All States Ag Parts (ASAP) has acquired Arrow Acquisition, a specialist in forks and attachments for a wide range of materials handling equipment.

Arrow is headquartered in Lenexa, Kansas and has distribution facilities in Lenexa, Kansas; Houston, Texas; Norfolk, Virginia and Corona, California. 

Arrow is ASAP's 15th add-on acquisition since partnering with private investment firm Kinderhook.

The acquisition expands ASAP's heavy equipment business into the adjacent category of materials handling and further solidifies its position as a leading replacement parts business diversified across agriculture and industrial markets. 

With the addition of Arrow, ASAP now operates 42 locations across North America.

Key members of Arrow's management team will remain with the business post-close, including Arrow CEO Terry Melvin. 

“We are thrilled to partner with ASAP and Kinderhook to accelerate the growth of Arrow. We look forward to continuing to serve our customers alongside a partner with the same core values," Melvin says.

Bill Davidson, president of ASAP, believes acquisition of Arrow will allow ASAP to immediately become the leading provider of attachment parts for the materials handling industry. “Arrow will add in-house manufacturing and engineering capabilities that will be highly synergistic across the platform. Terry and his team have built a tremendous business, and we look forward to working with them to offer best-in-class service to our combined customer base." 

Financial details of the transaction were not disclosed.