asTech Acquires Mobile Tech RX

asTech Acquires Mobile Tech RX

Mobile Tech RX is a leading automotive and collision reconditioning application with more than 4,000 companies and approximately 6,000 active users.

Repairify Inc. d/b/a asTech, a portfolio company of Kinderhook Industries LLC, has announced the acquisition of Mobile Tech RX. Mobile Tech RX is a leading automotive and collision reconditioning application with more than 4,000 companies and approximately 6,000 active users that enables technicians to estimate, invoice, manage teams and collision workflow, process repair orders and capture data on-the-go through their mobile devices. Mobile Tech RX also provides instant damage pricing estimates using machine learning enabled AI and computer vision with dispatch functionality to their technicians across the country in their own marketplace. The company represents the 12th add-on acquisition for asTech and Kinderhook’s 112th automotive-related transaction. Financial terms of the transaction were not disclosed.

Today, there are more than 4,000 companies leveraging the application for glass repair, detailing, paintless dent repair (PDR), wheel and rim repair, paint touch up, window tint, interior repair, PPF and vinyl repairs. This technology enables these businesses to have all the necessary tools to compete from marketing, workflow, finance, payment to real-time analytics dashboards. Everything an independent automotive and collision business needs to manage, grow and enhance their position in the industry.  

“Mobile Tech RX is a strategic acquisition that allows asTech to expand both its product offering and customer base. The company provides asTech with access to an established network of repair technicians across 4,000 businesses and 6,000 technicians, instantly increasing asTech’s scale and capabilities,” said Paul Cifelli, managing director of Kinderhook Industries.

“Repairify is thrilled to welcome Eric Garves from Mobile Tech RX, who will be joining the Repairify team as the CEO of Mobile Tech RX. The company has demonstrated an ability to match demand while providing end customers access to a flexed labor with over 1.7 million vehicles repaired through its solution in the past year. We look forward to continued success as we further augment the application to include solutions across asTech’s platform of service offerings,” said Cris Hollingsworth, president of Repairify.

“The merger between Mobile Tech RX and Repairify will result in an application that better serves all end customers and technicians who currently utilize the solution,” said Eric Garves, CEO and co-founder of Mobile Tech RX. “Technicians will be capable of diversifying and expanding their revenue streams while end customers will benefit from access to a broader set of vehicle repairs.” 

Monroe Moxness Berg PA and Kirkland & Ellis LLP served as legal counsel to asTech. Financing for the transaction was provided by Ares Capital Corp. and Capital One.

You May Also Like

MPA Reports Strong Financial Results for Fiscal Q3 2024

MPA’s Q3 results showed increases in net sales, operating income and cash flow from operating activities.

Motorcar Parts of America, Inc. released its financial results for the fiscal 2024 third quarter and nine-month period ending December 31, 2023, showcasing increases in net sales, operating income and cash flow from operating activities.

During the fiscal third quarter, net sales surged by 13.2 percent to $171.9 million, accompanied by a substantial improvement in gross margin by 3.7 percentage points. Gross profit increased by 43.1 percent to $30 million, while operating income increased 170.1 percent to $9.5 million. The company generated approximately $53.6 million in cash from operating activities during the quarter, according to MPA's earnings report.

O’Reilly Reports Q4, Full-Year 2023 Financial Results

The company said it anticipates continued growth in 2024, with projections including 190 to 200 net new store openings.

financial results
Valvoline, Inc. Reports Q1 Growth

Valvoline saw an increase in system-wide stores to 1,890, including 895 company-operated stores and 995 franchised stores in Q1.

Valvoline Instant Oil Change building
Eaton Reports Record Q4 2023 Results

Fourth-quarter sales reached $6 billion, an 11% increase from the previous year, driven by organic growth and a slight boost from foreign exchange.

PACCAR Achieves Record Annual Revenues, Net Income

PACCAR Parts reported a record annual pre-tax income of $1.7 billion and revenues of $6.41 billion.

Financial-results

Other Posts

HDA Truck Pride Member Southside Trailer Service Expands

The company acquired PBS Brake & Supply in Syracuse, NY.

HDA Truck Pride Member Southside Trailer Service Expands
Vehlo Acquires Shop Management Software, Shop-Ware

Shop-Ware is a cloud-based shop management platform catering to independent automotive aftermarket repair shops.

Vehlo Acquires Shop Management Software, Shop-Ware
PGW Auto Glass Acquires AutoglassCRM

The acquisition will transform AutoglassCRM into Everything Autoglass, according to PGW Auto Glass.

Veoneer’s Restraint Control Systems Business Acquired

American Industrial Partners Capital Fund VII completed the acquisition of Veoneer’s Restraint Control Systems business from SSW Partners LP.

Veoneer's Restraint Control Systems Business Acquired