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All States Ag Parts Acquires Romac Industrial Parts

All States Ag Parts Acquires Romac Industrial Parts

September 2, 2022

Hudson, WI – All States Ag Parts, LLC (“All States Ag Parts” or “ASAP”), the leading North American supplier of replacement agricultural and construction parts, announced the acquisition of Romac Industrial Parts (“Romac” or the “Company”). Founded in 1992 and based in Woodstock, GA, Romac specializes in replacement ground engaging tools (“GET”) including bucket teeth, blades and rubber tracks utilized on excavators, graders, bulldozers and other heavy construction equipment. The Company’s products are available for nearly all makes and models of heavy construction equipment. Romac is ASAP’s fourteenth add-on acquisition since partnering with Kinderhook.

The acquisition is a logical extension for ASAP’s existing construction parts business and further solidifies its position as a leading replacement parts business diversified across agriculture and industrial markets. Post-close, ASAP will operate 42 locations across North America including salvage yards featuring ag and construction equipment, distribution centers, remanufacturing plants and customer service call centers.

“The acquisition of Romac will further strengthen our ability to serve the construction industry by adding a full suite of ground engaging tools that were not previously carried by ASAP,” said Bill Davidson, President of ASAP.

Dave Rose, Owner of Romac said, “I am excited for Romac to be part of the All States Ag Parts family of companies. We look forward to partnering with ASAP to provide our product catalog to new markets and distribution points throughout the U.S.”

Paul Cifelli, Managing Director at Kinderhook, stated, “Romac is a fantastic acquisition for ASAP and deepens our commitment to being the leading provider of alternative parts to the construction industry.”

Fredrikson & Byron, P.A. served as legal counsel to ASAP. Financing for the transaction was provided by a lending syndicate led by Maranon Capital LP, Capital One, Madison Capital, and Ares Management.

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
Vice President
(212) 201-6791
[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 http://www.tractorpartsasap.com

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