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Announced

Kinderhook Industries-backed Repairify to acquire adasThink.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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technology

driver assistance systems

Single Bidder

Friendly

Canada

Pending

Acquisition

Domestic

Private

Software

Majority

Private Equity

Synopsis

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Kinderhook Industries-backed Repairify, a provider of remote diagnostic solutions and services, agreed to acquire adasThink, which retrieves information related to the vehicle-specific advanced driver-assistance systems and identifies required ADAS procedures and calibration based on labor operations in an automotive repair estimate. Financial terms of the transaction were not disclosed. "adasThink is a strategic acquisition that allows asTech to augment its service offering with identification of advanced vehicle systems that do not display a diagnostic trouble code. While these systems do not display diagnostic trouble codes, calibrations are necessary to ensure that vehicles are functioning as designed by the manufacturer," Paul Cifelli, Kinderhook Managing Director.

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