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All States Ag Parts Acquires Hoye Tractor

All States Ag Parts Acquires Hoye Tractor

May 12, 2021

Hudson, WI – All States Ag Parts, LLC (“All States Ag Parts” or “ASAP”), the leading supplier of replacement agricultural and construction parts in North America and portfolio company of Kinderhook Industries, LLC (“Kinderhook”), announced today the acquisition of Hoye Tractor Parts, Inc. (“Hoye Tractor” or the “Company”). Hoye Tractor is a distributor of new aftermarket and used tractor parts primarily for Yanmar tractors. Hoye Tractor is based in Iowa Park, TX and specializes in online parts sales. Hoye Tractor will be ASAP’s ninth add-on acquisition since partnering with Kinderhook in July 2018.

The acquisition of Hoye Tractor expands ASAP’s aftermarket parts catalog, online presence and geographic presence into North Texas, an agricultural hotbed. ASAP also recently acquired TractorJoe and Yesterday’s Tractor, both leading online-focused parts distributors.

“We are thrilled to welcome Hoye Tractor to the family of ASAP companies,” said John Dyke, CEO of All States Ag Parts, “Hoye Tractor will add over 200,000 Yanmar used and aftermarket parts to our product catalog.”

Paul Cifelli, Managing Director at Kinderhook, stated, “The Hoye Tractor acquisition provides ASAP with access to a new market in North Texas and we feel that ASAP management’s expertise and track record will allow this business to achieve significant growth moving forward. Hoye Tractor has an unparalleled track record of high-quality customer service and product expertise that will be invaluable to the ASAP team.”

Fredrikson & Byron, P.A. served as legal counsel to ASAP. Financing for the transaction was provided by Maranon Capital.

For additional information about this transaction, please contact: 
Paul Cifelli
Managing Director
(212) 201-6797
[email protected]
 
Michael Zoch
Managing Director
(212) 201-6785
[email protected]
 
Nate Druckenmiller
Principal
(212) 201-6791
[email protected]


About Kinderhook Industries

Founded in 2003, Kinderhook Industries, LLC is a private investment firm that has raised $8.5 billion of committed capital. We have made in excess of 500 investments and follow-on acquisitions since inception. Kinderhook’s investment philosophy is predicated on matching differentiated, growth-oriented investment opportunities with 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 & industrial services, and light manufacturing & automotive sectors.

For more information, please visit https://www.kinderhook.com


About PartsASAP

PartsASAP (f/k/a All States Ag Parts) is a leading supplier of used, rebuilt and new aftermarket parts for all makes and models of agricultural, construction, and industrial equipment. The company has a demonstrated track record in each of its segments and presents a compelling value proposition to its customers based on competitive pricing, unmatched availability, and industry-best warranties. ASAP is headquartered in Hudson, Wisconsin, and its footprint covers nineteen U.S. states in the heartland of U.S. farming, as well as five Canadian provinces.

For more information, please visit https://partsasap.com/


About Hoye Tractor

Founded in 1999, Hoye Tractor is a distributor of new aftermarket and used tractor parts primarily for Yanmar tractors. Hoye Tractor is based in Iowa Park, TX and distributes its products primarily through its online channel.

For more information, please visit https://www.hoyetractor.com/

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