Damaged vehicle repair firm ABRA Auto Body & Glass has announced acquisition of all 23 Kadel’s Auto Body units in Idaho, Oregon and Washington as part of its plans to bring new centers under its operating system in the US.
With this, the company, which specializes in collision repair, paintless dent removal, auto glass repair and replacement, has currently 310 repair centers across 23 US states.
While Harris Williams & Co. served as exclusive financial advisor to Kadel's, the financing was arranged by Nomura.
ABRA president and CEO Duane Rouse said: "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."
Managed by KCB Private Equity of California since 2007, Kadel's Auto Body is a regional auto body provider in the Pacific Northwest.
Kadel's Auto Body former President and CEO Don Braden said: "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."
