3M Makes Strategic Investment in Repairify (asTech)

February 23, 2021

3M Company has made a strategic (minority) investment in Repairify, Inc. d/b/a asTech, a Kinderhook Industries portfolio company that provides OEM diagnostics, calibration and repair technology to the automotive repair aftermarket. The investment will help asTech accelerate its tools, technology and service offerings and expand commercially across the Americas and Europe; financial terms were not disclosed.

Buyers
3M Company
Targets
Repairify, Inc. (d/b/a asTech)
Sellers
Kinderhook Industries, LLC
Industry
Automotive
Location
Texas, United States
Transaction Type
Growth capital

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