Kinderhook Industries Acquires Continental Auto Parts

Kinderhook Industries Acquires Continental Auto Parts

Continental Auto Parts, a New Jersey-based aftermarket collision parts distributor, has 10 hubs in the East and Midwest.

Kinderhook Industries, LLC has acquired Continental Auto Parts, L.L.C. in partnership with management. Continental Auto Parts (CAP) is a distributor of aftermarket collision automotive parts to multi-shop operators and independent collision shops based in Newark, New Jersey. CAP represents Kinderhook’s 29th automotive/light manufacturing platform investment, the company said. Financial terms of the transaction were not disclosed.

Founded in 1997 by Thomas Lee, CAP has expanded organically through the opening of ten hubs across New Jersey, New York, Pennsylvania and Ohio. Lee will remain as president and CEO of Continental Auto Parts. Rob Wagman, former CEO of LKQ Corporation, now serves as executive chairman of Continental Auto Parts.

“I am thrilled to embark upon this new chapter of growth and expansion with Kinderhook and Rob Wagman, as is the entire Continental Auto Parts team,” Lee said. “Their extensive experience and expertise in the industry make them ideal partners to help CAP realize its growth potential both organically and through acquisition.”

Wagman added: “I am delighted to partner with Thomas Lee and the exceptional team at CAP in my new role as executive chairman. I have deep admiration for the entrepreneurial spirit embodied by Thomas Lee, whom I have had the privilege of knowing for over a decade. He has built a phenomenal business that is poised to expand its scale and reach in partnership with Kinderhook.”

Kirkland & Ellis LLP served as legal counsel to Kinderhook for the transaction. Silvergrove Advisors served as financial advisor to Continental Auto Parts for the transaction. Financing for the transaction was provided by Truist Bank.

You May Also Like

Longtime ABRA Owners Named Franchisee of the Year

Geri and Jerry Kottschade own Jerry’s ABRA in Mankato, Minnesota.

Photo caption, left to right: Wayne Kelly, Geri Kottschade, Laura Kottschade, Jerry Kottschade, Sabrina Thring and Damien Reyna

Geri and Jerry Kottschade, owners of Jerry’s ABRA in Mankato, Minnesota, recently added another accolade to their collection: ABRA Franchisee of the Year for 2023.

Franchisee of the Year is the highest award given in the ABRA family, and it represents the top performer in the ABRA network. This winner was chosen on criteria such as leadership among the ABRA network; excellent performance; mentorship of other franchise owners; and support for the entire ABRA family.

PPG, PPG Foundation to Invest $2M for Skilled Trade Careers

The investment will provide training and opportunities for future skilled workers in manufacturing and coatings application.

Driven Brands Honors Members with Awards Gala

Driven Brands capped off its 2023 Evolution Conference with an awards gala that celebrated individual owners’ achievements.

Driven Brands 2023 evolution Awards
ProColor Collision Continues Expansion in California

Franchise owners William and Ranya Mudawar transitioned their Santa Ana body shop to the ProColor Collision brand.

NABC Donates Recycled Ride to Chicago Mom

Michelle Shaw received a 2014 Dodge Durango courtesy of the NABC Recycled Rides program.

Other Posts

Epicor Acquires Elite EXTRA

The acquisition adds advanced last-mile delivery capabilities across the make, move and sell industries.

Fenix Parts Completes Acquisition of Brothers Auto Parts

The move is expected to expand Fenix Parts’s reach in the Midwest and enhance regional production.

Fenix parts acquires Brothers auto parts
P&F Ind. to be Acquired by Shoreview Ind.

The acquisition would be an all-cash transaction of $13 per share.

Safelite Group Acquires Intermountain Autoglass

The transaction was completed on Oct. 6.