Monday, 29 June 2015 19:04

ABRA Auto Body & Glass to Expand in Pacific Northwest

ABRA Auto Body & Glass announced on June 26 a definitive agreement to acquire 23 Kadel’s Auto Body locations in Idaho, Oregon and Washington. Details of the agreement were not disclosed.

Kadel’s Auto Body, an investment managed by KCB Private Equity of Pasadena, CA, is a leading regional auto body provider in the Pacific Northwest.

The transaction will significantly expand ABRA’s footprint in the region. ABRA’s President and Chief Executive Officer, Duane Rouse said the company is thrilled with the opportunity and proud to acquire such a well-respected multi-shop collision repair operator.

“Kadel’s Auto Body has been servicing insurance partners and community members for over 60 years. Their commitment to superior customer service and a quality repair echoes ABRA’s way of doing business. As we enter these new markets we look forward to continuing Kadel’s legacy within the community while introducing ABRA’s innovative service model.”

Don Braden, President and CEO of Kadel’s Auto Body embraces the acquisition decision with ABRA and says KCB’s partnership over the years and their operational experience helped maintain the quality and services customers and insurance partners expect.

“This is a great cultural fit and a tremendous opportunity for our employees,” he added. “We’re pleased to align ourselves with such an established, well-respected national collision repair company like ABRA that shares the same culture of ethics, integrity, and teamwork.”

As it plans to continue expanding in the months and years ahead, ABRA 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).

The transaction is expected to close within the coming weeks. Harris Williams & Co. served as the exclusive financial advisor to Kadel’s. KCB Private Equity invested in Kadel’s in 2007. The transaction is subject to customary closing conditions and the sale terms are undisclosed.