Stout announced today that its client, H&R Construction Parts & Equipment, Inc. (H&R), has been acquired by an affiliate of All States Ag Parts, LLC, a portfolio company of Kinderhook Industries, LLC, a private equity firm based in New York. Stout served as exclusive financial advisor to H&R in connection with this transaction.

H&R, founded in 1984 and headquartered in Buffalo, NY, is the leading independent value-added dismantler and supplier of new, used, reconditioned, and rebuilt heavy equipment parts. H&R serves a highly diversified customer base of OEM / non-OEM dealers, wholesalers, and retailers. 

“We are very pleased with the outcome of this transaction,” said Marcel Langlois, President and CEO of H&R. “With over three decades of experience, H&R has built strong brand recognition and a reputation for superior service across its operations in Buffalo, NY, Lawrenceville, GA, and Riverside, CA. Mike Gorman and his associates at Stout did an excellent job in finding the right partner for the company in All States Ag Parts to continue its success and long-term growth. The transaction could not have happened without their guidance and contribution throughout.”

“H&R’s market-leading position as an independent dismantler and supplier of used construction equipment parts will complement All States Ag Parts’ expertise in agricultural equipment. In addition, Kinderhook’s extensive experience and resources will further position H&R to capitalize on the significant opportunities ahead,” said Mike Gorman, Director in Stout's Special Situations group. “It was a pleasure to work with the H&R team on this transaction and bring about an exceptional result.”

Stout’s Steve Simone and Abhi Iyer assisted in executing the deal. 

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