Tuesday, 08 May 2012 16:12

Service King Plans to Acquire Auto Body World's eight locations in AZ

Richardson-based Service King, in its first acquisition outside Texas, plans to buy a chain of body shops in Arizona the company announced this morning.

Terms of the deal with Auto Body World Inc. were not disclosed. The transaction, which should be completed in July, will give Service King a total of 58 shops and annual revenue approaching $300 million.

"This will move us from sixth in the U.S. to the third largest collision-repair company," said Service King CEO Cathy Bonner.

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