|
The sale of Kadel's Auto Body, a 23-location multi-shop operators in Oregon, Washington and Idaho, is currently pending to ABRA Auto Body & Glass, according to Harris Williams & Co. Founded in 1954, Kadel’s is a leading regional auto body service provider in the Pacific Northwest. Kadel’s geographic coverage and expansive base of insurance company relationships have enabled it to provide consistent service, quality, quick turnaround times and convenience for its customers. Kadel’s is dedicated to the same principles on which the company was founded over 60 years ago: honesty, integrity, accommodation and excellence. Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide, announced the pending sale to ABRA, a portfolio company of Hellman & Friedman (H&F). The transaction, which is subject to customary closing conditions, is being led by Joe Conner of Harris Williams & Co.’s Transportation & Logistics (T&L) Group and Ryan Budlong, Matt Conaty and Zach England of the firm’s Consumer Group. "We are thrilled to have represented Kadel’s shareholders in this transaction, which represents another marquee deal for Harris Williams & Co. in the automotive aftermarket services sector,” said Joe Conner, a managing director at Harris Williams & Co. “Given our recent automotive aftermarket services sector success with Caliber Collision Centers, ABRA, Mister Car Wash, Dent Wizard, Driven Brands and Kadel’s, we believe that strong and broad-based interest from both strategic and financial buyers will continue in this vibrant portion of the aftermarket.” "This transaction is another example of our firm leveraging the deep sector experience and industry expertise of our T&L and Consumer Groups," added Ryan Budlong, a director at Harris Williams & Co. “We continue to leverage the strengths of our Industry Groups to deliver superior service and outcomes to our clients.” Founded in 1984, ABRA is a recognized leader in collision repair, paintless dent removal and auto glass repair and replacement with 286 company-owned and franchised vehicle damage repair centers in 22 states. ABRA distinguishes itself by providing a solution that enables its insurance company partners to substantially improve customer satisfaction and drive policyholder retention, while simultaneously reducing repair costs and driving efficiencies in the claims management process. |
