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You are here: Home / News / Blackstone to Acquire Australia-Based AMA Group’s Collision Repair Business for $395 Million

Blackstone to Acquire Australia-Based AMA Group’s Collision Repair Business for $395 Million

April 13, 2018 By CollisionWeek Editor

Private equity firm also owns Service King Collision Repair Centers

Australia’s AMA Group (ASX:AMA) announced today that it will sell its collision repair business to the  U.S. private equity firm Blackstone for AU$508 million ($395.4 million) and spin off its automotive component and accessory (ACAD) business into a new company that will remain listed on the Australia Stock Exchange. The valuation represents 10.7 times projected pro forma normalized earnings before interest, taxes, depreciation and amortization (EBITDA) for the year ending June 30, 2018

AMA Group logoIn January, AMA confirmed that it had received a proposal from Blackstone for its panel repair business.

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

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