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New Deal


Announced

Kinderhook Industries-backed Automotive Keys Group to acquire Midwest Keyless.

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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United States

Pending

replacement OEM

Majority

key-cutting

Single Bidder

keys

Domestic

Friendly

Consumer Services: Other

Acquisition

Private

Private Equity

Synopsis

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Kinderhook Industries-backed Automotive Keys Group, a remanufacturer and distributor of replacement automotive keyless entry remotes, agreed to acquire Midwest Keyless, a remanufacturer and distributor of replacement OEM. Financial terms were not disclosed. "The Midwest Keyless team is an invaluable addition to AKG and together we will enhance the growth potential of our combined businesses. 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," Ayal Sharvit, AKG CEO.

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