Autokiniton Global Group (KPS) Acquires Tower International for $31/Share

Automotive Keys Group Acquires International Key Supply

April 5, 2021

Automotive

Automotive Keys Group (AKG), a portfolio company of Kinderhook Industries, acquired International Key Supply (IKS), a Farmingdale, New York-based provider of automotive keys, remotes, programming tools and related accessories. IKS founder Sean McAuliffe will join the AKG leadership team; the deal was financed by a syndicate led by Ares and Regions Bank and was advised by Kirkland & Ellis (legal) and Conlin & Co. (financial).

Keyloop Acquires Automotive Transformation Group (ATG)

April 10, 2024

Automotive

Keyloop has entered into a definitive agreement to acquire Automotive Transformation Group (ATG), an omnichannel automotive retailing software provider headquartered in Kent, United Kingdom. The acquisition (an add-on to Keyloop's PE-backed platform) will combine ATG's Fusion omnichannel platform and data capabilities with Keyloop's global automotive technology portfolio to accelerate integrated omnichannel retailing for dealers, OEMs, financiers and fleet suppliers.

Global Industrial (Systemax) Acquires Plant Equipment Group from TAKKT

January 30, 2015

Industrial Services

Global Industrial, the industrial products business unit of Systemax Inc., has acquired Plant Equipment Group (PEG), a business unit of TAKKT America Holding Inc. and TAKKT AG. PEG, headquartered in Milwaukee, Wisconsin, is a direct-marketing distributor of storage and material handling products; the sale represents a divestiture by TAKKT and expands Global Industrial's product offering and North American distribution footprint.

KPS Capital Partners Acquires IKG from Harsco Corporation

January 10, 2020

Manufacturing

KPS Capital Partners, through its KPS Special Situations Mid‑Cap Fund, has signed a definitive agreement to acquire the IKG bar grating business from Harsco Corporation for $85 million, subject to customary adjustments. IKG, a Houston‑headquartered manufacturer of steel and aluminum bar grating with ~350 employees and six U.S./Mexico facilities, will become an independent portfolio company under KPS to pursue organic growth and strategic acquisitions.

KPS Capital Partners to Acquire Substantially All Assets of Garrett Motion Inc.

September 20, 2020

Automotive

KPS Capital Partners, through a newly formed affiliate, agreed to acquire substantially all of the assets of Garrett Motion Inc. for approximately $2.1 billion and was designated as the stalking-horse bidder as Garrett filed for Chapter 11. KPS will participate in Garrett's DIP financing to support operations, and a syndicate of banks has committed exit financing; the sale remains subject to court approval and customary closing conditions.

KPS Capital Partners Acquires AM General LLC

July 22, 2020

Aerospace & Defense

KPS Capital Partners, through a newly formed affiliate, signed a definitive agreement to acquire AM General LLC from an affiliate of MacAndrews & Forbes Incorporated. AM General is a leading designer and manufacturer of military and specialty ground vehicles (including the HUMVEE), headquartered in South Bend, Indiana; KPS said it plans to invest in the business and grow the platform organically and via acquisitions.