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Kinderhook Industries, LLC is a private investment firm that manages over $3.3 billion of committed capital.
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Monroe Moxness Berg PA served as legal counsel to AKG. Conlin & Co served as financial advisor to Midwest Keyless, Inc. "Our growing AKG platform is following the path of many previous Kinderhook successes in the automotive aftermarket." "Midwest Keyless has been a standard-setting automotive replacement keys company for over 15 years and is known for its knowledgeable staff who have a wealth of expertise on the ever-changing technology of the locksmith industry," said Paul Cifelli, Managing Director at Kinderhook. The integration of Midwest Keyless will allow us to better serve our customers and expand our relationships with locksmiths and other professionals nationwide and in Canada." The Company's differentiated procurement model and exemplary customer service processes will be leveraged across the broader AKG platform.Īyal Sharvit, CEO at AKG, stated, "The Midwest Keyless team is an invaluable addition to AKG and together we will enhance the growth potential of our combined businesses. The acquisition of Midwest Keyless magnifies AKG's presence in the wholesale and locksmith sales channels and adds a highly experienced and committed team to the organization. Midwest Keyless serves over 3,000 locksmiths and automotive professionals throughout the United States and Canada and provides leading technical support and ongoing education through its on-staff experts and training seminars on programming and key-cutting equipment. Financial terms of the transaction were not disclosed. Based in Spring Grove, IL, Midwest Keyless is a remanufacturer and distributor of replacement OEM and aftermarket keyless entry remotes & keys as well as key-cutting and programming equipment.
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NEW YORK, Ma/PRNewswire/ - Automotive Keys Group, LLC ("AKG"), a portfolio company of Kinderhook Industries, LLC (" Kinderhook"), announced today the acquisition, in partnership with Management, of Midwest Keyless, Inc.