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Friday, 23 August 2019 20:59

TSG Consumer Partners to Acquire Joe Hudson’s Collision Centers

TSG Consumer Partners (TSG), a leading private equity firm focused exclusively on the branded consumer sector, announced on Thursday, Aug. 22, that it has signed a definitive agreement to acquire a majority stake in Joe Hudson’s Collision Centers (JHCC) from Carousel Capital.

Carousel Capital and JHCC management will continue as minority investors in the company. Financial terms of the transaction were not disclosed.

 

JHCC is a leading platform in the collision repair industry operating approximately 110 state-of-the-art auto body repair shops across the Southeastern region of the United States. JHCC employs highly skilled professionals dedicated to providing customers with outstanding customer service and quality repairs. The company’s shop footprint serves local customers in Alabama, Florida, Georgia, Kentucky, Mississippi, North Carolina, Tennessee, Texas and Virginia.

 

“JHCC’s longstanding reputation for providing customers with exceptional service has enabled it to grow into one of the leading regional players in the collision repair industry,” said Pierre LeComte, managing director at TSG. “We are thrilled to join forces with JHCC CEO Traweek Dickson and the management team as the company looks to capitalize on a number of compelling growth opportunities, including increasing its geographic footprint and expanding in its existing and adjacent markets.”

 

“TSG represents an ideal partner for us as we enter our next phase of growth,” said Dickson. “TSG’s collaborative approach, innovative marketing prowess and deep operational expertise will be invaluable as we continue to deliver best-in-class service to our customers, further scale our leading regional platform, and build out our digital and consumer marketing efforts.”

 

Ropes & Gray LLP acted as legal advisor to TSG. K&L Gates acted as legal advisor and Harris Williams acted as financial advisor to Carousel Capital and JHCC. The transaction is expected to close in the third quarter of 2019.

 

Obtained via Business Wire.

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