Mr. Wagman previously served as the President and CEO of LKQ Corporation from 2012 to 2017, overseeing the company’s revenue expansion from $4.1 billion to $9.7 billion . Under Mr. Wagman’s watch, LKQ’s stock price grew at a CAGR of over 20%, creating over $8.0 billion in equity value for shareholders. Mr. Wagman joined LKQ at the company’s inception in 1998 and previously served as Senior VP of Operations – Wholesale Parts Division and VP of Insurance Services and Aftermarket Operations. Prior to LKQ, Rob worked for Copart and Triplett Auto Parts.
Doug Kelly, CEO of asTech®, said, “Rob’s knowledge of the automotive industry combined with his experience in successfully leading and growing LKQ will be extremely helpful as we continue to aggressively grow our business.” Kelly added, “Rob understands the need to deliver OEM level service when it comes to servicing today’s sophisticated vehicle safety systems.” Mr. Wagman commented, “I am looking forward to working with this seasoned leadership team and guiding the company as it continues to grow its burgeoning diagnostics business and expand into new markets”.
Paul Cifelli, Managing Director at Kinderhook Industries, LLC, stated, “We are very excited to be partnering with Rob Wagman on another Kinderhook portfolio company. His industry knowledge and relationships have been invaluable to the management teams of our portfolio companies.” Mr. Wagman also currently serves on the Board of Directors two other Kinderhook portfolio companies – National Truck Protection and All States Ag Parts.
asTech® is a leading provider of automotive diagnostic, vehicle electronic repair and calibration services with patented technology that allows for bi-directional communication between OEM factory scan tools and ASE Certified Technicians, ensuring a safe and proper repair of the complex electronics systems. The asTech® process allows a vehicle to stay in the production lane, reducing cycle time while improving repair quality, resulting in improved customer satisfaction, elevated safety and a lower overall cost of repair.
asTech® offers three separate methods of delivery - Remote, In-Shop, and Mobile. The patented asTech® device allows shop technicians to connect remotely to an OEM tool and ASE Certified Technician over the air to perform vehicle health checks, reprogramming and calibrations. For larger customers, asTech® will place full-time employees on-site to handle vehicle diagnostics, smaller repairs, and calibrations. For larger, more complex jobs, asTech® will dispatch highly specialized technicians through its nationwide mobile business.
For more information, please visit astech.com