Kinderhook Industries has acquired Continental Auto Parts, a leading distributor of aftermarket collision automotive parts, aiming to leverage strategic growth opportunities in the automotive aftermarket sector.

Target Information

Kinderhook Industries, LLC has announced its acquisition of Continental Auto Parts, L.L.C. in partnership with the management team. Continental Auto Parts, commonly referred to as CAP, is a prominent distributor specializing in aftermarket collision automotive parts, catering primarily to multi-shop operators (MSOs) and independent collision repair centers. This acquisition marks Kinderhook's 29th investment in the automotive and light manufacturing sector since the firm's inception. Financial details surrounding the transaction remain undisclosed.

Headquartered in Newark, New Jersey, CAP functions as a warehouse distributor of aftermarket collision automotive parts predominantly serving collision centers. The company prides itself on a comprehensive range of products that cover various categories, makes, and models, which solidifies its reputation as a preferred supplier. Founded in 1997 by Thomas Lee, CAP has achieved substantial growth through the establishment of ten strategically positioned hubs across New Jersey, New York, Pennsylvania, and Ohio. Lee will continue to serve as both President and CEO of Continental Auto Parts, while Rob Wagman, the former CEO of LKQ Corporation, has taken on the role of Executive Chairman.

Industry Overview

The automotive aftermarket in the United States, particularly in regions like New Jersey, New York, Pennsylvania, and Ohio, has shown significant growth over the last decade. The increasing number of vehicles on the road, coupled with a risi