ABRA Auto Body acquire KAB
ABRA Auto Body & Glass, a leading damaged vehicle repair company in the US, closed today 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 is one of the US’s largest and most-respected multi shop repair operators in collision repair, paintless dent removal, and auto glass repair and replacement. ABRA credits its continued growth and acquisition opportunities to the dedication of its employees and outstanding support from insurance partners. Its national portfolio now includes 310 repair centers in 23 states.
President and chief executive officer of ABRA, Duane Rouse described today’s 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 honoured 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.’