# Adell Group acquires Powerflow

Kinderhook-backed Adell Group Inc. acquired Powerflow Inc., Powerflow Products Ltd., and Gestion Solutions Plastik Inc., providers of injection-molded plastic accessories for automotive OEMs. Financial terms were not disclosed.

- Type: Acquisition
- Announced: 2019-06-26
- Where: Buffalo, New York, United States
- Status: completed
- Products: injection-molded plastic trim products, splash guards, body side moldings, bumper protectors, door sills
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Kinderhook Industries](https://endata.com/companies/18992.md) (investor)
- [Adell Corp](https://endata.com/companies/38096.md) (acquirer)
- [Powerflow](https://endata.com/companies/40266.md) (target)

## Sources

- [kinderhook.com](https://www.kinderhook.com/press-release/kinderhook-backed-adell-group-acquires-powerflow/), 2019-06-26: "Powerflow represents a transformational acquisition for Adell as it expands its geographical presence, customer base, and product offerings."
- [lawtimesnews.com](https://www.lawtimesnews.com/news/general/minden-gross-advises-powerflow-on-acquisition-by-adell-group/276913), 2019-07-11: "We are excited about our partnership with Kinderhook and Adell."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.