Carousel Capital announced on October 20 that it has partnered with management to recapitalize Joe Hudson’s Collision Center.
Based in Montgomery, Alabama, Joe Hudson’s Collision Center operates 23 stores in Alabama, North Florida and Western Georgia providing award-winning services to its customers and insurance industry partners since 1989.
“We are excited to partner with the management team of Joe Hudson’s Collision Center to assist them in continuing to build one of the highest quality and fastest growing collision center businesses in the country,” said Jason C. Schmidly, a Managing Partner of Carousel Capital. “This investment represents Carousel Capital’s fifth platform investment in the automotive aftermarket services sector and we find the opportunity to expand JHCC among the most compelling we have ever seen.”
“We have built our business on the base philosophy of unparalleled customer service. Carousel shares this view wholeheartedly and its experience developed through many successful investments in the automotive aftermarket sector gave us great confidence in working with them on this opportunity,” said Joe Hudson, Chairman and Founder of JHCC.
Traweek Dickson, CEO, added “Carousel’s investment and support will help us achieve our goals of growing our business dramatically through the opening of new locations and through continued acquisitions throughout the region. We are thrilled to have a strong capital base and institutional support to achieve our strategic plan.”