AUSTIN, Texas, June 15, 2021– Repairify, Inc., a portfolio company of Kinderhook Industries, LLC, announced today the acquisition of Mobile Tech RX, the industry-leading business technology platform for automotive reconditioning businesses. This marks the twelfth add-on acquisition for Repairify and Kinderhook’s 112th automotive-related transaction. Financial terms of the transaction were not disclosed.
Today, there are over 4,000 companies and 6,000 active users leveraging Mobile Tech RX’s application for glass repair, detailing, paintless dent repair (“PDR”), wheel and rim repair, paint touch up, window tint, interior repair, PPF and vinyl repairs. The strategic partnership with Repairify will help the auto reconditioning industry continue to scale and become more profitable, which has been a long-held mission of Mobile Tech RX.
Mobile Tech RX will leverage synergies and existing products in the Repairify ecosystem to further develop its technology and provide a more robust business technology offering to the automotive reconditioning industry. The Company will also continue to advance its machine learning and AI technology to create instant, “smart” price estimates, and build out a marketplace and dispatch functionality that will connect technicians from around the country with jobs in their area.
“Repairify is thrilled to welcome Eric Garves from Mobile Tech RX, who will be joining the Repairify team as the CEO of Mobile Tech RX. The Company has demonstrated an ability to match end customers’ demand with access to a flexed labor force, and over 1.7 million vehicles were repaired through its solution in the past year. We look forward to continued success as we further augment the application with advanced technology, solutions across Repairify’s service offerings, and develop a robust nationwide marketplace,” said Cris Hollingsworth, President of Repairify.
“The merger between Mobile Tech RX and Repairify will result in an application that better serves all end customers and technicians who currently utilize the solution,” said Eric Garves, CEO and Co-Founder of Mobile Tech RX. “Technicians will be capable of diversifying and expanding their revenue streams while end customers will benefit from access to a broader set of vehicle repairs.”
About Mobile Tech RX
Mobile Tech RX offers the #1 automotive reconditioning application, a software as a service (“SAAS”) technology platform that makes it easy for mobile and shop-based technicians to estimate, invoice, manage collision workflow, and capture data on-the-go from a tablet or phone. Since inception, Mobile Tech RX has worked to simplify the work order management process and make it easier to connect reconditioning technicians to end customers and their vehicles. Mobile Tech RX is backed by leading venture firm Silverton Partners and based in Austin, Texas.
For more information, please visit: www.mobiletechrx.com.
About Kinderhook Industries
Kinderhook Industries, LLC is a private investment firm that manages over $3.3 billion of committed capital. We have made in excess of 275 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 our proprietary network of operating partners. Our focus is on middle market businesses with defensible niche market positioning in the healthcare services, environmental / business services, and automotive / light manufacturing sectors. We have a track record of successfully and consistently building industry leaders.
For more information, please visit: www.kinderhook.com.
asTech is the leading provider of remote diagnostic solutions and services to the collision industry. asTech provides cutting-edge, expert diagnostics using OEM tools to provide safe and accurate repairs. asTech, a Repairify company, provides remote diagnostics using its patented device, and also provides access to ASE-Certified Master Technicians, who are trained to be virtual diagnosticians. asTech Master Technicians can service many trouble codes remotely and provide real-time assistance to shop technicians at the vehicle when needed. Repairify also offers mobile repair, key replacement, calibration services, and BlueDriver®, the #1 vehicle scan tool solution on Amazon. asTech is based in Plano, Texas.
For more information, please visit: www.asTech.com.