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All States Ag Parts Acquires Yesterday’s Tractor

All States Ag Parts Acquires Yesterday’s Tractor

January 19, 2021

Hudson, WI – All States Ag Parts, LLC (“All States Ag Parts” or “ASAP”), the leading supplier of replacement agricultural parts in North America and portfolio company of Kinderhook Industries, LLC (“Kinderhook”), announced today the acquisition of Yesterday’s Tractor Co. (“Yesterday’s Tractor” or the “Company”). Yesterday’s Tractor is a leading online retailer of antique tractor parts. Additionally, the Company provides antique tractor owners with an online forum for repair and other industry information. Yesterday’s Tractor will be ASAP’s eighth add-on acquisition.

The acquisition of Yesterday’s Tractor demonstrates ASAP’s commitment to expanding its online presence and further solidifies ASAP’s position as the largest direct-to-consumer supplier for replacement agriculture parts. ASAP previously acquired TractorJoe, another leading online retailer, in December 2020.

“Over the past two decades Yesterday’s Tractor has established itself as the premier resource for antique tractor repair and restoration information,” said John Dyke, CEO of All States Ag Parts, “We want to continue to serve the community that Yesterday’s Tractor has built and expand the current parts offering to include used parts in addition to expanding the remanufactured and new part lines.”

Paul Cifelli, Managing Director at Kinderhook, stated, “The Yesterday’s Tractor acquisition provides ASAP with a highly complementary product line and illustrates our commitment to growing our online direct-to-consumer business. We are impressed by the strong business Ms. Pratt and her team have built over the years, and we look forward to bringing ASAP’s capabilities to Yesterday’s Tractor’s loyal customer base.”

Former owner, Kimberly Pratt, will continue to run Yesterday’s Tractor while also joining ASAP’s executive team. “We’re excited to know that the resources and community Yesterday’s Tractor has developed will be in good hands with All States Ag Parts” said Pratt.

Monroe Moxness Berg 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
Vice President
(212) 201-6791
[email protected]
 
Kevin Gayhardt
Senior Associate
212-201-9979
[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

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