Friday, 10 July 2015 19:21

UPDATE ABRA Auto Body & Glass Acquires All 23 Kadel’s Auto Body Locations

ABRA Auto Body & Glass closed on July 10 on the agreement announced last month to acquire all 23 Kadel’s Auto Body locations in Idaho, Oregon and Washington. Terms of the acquisition were not disclosed. Nomura arranged financing for the transaction. Harris Williams & Co. served as the exclusive financial advisor to Kadel’s.

ABRA's national portfolio now includes 310 repair centers in 23 states.

President and Chief Executive Officer of ABRA, Duane Rouse described the July 10 move as significant. “Over the past several years we have worked tirelessly to increase our national footprint and are all very proud of how far we’ve come. Growing to 310 repair centers is no easy feat and reaching this milestone through the acquisition of such a well-respected operator as Kadel’s makes today especially rewarding. We look forward to expanding the already extensive footprint and strong insurance partnerships that Kadel’s has established in the region.”

Don Braden, former President and CEO of Kadel’s Auto Body echoed Rouse’s sentiments and said the company is honored to be a part of ABRA’s growth. “Our employees, our leadership, all of us at Kadel’s look forward to the great things to come as a result of our alignment with ABRA. The common vision that we share will allow us to continue the legacy that we’ve established while introducing the innovative service model that has made ABRA well known throughout the collision repair industry.”

ABRA is actively seeking new opportunities to acquire repair centers and integrate them into its industry-leading operating system. Interested parties in major markets should contact Scott Gerling, Vice President of Corporate Development (sgerling@abraauto.com or 763.585.6210).

For franchise opportunities in small and midsize markets contact Mark Wahlin, Vice President of Franchise Development/Relations (mwahlin@abraauto.com or 763.585.6315).

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