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: