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All States Ag Parts Acquires H&R Construction Parts & Equipment

All States Ag Parts Acquires H&R Construction Parts & Equipment

April 15, 2020

Hudson, WI – An affiliate of All States Ag Parts, LLC (“ASAP”), a portfolio company of Kinderhook Industries, LLC (“Kinderhook”), announced today the acquisition of H&R Construction Parts & Equipment, Inc. (“H&R” or the “Company”), a Buffalo, NY based supplier of new, used, reconditioned, and rebuilt heavy equipment parts. H&R represents the 5th add-on acquisition for ASAP and Kinderhook’s 85th acquisition in the automotive aftermarket.

H&R Construction Parts & Equipment is a leading independent value-added dismantler and supplier of new, used, reconditioned, and rebuilt heavy equipment parts to OEM dealers, wholesalers, and retailers. H&R purchases used machinery from auctions, equipment dealers, and direct from end-users, and then disassembles and reconditions parts for resale. The Company specializes in heavy equipment parts for excavators, wheel loaders, bulldozers, and articulated trucks. H&R will be managed by newly hired General Manager, Nick Ecker. Mr. Ecker  previously worked for LKQ Corporation (NASDAQ:LKQ) and has a long history in the heavy equipment salvage and parts industry.

“This is a great acquisition for us,” said John Dyke, CEO of All States Ag Parts. “The acquisition of H&R puts us in a stronger position to serve the construction industry. ASAP customers will have access to many additional products in the near future, not only related to agriculture parts, but also a greatly expanded selection of construction equipment parts.”

Paul Cifelli, Managing Director at Kinderhook, stated, “With this acquisition, All States Ag Parts becomes a one-stop shop for agriculture, industrial, and heavy construction equipment parts. We look forward to the future success of ASAP and H&R as they operate as leaders in the industry.”

Monroe Moxness Berg PA served as legal counsel to ASAP.

For additional information about this transaction, please contact: 

Paul Cifelli
Managing Director
+1 (212) 201-6797
[email protected]
Michael Zoch
Managing Director
+1 (212) 201-6785
[email protected]

 


About Kinderhook Industries

Founded in 2003, Kinderhook Industries, LLC is a private investment firm that manages over $5.4 billion of committed capital. We have made in excess of 375 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 https://www.kinderhook.com


About All States Ag Parts

All States Ag Parts is a leading supplier of used, rebuilt and aftermarket parts for all makes and models of tractors, combines, other farm machinery, and construction equipment. 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 eighteen U.S. states in the heartland of U.S. farming, as well as five Canadian provinces.

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


About H&R Construction Parts & Equipment

H&R Construction Parts & Equipment is a leading independent value-added dismantler and supplier of new, used, reconditioned, and rebuilt heavy equipment parts to OEM dealers, wholesalers, and retailers. H&R purchases used machinery from auctions, equipment dealers, and direct from end-users, and then disassembles and reconditions parts for resale. The Company specializes in heavy equipment parts for excavators, wheel loaders, bulldozers, and articulated trucks.

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

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