The AMA Group announced the acquisition of six collision repair centers and plans to open two greenfield locations. The acquisitions will be funded using existing cash resources. The total anticipated consideration for the acquisitions is AU$4.743 million ($3.576 million). The acquired business will provide incremental revenue of AU$26.9 million ($20.2 million) and earnings before interest, taxes, depreciation and amortization (EBITDA) of AU$2.371 million ($1.787 million).
Three of these sites are in Victoria and have been purchased with an “earn out” provision. Those facilities include:
- Direct One Accident Repair Centre located in Thomastown;
- Mill Park & South Morang Smash Repairs in South