In this episode of Capital Allocators, hosts Chris and Rob Michalik, twin brothers and co-founders of Kinderhook Industries, share their inspiring journey from childhood jobs to establishing a thriving middle-market private equity firm. They discuss their strong partnership and the family-like culture that defines their company. The brothers outline their investment strategy, which focuses on three key sectors: healthcare services, the automotive aftermarket, and environmental services. They emphasize the importance of collaborating with capable management teams and prioritizing operational expertise over financial engineering. The conversation also addresses the often-unfair criticism of private equity in the healthcare sector, particularly in light of their recent acquisition of Stewardship Medical Group from the bankrupt Steward Healthcare. They highlight their dedication to enhancing healthcare access and quality in underserved communities.
