New York, New York — AsTech, a portfolio company of Kinderhook Industries, announces today its acquisition of the “BlueDriver” diagnostic tools and services.
BlueDriver is a leading provider of direct-to-consumer aftermarket diagnostics scan tools and services. The company represents the ninth add-on acquisition for asTech and Kinderhooks’ 99th automotive-related transaction.
“BlueDriver is a highly strategic acquisition and allows asTech to augment its service offering with aftermarket diagnostic capabilities. The addition will assist asTech in executing on its global multi-tier tool strategy and expand its offering in the automotive repair ecosystem into mechanical, whole auction, fleet, retail, and eCommerce markets,” said Paul Cifelli, Managing Director of Kinderhook
The BlueDriver diagnostic tool is able to match vehicles, make, model, and trouble code to a specific fix from a repair database that has been verified by professional automotive technicians.
Once the proper fix is identified, customers can seamlessly order parts online with the BlueDriver application along with clearing diagnostic trouble codes upon completion of the repair, asTech is now the only company in the world that has both aftermarket / quick-scan and full OEM diagnostic scanning and calibration capabilities.
“asTech has always remained committed to providing customers with accurate diagnostic services and the BlueDriver® tool offers our customers a quality, trusted and easy-to-use diagnostic solution. asTech believes there will continue to be strong demand for aftermarket diagnostic solutions and is confident that the integration of BlueDriver will further enable us to provide our customers with a one-stop-shop for vehicle diagnostic, calibration, and remote programming services,” said Cris Hollingsworth, President of asTech.
“[asTech] is [also] thrilled to welcome Maurice Tuff, who will be joining [the team] as our Chief Technology Officer,” added Hollingsworth.
“I am ecstatic to be joining the team and optimistic that the combination of BlueDriver, asTech, and their technologies will further enable us to deliver superior diagnostic solutions to our global customers,” said Maurice Tuff, chief technology officer at asTech.
Financing for the transaction was provided by BBVA USA; and Stewart McKelvey, Kirkland & Ellis LLP and Pranger Law served as legal counsel to asTech.
