Friday, 10 May 2013 20:44

ABRA Makes Largest MSO Acquisition in its History

ABRA Auto Body & Glass, a leading national vehicle repair company and one of the country’s fastest growing multi-shop repair operators, announced May 10 that it has acquired 23 Precision Collision Auto Body repair centers in the Seattle metro area and throughout Washington State. The deal marks the company’s largest acquisition in its 30 year history, its entry into the northwest region and increases the total number of new ABRA center openings this year to 37.

ABRA is rapidly becoming a collision repair heavyweight and is known throughout the industry as one of the top performing operators in the country. The company has significantly accelerated its growth in recent months and now operates a total of 172 repair centers in 17 states.

“This is a game-changing acquisition for us,” said Duane Rouse, President and Chief Executive Officer of ABRA. “We have an extremely strong management team, a scalable integration platform, a fantastic brand, and extensive expertise and experience in the collision repair industry. Acquiring these repair centers is just one more step in ABRA’s ongoing growth strategy to better serve our customers and insurance partners.”

Scott Hensrude, Precision Collision’s Owner and Chief Executive Officer, embraces today’s acquisition. “This is a great cultural fit and a tremendous opportunity for our employees,” he added. “Aligning ourselves with such an established, well-respected company that shares the same values is a once in a lifetime opportunity.”

Greg Wright, President of Precision Collision, is also impressed with ABRA. He will join the company and assume a leadership role to help manage operations in the market as well as assist in the company’s growth in the region. “ABRA shares our culture of ethics, integrity, and teamwork. We’re excited to build a strong partnership to deliver top-notch service and quality to customers in Seattle and throughout Washington.” Plans also include adding Precision Collision’s three longtime District Managers to ABRA’s team of 2,500 dedicated employees nationwide.

Eighteen of the repair centers are centrally located in the Seattle metro area, with five additional centers in the cities of Burlington, Mount Vernon, Wenatchee, Kennewick, and Spokane. The 23 centers will operate under the direction of an experienced General Manager and include a team of rigorously trained and highly skilled body shop technicians and expert repair professionals.

ABRA has a bigger vision for itself and a clear eye on growth. It plans to continue expanding in the years ahead and is actively seeking new opportunities to acquire repair centers and integrate them into its industry leading operating system as part of its aggressive national growth plans in major markets. Interested parties should contact Scott Gerling, Vice President of Corporate Development (sgerling@abraauto.com or 763.585.6210).

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