July, 2020. Peakstone served as exclusive M&A advisor to Buffalo Group, LLC.
Peakstone announced its role as M&A advisor to Buffalo Group (the “Company”) in its recapitalization by Kinderhook Industries (“Kinderhook”). Together with the Company’s management, Kinderhook formed Automotive Keys Group (“AKG”) as a platform for consolidation in the automotive keys industry. Buffalo Group’s founders, Rob Popkey and Ayal Sharvit, are on AKG’s Board of Directors and serve as Chairman and CEO, respectively.
Rob Popkey commented, “With our rapidly growing company at an inflection point, we engaged Peakstone to assist us to find the right capital partner to take the business to the next level, which we found in Kinderhook. Peakstone did a terrific job of positioning the business, delivering options and advising us through the process.”
Buffalo Group is a leading remanufacturer and distributor of replacement automotive keyless entry remotes, other key replacements and related equipment. The Company sells into a variety of end markets through several sales channels and customer-facing brands. With a diverse set of supplier relationships, the Company provides a comprehensive product offering for over 95% of the vehicles on the road.
Kinderhook Industries, LLC is a private investment firm that manages over $3.3 billion of committed capital and has made in excess of 250 investments and follow-on acquisitions since inception. Kinderhook’s investment philosophy is predicated on matching unique, growth-oriented investment opportunities with exceptional financial expertise and its proprietary network of operating partners.
Terms of the transaction were not disclosed.
For additional information please contact the following:
Christian Colucci, Managing Director, 312-346-7349, christian@peakstone.com
Alex Fridman, Managing Director, 312-346-7303, afridman@peakstone.comn
Jeff Temple, Managing Director, 312-346-7301, jtemple@peakstone.com
About Peakstone
Peakstone is a leading investment bank that specializes in mergers and acquisitions, advisory, and capital raising for middle market clients. Our team is comprised of senior investment banking professionals who have decades of experience and have executed hundreds of transactions totaling billions of dollars. For additional information, visit www.peakstone.com. To receive investment and proprietary acquisition opportunities, please register at www.peakzone.com.