Monroe Moxness Berg, along with Kirkland & Ellis, served as counsel to Repairify, Inc. d/b/a asTech (“asTech”), a portfolio company of Kinderhook Industries, LLC, in its acquisition of Mobile Tech RX. Mobile Tech RX is the industry-leading automotive and collision reconditioning application that enables technicians to estimate, invoice, manage teams and collision workflow, process repair orders and capture data on-the-go through their mobile devices. Mobile Tech RX also provides instant damage pricing estimates using machine learning enabled AI and computer vision with dispatch functionality to their technicians across the country in their own marketplace. The company represents the twelfth add-on acquisition for asTech and Kinderhook’s 112th automotive-related transaction. Financial terms of the transaction were not disclosed.
Today, there are more than 4,000 companies leveraging the application for glass repair, detailing, paintless dent repair, wheel and rim repair, paint touch up, window tint, interior repair, PPF and vinyl repairs. This technology equips these businesses with all the necessary tools to compete from marketing, workflow, finance, payment to real-time analytics dashboards — in short, everything an independent automotive and collision business needs to manage, grow and enhance its position in the industry.
“Mobile Tech RX is a strategic acquisition that allows asTech to expand both its product offering and customer base. The company provides asTech with access to an established network of repair technicians across 4,000 businesses and 6,000 technicians, instantly increasing asTech’s scale and capabilities,” said Paul Cifelli, managing director of Kinderhook Industries.
For more information, see the full press release.