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Original One Parts Acquires PartCycle

Original One Parts Acquires PartCycle

December 17, 2020

New York, NY – Original One Parts, LLC (“Original One Parts”), a portfolio company of Kinderhook Industries, LLC (“Kinderhook”), announced today the acquisition of PartCycle Technologies, LLC (“PartCycle” or the “Company”). PartCycle is an e-commerce marketplace for quality recycled original equipment manufacturer (“OEM”) automotive parts. The Company represents the first add-on acquisition for Original One Parts and Kinderhook’s 94th automotive-related transaction. Financial terms of the transaction were not disclosed.

Paul Cifelli, Managing Director at Kinderhook, stated, “Kinderhook is delighted that Original One Parts has executed its first add-on acquisition with PartCycle. PartCycle enables Original One Parts to expand its online presence through an established e-commerce platform and provides a new distribution outlet for Original One’s Recycled Plus line of products.”

“Original One Parts plans to leverage PartCycle’s platform as a full-service e-commerce solution for our full line of products,” said Wade Hilburn, CEO of Original One Parts. “PartCycle will immediately enhance Original One’s technology capabilities, as well as expand our parts procurement and recycler relationships.”

PartCycle Technology President Ryan Anderson and his entire team will be joining the Original One Parts team.

“We are very excited to join forces with Original One Parts and Kinderhook Industries,” said Anderson. “Our technology and years of industry experience within the management team puts us in a unique position to have an immediate positive impact on the Original One Parts certified parts program.”

Jerry Sullivan, Executive Chairman of Original One Parts added “PartCycle’s strong relationships with licensed recyclers will also enable Original One Parts to vastly expand its parts purchasing which will be a big boost for recyclers.”

Monroe Moxness Berg PA served as legal counsel to Original One Parts.

For additional information about this transaction, please contact: 
Paul Cifelli
Managing Director
(212) 201-6797
[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 Original One Parts

Original One Parts is a leading provider of certified original equipment manufacturer (OEM) auto parts for use in both collision and mechanical repairs. It serves independent collision repair shops, dealership service centers, multi-shop locations (MSOs) and other customers. Original One Parts employs its proprietary VINtegrity™ Certification Process, a rigorous six-step inspection and certification process to ensure all parts meet the exact fit, form and function as a new part. Original One Parts provides repairers with the smart solution for meeting OEM repair procedures with cost-effective refinished replacements parts.

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


About PartCycle

PartCycle is an e-commerce marketplace for quality recycled OEM auto parts. Based in Florence, AL, the company was founded in 2015 by two tech entrepreneurs with a shared passion for automobiles, DIY repair, and technology. Designed specifically for the auto parts industry, PartCycle connects people who need auto parts with the people who have them, using a platform that is trustworthy, modern, and very simple to use.

For more information, please visit http://www.partcycle.com

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