April 3, 2024

New York, NY – Vehicle Accessories, Inc. (“VAI”), a portfolio company of Kinderhook Industries, LLC (“Kinderhook”), announced today the acquisition of Maxton Group, Inc. (“Maxton Group,” “Maxton,” or the “Company”). Maxton Group is a leading designer and producer of emblem overlays, badging, LED lighting products, tailgate products, and other automotive accessories to automotive original equipment manufacturers (“OEMs”). The acquisition represents the eighth add-on acquisition for VAI and Kinderhook’s 201st automotive-related transaction. Financial terms of the transaction were not disclosed.

Maxton Group has been offering a breadth of accessory solutions to OEMs since 2013. The Company’s manufacturing operations were born out of demand for products not offered in the market. With a focus on design and quality, Maxton has delivered innovative new product designs both within its core emblem overlay category and in other categories such as lighting products and tailgate locks.

“We are so happy to welcome Maxton to the VAI family. Maxton has an exciting and growing product portfolio that expands VAI’s solutions and a strong reputation in the market that we look forward to building upon. We are also excited to welcome Jason Adang to the team as President of Maxton Group,” said J Pearson, VAI Executive Chairman.

“VAI has consistently scaled and diversified its business through strategic acquisition. We are thrilled to add another well-established, complementary business to the platform with Maxton. Maxton has a consistent track record of supplying its customers with quality, innovative products that enhance their vehicles, making Maxton a perfect match for VAI,” said Tom Tuttle, Managing Director of Kinderhook Industries.

“We are excited to partner with both VAI and Kinderhook and look forward to finding ways to better serve our customer base together. The combination of Maxton and VAI unlocks exciting growth opportunities and reinforces our commitment to delivering exceptional quality and service,” said Jason Adang, President of Maxton Group.

Sidley Austin LLP and Kirkland & Ellis LLP served as legal counsel to VAI. Financing for the transaction was provided by Twin Brook Capital Partners, LLC, Kayne Anderson Capital Advisors, L.P., Alliance Partners LLC, Cliffwater LLC, and United Community Bank.

For additional information about this transaction, please contact: 
Thomas Tuttle
Managing Director
(212) 201-6781
[email protected]
 
Nate Druckenmiller
Principal
(212) 201-6791
[email protected]