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You are here: Home / News / Australia’s AMA Group Confirms Discussions on Sale of Collision Repair Unit to Blackstone

Australia’s AMA Group Confirms Discussions on Sale of Collision Repair Unit to Blackstone

January 29, 2018 By CollisionWeek Editor

Proposal values collision repair business at AU$530 million 

Following an article in the Australian Financial Review, Australia’s AMA Group Ltd. (ASX:AMA) confirmed that had received a proposal from Blackstone Private Equity for its collision repair centers. The AMA group owns more than 90 collision repair centers in Australia and New Zealand with reported sales of AU$323.8 million ($262 million) last fiscal year.

AMA Group logoThe Blackstone Group owns a majority interest in Service King Collision Repair Centers that it acquired in 2014.

According to a notice to shareholders from Terri Bankos, company secretary of the AMA Group, “AMA Group Limited (ASX: AMA)

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Filed Under: News Tagged With: Acquisitions, AMA Group, Australia, Blackstone Group

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