Hellman & Friedman and ABRA’s Senior Management Team Close Acquisition of ABRA Auto Body & Glass

MINNEAPOLIS, MN – (August 28, 2014) – ABRA Auto Body & Glass, (“ABRA”), a leading national damaged vehicle repair provider, and its principal owner, Palladium Equity Partners, LLC (“Palladium”) closed today on the acquisition plans announced earlier this month for ABRA to be acquired by affiliates of  Hellman & Friedman, LLC (“H&F”) and ABRA’s senior management team. Terms of the transaction were not disclosed.

ABRA is one of the country’s largest and most-respected multi shop repair operators in collision repair, paintless dent removal, and auto glass repair and replacement. The company uses an operational excellence philosophy that significantly improves its operating metrics, distinguishing it from competitors and making it a preferred option for insurance carriers and vehicle owners.

ABRA’s nationwide network includes 191 company-owned vehicle damage repair centers and 49 franchised centers in 19 states.

“Growth has always been part of our key strategy,” said Duane Rouse, president and chief executive officer of ABRA Auto Body & Glass. “Hellman & Friedman aligns well with ABRA’s vision for the future and their sophisticated knowledge of the insurance and automotive service industry will play an important role in helping us evolve to the next stage. Our entire team is excited about the long-term growth opportunities ahead as we broaden our reach and expand our national footprint.”

About ABRA Auto Body & Glass

Founded in 1984 and headquartered in Brooklyn Park, Minnesota, ABRA is a recognized leader in collision repair, paintless dent removal, and auto glass repair and replacement with 191 company-owned vehicle damage repair centers and 49 franchised centers in 19 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. For more information about ABRA, visit www.abraauto.com.

Media Contacts
ABRA Auto Body & Glass
Laurie Janu
763-585-6240
ljanu@abraauto.com

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ABRA Auto Body & Glass Continues to Accelerate Growth in North Carolina

MINNEAPOLIS, MN – (August 25, 2014) – ABRA Auto Body & Glass, a leading national damaged vehicle repair company, announced it expanded its presence in North Carolina once again with the acquisition of Raleigh Collision, in Raleigh, North Carolina. The deal follows other acquisitions in recent weeks in Fayetteville and Charlotte. Terms of the Raleigh transaction were not disclosed.

The recent growth in North Carolina is part of the company’s aggressive and ongoing strategy to increase its national footprint. ABRA is one of the collision industry’s largest and most-respected multi shop repair operators in the country. It uses an operational excellence philosophy that significantly improves its operating metrics, distinguishing it from competitors and making it a preferred option for insurance carriers and vehicle owners. ABRA’s portfolio now stands at 240 repair centers in 19 states.

“Our road map for growth in North Carolina is unfolding as planned,” said Duane
Rouse, ABRA’s president and chief executive officer. “We remain completely
focused on our long-term strategy. The entire team at ABRA is committed to building
on the extraordinary success we’ve achieved in the region.”

Joe and Susan Pelliccia, owners of Raleigh Collision, acknowledge the positive
impact ABRA will have on the community. “This is an iconic national brand that’s
been around for more than 30 years,” said Joe Pelliccia. “My wife and I are completely
confident our employees will flourish and our customers will continue to receive the
highest quality repairs and superior service they’ve come to expect.”

Building on its increasing success, ABRA plans to continue expanding in the months and years ahead as part of its aggressive national growth strategy.  It is actively seeking new opportunities to acquire repair centers and integrate them into its industry-leading operating system. Interested parties in major markets should contact Scott Gerling, Vice President of Corporate Development (sgerling@abraauto.com  or 763.585.6210).

For franchise opportunities in small and midsize markets contact Mark Wahlin, Vice President of Franchise Development / Relations (mwahlin@abraauto.com or 763.585.6315).

ABRA is committed to conducting business based on responsible business practices including implementation of environmentally sustainable initiatives, health and safety, and a commitment to the communities in which it serves.

About ABRA Auto Body & Glass
Founded in 1984 and headquartered in Brooklyn Park, Minnesota, ABRA is a leading provider of vehicle repair services specializing in collision repair, paintless dent removal, and auto glass repair and replacement. ABRA’s mission is to be the best auto body and glass company in America by providing quality repairs, in a timely manner, with friendly, helpful service. For more information about ABRA visit www.abraauto.com

Media Contacts
Laurie Janu
Director of National Marketing
763.585.6240

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ABRA Auto Body & Glass Expands Glass Operations in North Carolina

MINNEAPOLIS, MN – (August 22, 2014) – ABRA Auto Body & Glass, a leading national damaged vehicle repair company, announced plans to substantially increase its glass presence in Charlotte, North Carolina with the acquisitions of Deals Auto Glass Service and Kimble Glass Services. Terms of the transactions were not disclosed.

The glass acquisitions are part of the company’s aggressive and ongoing growth strategy
to increase its national footprint. ABRA is one of the collision industry’s largest and
most-respected multi shop repair operators in the country. It uses an operational excellence philosophy that significantly improves its operating metrics, distinguishing it from competitors and making it a preferred option for insurance carriers and vehicle owners. ABRA’s portfolio now includes 239 repair centers in 19 states.

“We have recently established a track record of success in the Charlotte market
and want to continue to evolve and grow in the region,” said Duane Rouse, ABRA’s
president and chief executive officer. “We have received tremendous support
from the community and our insurance partners. Expanding our glass offerings
allows us to become a trusted partner by showing customers firsthand the operational
excellence and superior processes that make us an industry leader.”

“We’ve purchased two well-established and respected brands,” said Jim Richardson, ABRA’s vice president of Auto Glass. “We’re excited to expand our glass operations in the Charlotte community and are committed to becoming the clear choice for auto glass repair and replacement to meet the growing needs of vehicle owners and our insurance partners.”

Building on its increasing success, ABRA plans to continue expanding in the months and years ahead as part of its aggressive national growth strategy.  It is actively seeking new opportunities to acquire repair centers and integrate them into its industry-leading operating system. Interested parties in major markets should contact Scott Gerling, Vice President of Corporate Development (sgerling@abraauto.com  or 763.585.6210).

For franchise opportunities in small and midsize markets contact Mark Wahlin, Vice President of Franchise Development / Relations (mwahlin@abraauto.com or 763.585.6315).

ABRA is committed to conducting business based on responsible business practices including implementation of environmentally sustainable initiatives, health and safety, and a commitment to the communities in which it serves.

About ABRA Auto Body & Glass
Founded in 1984 and headquartered in Brooklyn Park, Minnesota, ABRA is a leading provider of vehicle repair services specializing in collision repair, paintless dent removal, and auto glass repair and replacement. ABRA’s mission is to be the best auto body and glass company in America by providing quality repairs, in a timely manner, with friendly, helpful service. For more information about ABRA visit www.abraauto.com

Media Contacts
Laurie Janu
Director of National Marketing
763.585.6240

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Princeton Community Vehicle Safety Event

August 20, 2014 ABRA Auto Body & Glass Princeton, Minnesota hosted a Community Vehicle Safety Event. The Community Event was a big success thanks to all its sponsors and partners. The event featured demonstrations by the local fire department and distracted driving advice by local law enforcement including a texting and driving demonstration course.

Princeton_Community_Event_V2

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ALS Challenge Accepted

Our Newest Franchise in Ellensburg, Washington has accepted the ALS Challenge! Have you? Share your videos with us on Facebook!

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ABRA Auto Body & Glass Expands Operations in Washington

MINNEAPOLIS, MN – (August 19, 2014) – ABRA Auto Body & Glass, a leading national damaged vehicle repair company, announced the opening of its newest franchise repair center in Ellensburg, Washington.

ABRA is one of the collision industry’s largest and most-respected multi shop repair operators in the country. The company uses an operational excellence philosophy that significantly improves its operating metrics which distinguishes it from competitors.

ABRA’s repair center portfolio now stands at 239 in 19 states. The new repair center is located at 641 West University Way in Ellensburg, Washington, about 100 miles east of Seattle. It is the first ABRA franchise in the state and is owned and operated by Tom and Sandy Morris.

Mark Wahlin, ABRA’s Vice President of Franchise Development and Relations
said, “Part of our growth strategy is to expand our franchise conversion rates in small
and midsize markets to help meet the demand of our customers and insurance
partners in the communities in which we serve. Opening the Ellensburg ABRA repair
center is another important step toward meeting our goals.”

ABRA franchise owner Tom Morris said, “I am impressed with ABRA’s operational
excellence philosophy, their culture of ethics and integrity. There is no doubt this
is great for Kittitas County and a tremendous opportunity for our employees to flourish and grow.”

Building on its increasing success, ABRA plans to continue expanding in the months and years ahead as part of its aggressive national growth strategy.  It is actively seeking new opportunities to acquire repair centers and integrate them into its industry-leading operating system. Interested parties in major markets should contact Scott Gerling, Vice President of Corporate Development (sgerling@abraauto.com  or 763.585.6210).

For franchise opportunities in small and midsize markets contact Mark Wahlin, Vice President of Franchise Development / Relations (mwahlin@abraauto.com or 763.585.6315).

ABRA is committed to conducting business based on responsible business practices including implementation of environmentally sustainable initiatives, health and safety, and a commitment to the communities in which it serves.

About ABRA Auto Body & Glass

Founded in 1984 and headquartered in Brooklyn Park, Minnesota, ABRA is a leading provider of vehicle repair services specializing in collision repair, paintless dent removal, and auto glass repair and replacement. ABRA’s mission is to be the best auto body and glass company in America by providing quality repairs, in a timely manner, with friendly, helpful service. For more information about ABRA visit www.abraauto.com

Media Contacts

Laurie Janu
Director of National Marketing
763.585.6240

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ABRA Auto Body & Glass Continues Tennessee Expansion

Company News

 

 

 

 

MINNEAPOLIS, MN – (August 15, 2014) – Just four months after entering into Knoxville, Tennessee, ABRA Auto Body & Glass, a leading national damaged vehicle repair company, announced it had expanded once again with the purchase of Tennessee Collision Repair. The new center is located in Alcoa, Tennessee, about 20 minutes south of Knoxville. Terms of the deal were not disclosed.

ABRA is one of the collision industry’s largest multi shop repair operators. The company uses an operational excellence philosophy that significantly improves its operating metrics; distinguishing it from competitors. Today’s acquisition increases ABRA’s repair center portfolio to 239 in 19 states.

Duane Rouse, ABRA’s President and Chief Executive Officer said, “Tennessee Collision Repair has deep roots in the Alcoa community. We are excited to announce our expansion in Tennessee which reinforces our growth strategy. We are focused on markets with favorable demographics and economic growth. We look forward to strengthening our ability to meet the collision repair demands of customers and insurance partners across the country.”
David and Brenda Maples, owners of Tennessee Collision Repair welcomes today’s Transaction and acknowledges the tremendous benefit to the community. “We are
proud to have serviced our customers for nearly three decades. This is a tremendous
opportunity for our employees and a great cultural fit for the city of Alcoa.”

Building on its increasing success, ABRA plans to continue expanding in the months and years ahead as part of its aggressive national growth strategy.  It is actively seeking new opportunities to acquire repair centers and integrate them into its industry-leading operating system. Interested parties in major markets should contact Scott Gerling, Vice President of Corporate Development (sgerling@abraauto.com  or 763.585.6210).

For franchise opportunities in small and midsize markets contact Mark Wahlin, Vice President of Franchise Development / Relations (mwahlin@abraauto.com or 763.585.6315).

ABRA is committed to conducting business based on responsible business practices including implementation of environmentally sustainable initiatives, health and safety, and a commitment to the communities in which it serves.

About ABRA Auto Body & Glass
Founded in 1984 and headquartered in Brooklyn Park, Minnesota, ABRA is a leading provider of vehicle repair services specializing in collision repair, paintless dent removal, and auto glass repair and replacement. ABRA’s mission is to be the best auto body and glass company in America by providing quality repairs, in a timely manner, with friendly, helpful service. For more information about ABRA visit www.abraauto.com

Media Contacts
Laurie Janu
Director of National Marketing
763.585.6240

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ABRA Auto Body & Glass Continues Nationwide Expansion

MINNEAPOLIS, MN – (August 8, 2014) – ABRA Auto Body & Glass, a leading national damaged vehicle repair company, continued with its nationwide expansion today by announcing the purchase of White Auto Body repair centers in Florissant and O’Fallon, Missouri and Fayetteville Collision in Fayetteville, North Carolina. Terms of the deals were not disclosed.

ABRA is one of the collision industry’s largest multi shop repair operators in the country. The company uses an operational excellence philosophy that significantly improves its operating metrics which distinguishes it from competitors.

Today’s acquisitions increase ABRA’s repair center portfolio to 237 in 19 states.

“Acquiring these three centers today reinforces our growth strategy and underscoresour commitment to servicing customers across the country,” said Duane Rouse, ABRA’s president and chief executive officer. “We are delighted to continue expanding in markets and showing customers our innovative service model.”

Scott Krohn, ABRA’s Executive Vice President of Operations said, “ABRA’s reputation is built on proven processes and our commitment to excellence. We continue to grow because we have the expertise and experience needed to be successful in the collision repair industry.”

Building on its increasing success, ABRA plans to continue expanding in the months and years ahead as part of its aggressive national growth strategy.  It is actively seeking new opportunities to acquire repair centers and integrate them into its industry-leading operating system. Interested parties

in major markets should contact Scott Gerling, Vice President of Corporate Development (sgerling@abraauto.com  or 763.585.6210).

For franchise opportunities in small and midsize markets contact Mark Wahlin, Vice President of Franchise Development / Relations (mwahlin@abraauto.com or 763.585.6315).

ABRA is committed to conducting business based on responsible business practices including implementation of environmentally sustainable initiatives, health and safety, and a commitment to the communities in which it serves.

About ABRA Auto Body & Glass

Founded in 1984 and headquartered in Brooklyn Park, Minnesota, ABRA is a leading provider of vehicle repair services specializing in collision repair, paintless dent removal, and auto glass repair and replacement. ABRA’s mission is to be the best auto body and glass company in America by providing quality repairs, in a timely manner, with friendly, helpful service. For more information about ABRA visit www.abraauto.com

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ABRA Auto Body & Glass to be acquired by Hellman & Friedman and ABRA’s Senior Management Team

MINNEAPOLIS, MN – (August 4, 2014) – ABRA Auto Body & Glass, (“ABRA”), a leading national damaged vehicle repair provider, and its principal owner, Palladium Equity Partners, LLC. (“Palladium”), is pleased to announce today a definitive agreement for ABRA to be acquired by affiliates of Hellman & Friedman, LLC. (“H&F”) along with ABRA’s senior management team.

ABRA is a recognized leader in collision repair, paintless dent removal, and auto glass repair and replacement. The company uses an operational excellence philosophy that significantly improves its operating metrics which distinguishes itself from competitors. ABRA provides repair solutions that enable its insurance company partners to improve customer satisfaction and drive policyholder retention, while reducing repair costs and driving efficiencies in the claims process. ABRA’s nationwide network includes 186 company-owned vehicle damage repair centers and 48 franchised centers in 19 states.

“It is with the dedicated work of our employees, the trust of our customers, and the tremendous support of our insurance partners that ABRA has become an iconic name in auto body and glass repair in the three decades since its founding,” said Duane Rouse, president and chief executive officer of ABRA. “Hellman & Friedman brings deep insurance and automotive service industry expertise and an exemplary record of helping companies such as ABRA continue to evolve and grow. We look forward to working together to build on our track record of success.”

“Within the $30-billion collision repair sector ABRA stands out as a highly-respected, exceptionally well-run business,” said Erik Ragatz, managing director of Hellman & Friedman. “Built on a foundation of delivering superior standards for repair quality and customer service, ABRA has become a trusted partner of leading automotive insurers and a reliable source for quality collision repair services across the nation. We see outstanding growth prospects ahead and look forward to partnering with ABRA’s team to continue to execute on their strategic plan.”

Luis Zaldivar, Managing Director of Palladium, said, “We are proud to have been part of ABRA’s successful growth over the past three years. During our partnership, we worked closely with ABRA’s exceptional management team to enter new markets, accelerate the company’s acquisition program and enhance the company’s industry-leading capabilities. We are confident Hellman & Friedman will be an ideal partner in the next stage of the company’s development.”

The transaction is expected to close in the third quarter of 2014 and is subject to customary conditions.

Harris Williams & Co. acted as advisor to ABRA in connection with the transaction. Greenberg Traurig LLP and Simpson Thacher & Bartlett LLP served as legal advisors to ABRA and Hellman & Friedman, respectively.

About ABRA Auto Body & Glass
Founded in 1984, ABRA is a recognized leader in collision repair, paintless dent removal, and auto glass repair and replacement with186 company-owned vehicle damage repair centers and 48 franchised centers in 19 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. For more information about ABRA, visit www.abraauto.com.

About Hellman & Friedman, LLC.
Hellman & Friedman LLC is a leading private equity investment firm with offices in San Francisco, New York, and London. Since its founding in 1984, H&F has raised and, through its affiliated funds, managed over $25 billion of committed capital. The firm focuses on investing in superior business franchises and serving as a value-added partner to management in select industries including insurance, energy & industrials, financial services, software, internet, digital & traditional media, business, marketing & information services, and healthcare. For more information on H&F, please visit www.hf.com.

About Palladium Equity Partners, LLC.
Palladium is a middle market private equity firm with over $2.5 billion in assets under management. Palladium seeks to acquire and grow companies in partnership with founders and experienced management teams, and focuses primarily on buyout equity investments in the range of $50 to $150 million. Since its founding in 1997, Palladium has invested over $1 billion of capital in more than 20 platform investments and over 50 add-on acquisitions. The principals of the firm have significant experience in financial services, business services, food, healthcare, industrial and media businesses, with a special focus on transitioning founder-owned businesses and investing in companies it believes will benefit from the growth in the U.S. Hispanic population. In April 2014, Palladium announced the final closing of Palladium Equity Partners IV, L.P. at $1.14 billion, significantly exceeding its target. Palladium is based in New York City. For more information, visit www.palladiumequity.com.

Media Contacts
ABRA Auto Body & Glass
Laurie Janu
763-585-6240
ljanu@abraauto.com

Hellman & Freidman
Joe Hixson or Ian Campbell of the Abernathy MacGregor Group
213-630-6550
jrh@abmac.com or idc@abmac.com

Palladium Equity Partners
Todd Fogarty of Kekst and Company
212-521-4854
todd-fogarty@kekst.com

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ABRA Auto Body & Glass Launches Operations in Missouri and Expands in Washington

MINNEAPOLIS, MN – (July 25, 2014) – ABRA Auto Body & Glass, a leading national damaged vehicle repair company, announced today the purchase of three TEAM1 Auto Body and Glass collision centers in St. Louis, Missouri and one Auto Hound Collision Center in Seattle, Washington. Terms of the deals were not disclosed.

ABRA is one of the collision industry’s largest and fastest growing multi shop repair operators in the country. Today’s acquisitions not only introduce ABRA to a new market but increase its presence in Seattle. The company’s repair center portfolio now totals 234 in 19 states.

“Our vision for growth is in full swing,” said Duane Rouse, ABRA’s president and chief executive officer. “We are poised to continue expanding across the country. Our team is excited to introduce ABRA to new markets and show customers firsthand the operational excellence philosophy and processes that make us an industry leader.”

“ABRA has established itself as a well-respected and trusted front-runner in the collision repair industry,” said Tom Hutton, owner of TEAM1 Auto Body and Glass. “The company’s industry-leading processes and commitment to excellence assure customers will receive the highest-quality workmanship and superior customer service moving forward.”

Building on its increasing success, ABRA plans to continue expanding in the months and years ahead as part of its aggressive national growth strategy.  It is actively seeking new opportunities to acquire repair centers and integrate them into its industry-leading operating system. Interested parties in major markets should contact Scott Gerling, Vice President of Corporate Development (sgerling@abraauto.com  or 763.585.6210).

For franchise opportunities in small and midsize markets contact Mark Wahlin, Vice President of Franchise Development and Operations (mwahlin@abraauto.com or 763.585.6315).

ABRA is committed to conducting business based on responsible business practices including implementation of environmentally sustainable initiatives, health and safety, and a commitment to the communities in which they serve.

About ABRA Auto Body & Glass

Founded in 1984 and headquartered in Brooklyn Park, Minnesota, ABRA is a leading provider of vehicle repair services specializing in collision repair, paintless dent removal, and auto glass repair and replacement. ABRA’s mission is to be the best auto body and glass company in America by providing quality repairs, in a timely manner, with friendly, helpful service. For more information about ABRA visit www.abraauto.com

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