI acquires BAK

Tectum Holdings (THI), a portfolio company of Kinderhook Industries has acquired Laurmark Enterprises (BAK). Concurrent with the acquisition of BAK, THI executed a dividend to its shareholders, which has resulted in a return of cash in excess of 7 times Kinderhook’s initial investment. Financial terms of the overall transaction were not disclosed.

Primeritus acquires Repo Remarketing

Primeritus Financial Services has acquired Repo Remarketing, a vehicle recovery and remarketing firm. Financial terms of the transaction were not disclosed. Primeritus Financial Services is a portfolio company of Kinderhook Industries.

Kinderhook acquires GlobalHealth

Kinderhook Industries has acquired GlobalHealth. GlobalHealth is Kinderhook’s seventh healthcare platform investment and eighteenth purchase in the healthcare services space, including add-on acquisitions. Financial terms of the transaction were not disclosed. GlobalHealth is an Oklahoma based health maintenance organization.

CRA Acquires CCD

Clinical Research Advantage, a portfolio company of Kinderhook Industries, has acquired the late phase division of Comprehensive Clinical Development. The deal represents the tenth healthcare services transaction completed by Kinderhook. Financial terms of the transaction were not disclosed.

Kinderhook’s E4 Health Acquires CFN

Kinderhook Industries‘ portfolio company E4 Health has acquired Corporate Family Network. The deal represents the 12th healthcare services transaction completed by Kinderhook. Financial terms of the transaction were not disclosed. Based in Dallas, TX, E4 Health is a provider of employee assistance programs and behavioral health risk management programs.


Kinderhook Industries Acquires IDQ from Castle Harlan

Kinderhook Industries has acquired IDQ Acquisition Corp from Castle Harlan. Headquartered in Garland, TX, IDQ is Kinderhook’s sixth platform investment in the automotive aftermarket and seventeenth purchase in the space, including add-on acquisitions.

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