ABRA Auto Body Buys IN Co., Continues Nat’l Growth
Brooklyn Center-based ABRA Auto Body & Glass has acquired Indianapolis-based Collision Solutions, a move that boosts its presence in Indiana and represents the latest in a series of recent purchases that are fueling its growth nationwide.
Collision Solutions operates five auto repair centers in the Indianapolis area—all of which are now part of ABRA’s portfolio. The acquisition boosts the total number of ABRA repair centers to 132 in 14 states. By contrast, at the beginning of 2012, it had 112 auto repair centers in 12 states.
In a prepared statement, ABRA President and CEO Duane Rouse called the most recent acquisition “an important part of accelerating our national growth plans.”
And grow it has. Since November 2011, when New York-based private investment firm Palladium Equity Partners, LLC, recapitalized the firm through a deal with undisclosed terms, it has been on somewhat of an acquisition spree.
This year, ABRA has purchased existing collision repair centers in Indiana, Tennessee, Colorado, and Minnesota, and it has opened new repair centers in Utah, Colorado, Georgia, Tennessee, North Carolina, Indiana, and Michigan—some company-owned and some that are franchises. Last month, it bought the Schoonover Bodyworks and Glass location in Stillwater for an undisclosed sum.
“We’re in growth mode and anticipate acquiring five new centers by the end of this year,” Laurie Janu, ABRA’s director of national marketing, told Twin Cities Business, adding that the company anticipates a similar number of acquisitions in 2013 and has been rapidly hiring technicians as it expands.
ABRA, founded in 1984, specializes in collision repair, paintless dent removal, and auto glass repair and replacement. Its revenue exceeds $250 million annually, and it employs 1,700 nationwide (not including the just-announced Indianapolis acquisition) and 300 in Minnesota.