After a quiet year, Automotive Keys Group (AKG) has struck again. UHS Hardware, an automotive-focused distributor based in Hollywood, Florida, has been acquired by AKG. Terms weren’t announced.
In spring 2021, AKG acquired two well-known automotive distributors in less than a month: Midwest Keyless and International Key Supply. AKG was formed in January 2021 by private-equity firm Kinderhook Industries.
In a press release, AKG says the acquisition “adds a highly experienced and committed team to the organization” while adding that UHS will continue to operate independently “for the foreseeable future.” Midwest Keyless and International Key Supply continue to operate under their own names while participating in AKG training and marketing efforts. However, all distribution has been combined under the banner of Key Innovations.
“The UHS team is an invaluable addition to AKG and will enhance our ability to service the wholesale locksmith community,” said Ayal Sharvit, CEO at AKG. “We look forward to providing an expanded service network to our customers and driving value-added solutions to them through the investments we’ve made broadly in technology and infrastructure.”
Dan Berger, co-founder at UHS said, “We are absolutely thrilled to have our team partner with AKG and look forward to the expanded resources and support to add capabilities in support of our customers.”