Original One Parts announced recently that it has been acquired by private equity firm Kinderhook Industries, LLC. Financial terms of the transaction were not disclosed.
Headquartered in Dallas, Texas, Original One Parts is a provider of certified original equipment manufacturer (OEM) auto parts for use in both collision and mechanical repairs. It serves independent collision repair shops, dealership service centers, multi-shop locations (MSOs) and other customers.
The company employs its proprietary VINtegrity Certification Process, a rigorous six-step inspection and certification process to ensure all parts meet the exact fit, form and function as a new part. Original One Parts provides repairers with the smart solution for meeting OEM repair procedures with cost-effective refinished replacements parts.
Original One Parts’ management team will continue to be led by industry veterans Wade Hilburn, CEO and co-founder of Original One Parts, and Jerry Sullivan, executive chairman and co-founder of QCSA Holdings, a national chain of Salvage Auctions sold by Kinderhook in 2014. These experienced leaders possess more than 60 years automotive remanufacturing, reconditioning and insurance claims experience.
“Partnering with Kinderhook with their vast experience in the automotive and light manufacturing industries will allow us to fulfill our vision,” said Hilburn. “Through this partnership, we can consistently deliver the highest quality certified re-conditioned OEM parts with a convenient electronic buying experience at an incredible value.”
“This new partnership will also provide Original One Parts the resources to offer an even broader range of high-quality parts to our collision repair and insurance partners. Going forward, we are positioned to efficiently and effectively support the repair needs of the ever-changing high-tech vehicles of today,” added Sullivan.
“Original One Parts has an innovative business model with a proven track record of success,” said Paul Cifelli, managing director at Kinderhook. “We are excited to add Original One to the Kinderhook portfolio and look forward to building the business in partnership with management.”
Kirkland and Ellis LP served as legal counsel to Kinderhook.
