Kinderhook Recapitalizes Buffalo Group to Form Automotive Keys Group
January 13, 2021
Kinderhook Industries recapitalized Buffalo Group, partnering with management to form Automotive Keys Group (AKG), a platform for consolidation in the automotive keys aftermarket. Kinderhook added experienced industry operators to AKG's board and secured debt financing from Ares and Regions Bank; financial terms were not disclosed.
- Buyers
- Kinderhook Industries, LLC
- Targets
- Buffalo Group, LLC (Automotive Keys Group)
- Sellers
- Management, Rob Popkey, Ayal Sharvit
- Platforms
- Automotive Keys Group
- Industry
- Automotive
- Location
- Illinois, United States
- Transaction Type
- Recapitalization
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